President Yameen hails passage of SEZ bill
28 Aug 2014, 10:04 PM
Zaheena Rasheed
President Abdulla Yameen has hailed People’s Majlis passage of flagship Special Economic Zone (SEZ) bill as an incentive for multi-million dollar investments in the Maldives.
The bill was passed with six minor amendments at an extended Majlis sitting at 10:54 pm on Wednesday night, with 60 MPs of the 85 member house voting in favor.
Opposition Maldivian Democratic Party (MDP) had proposed over 180 amendments, but all were rejected.
Speaking to the press today, Yameen said the SEZ bill dispels investor concern over short lease periods and legal protection.
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