The Business Times
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Maldives to allow foreigners to own land

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Published Thu, Jul 23, 2015 · 09:50 PM

Colombo

LAWMAKERS in the Maldives have voted to allow foreign ownership of land for the first time, triggering concern over a possible land grab in the honeymoon islands.

Dozens of foreign companies already run luxury resorts on islands that they lease from the government of the atoll nation for a maximum of 99 years.

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