President reveals vision for foreign investment at Hulhumalé project launch
03 Apr 2014, 3:08 PM
President Abdulla Yameen inaugurated a project yesterday for the construction of 3,000 housing units in Hulhumalé by a joint venture company, Sealife Global Inc – formed by two Dubai companies with a local partner.
Speaking at the groundbreaking ceremony, President Yameen said his administration’s vision was to develop a “youth village” in Hulhumalé with a population of 50,000 people.
“The youth village will not involve only housing [projects]. It will also include other projects related to the youth village such as the creation of light industries to provide job opportunities, as well as arrangements for food and beverages required by modern youth and restaurant facilities for [fast food],” he said.
Yameen said he hoped the government would be able to realise this vision during its five-year term.
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