Foreign investments worth MVR9.8 billion expected in five years, says President Yameen
02 Mar 2015, 4:48 PM
Minivan News
A total of MVR9.8 billion (US$635.5 million) has been pledged to the Maldives by 24 foreign investments registered so far, President Abdulla Yameen said in his presidential address today.
In the address delivered at the opening of the People’s Majlis’ first session of 2015, Yameen said the 24 foreign investments registered under his administration were not tourism-related.
“Under these investments, a total of MVR9.8 billion has been proposed to be invested in the Maldives during the next five years,” Yameen said over loud protests from opposition MPs calling for the release of former President Mohamed Nasheed.
The pledged foreign investments represent a 70 percent increase on the previous year, Yameen added.
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