FB   
 
Powered bysps
        Society for Policy Studies
 
 

 
Development or environment: A dilemma for Maldivians
Posted:Mar 12, 2017
 
Print
Share
  
increase Font size decrease Font size
 
“Pretending that we have to choose between the economy and the environment is as harmful as it is wrong” – Justin Trudeau, Canadian Prime Minister.
 
The news of the Saudi royal family’s desire to invest billions of dollars in a Special Economic Zone development project echoed loudly on local media recently. Many locals including several parliament members have raised concerns over losing sovereign rights of Faafu Atoll from this project. The Special Economic Zones Act allows foreign ownership of land for a period of 99 years and provisions on residency to foreign nationals within the SEZ.
 
Legal interpretations of the Act are essential to understand the implications of such a project to sovereignty of islands acquired under the SEZ Act. Below are a few clauses quoted from the Act for readers to ponder;
 
Clause 80: on SEZ residency
 
(b) Maldives government shall take necessary steps under relevant laws to grant SEZ residency for foreign nationals or companies who enter contracts to purchase or lease a right to use luxury villas bungalows condominiums and other residential properties inside zones and such residency shall be granted for the duration of the subsistence of that right.
 
Under schedule one on incentives granted to zones:
 
(b) Other incentives developer could receive by negotiation and on advice of the board
 
Read more at: http://maldivesindependent.com/feature-comment/development-or-environment-a-dilemma-for-maldivians-129411
 
 Maldives Independent, March 12, 2017 
 
 
 
 
Print
Share
  
increase Font size decrease Font size
 

Disclaimer: South Asia Monitor does not accept responsibility for the views or ideology expressed in any article, signed or unsigned, which appears on its site. What it does accept is responsibility for giving it a chance to appear and enter the public discourse.
Comments (Total Comments 0) Post Comments Post Comment
Review
 
 
 
 
spotlight image I am honored to be here today for the first U.S. government exchange alumni conference for India and Bhutan.
 
read-more
The European Union and India should work closely to bring peace, stability and development in Afghanistan, Cyprus President Nicos Anastasiades has said.
 
read-more
On a self-imposed trial of three months, the Mehbooba Mufti government in Jammu and Kashmir has gone for what it believes to be a slam dunk.
 
read-more
spotlight image Mahmoud Ahmadinejad sprang a surprise when he registered himself as a candidate in Iran’s presidential election scheduled for May 19. After leaving the office of President in 2013 at the end of two controversial terms, the firebrand populist has been largely inactive in politics. 
 
read-more
That China strictly implements the UN Security Council resolutions that sanction North Korea is seen by all. If Pyongyang continues with its nuclear and missile tests, China is bound to support more harsh resolutions on this country.
 
read-more
India should be extremely wary of any Trump involvement on the Kashmir issue because he would do anything to bring India to the table, writes Dr. Susmit Kumar for South Asia Monitor.
 
read-more
A pre-dawn  suicide terror attack (fidayeen)  on an army camp in the Kupwara district of Jammu and Kashmir on Thursday (April 27)   resulted in the death of three army personnel including an officer,  while two terrorists were neutralized. Combing operations are in progress to ascertain if any of the attackers have
 
read-more
The core parts of the controversial Terminal High Altitude Area Defense (THAAD) anti-missile system have been moved to the site of what had been a golf course in southern South Korea.
 
read-more
Health of the citizens and the economy of the nation they inhabit go hand in hand and every buck spent on former guarantees a manifold increase in the latter,  said noted public health expert K Srikant Reddy. The lecture 'Health and Development: India Must Bridge the Disconnect' was ...
 
read-more
Column-image

Title: Bollywood Boom; Author: Roopa Swaminathan; Publisher: Penguin; Price: Rs 399; Pages: 221

 
Column-image

Title: Defeat is an Orphan: How Pakistan Lost the Great South Asian War; Author: Myra Macdonald; Publisher: Penguin Random House India; Pages: 328; Price: Rs 599

 
Column-image

  The story of Afghanistan -- of the war against the Soviets and of terrorism that has gripped the landlocked country ever since -- is in many ways also the story of diplomat Masood Khalili, who motivated his people and led them...

 
Column-image

Title: The Golden Legend; Author: Nadeem Aslam; Publisher: Penguin Random House; Pages: 376; Price: Rs 599

 
Column-image

Over the Years, a collection of 106 short articles, offers us interesting sidelights on the currents and cross- currents in the public life of India during two distinctive periods: (I) 1987 to 1991 and (II ) 2010 to the present.

 
Subscribe to our newsletter
Archive