Maldives foreign land ownership reform bill is approved

Maldives President Abdulla Yameen has approved a law passed by parliament on Wednesday which allows foreigners to own land for the first time.


Up until now the constitution prohibited foreign ownership of any part of Maldivian territory.

But now foreigners will be allowed to buy land provided they invest more than $1bn and provided that 70% of it is reclaimed from the Indian Ocean.

Critics fear the move could enable China to set up bases in the Maldives.

The government has denied this, saying it wants foreign investment on a commercial basis.

It says that foreign investors will be able to buy 10% of the 298 square km (115 square miles) of naturally occurring land that make up the the Maldives.

It hopes that the move will attract offshore investors into special economic zones set up by President Yameen to make the economy less reliant on tourism.

But opposition MPs fear that the measure could enable China to establish bases in the strategically important Islamic republic, which lies within important international east-west shipping routes.

Correspondents say that any Chinese move into the Maldives is certain to be viewed suspiciously by India, which considers the Maldives archipelago to be within its sphere of influence.

"We can't ignore the fact there is a cold war brewing between India and China," Opposition Maldivian Democratic Party MP Eva Abdulla told the AFP news agency.

But Vice President Ahmed Adeeb rejected concern over the move, pointing out that it had been done to generate foreign investment.

"We are not going to sell land to other countries, whether it's China or Saudi Arabia," he was quoted as saying by Minivan News on Thursday.

The Maldives comprises thousands of tiny coral islands located across the equator.

It has endured considerable political unrest since its first democratically elected president, Mohamed Nasheed, was overthrown in a coup in February 2012.

There have been frequent street protests in the capital Male since Mr Nasheed was convicted earlier this year on terrorism charges.
Source: http://www.bbc.com/news/world-asia-33638516

Indian Ocean games

Delhi must stop complaining and start thinking of how to repair strained ties with the Maldives

New Delhi is predictably upset with the Maldives for an amendment to the country’s constitution permitting foreigners to own land, provided the entity invests a minimum of $1 billion. The move is being seen as an attempt by the Indian Ocean atoll to forge closer ties with China. Chinese companies are already involved in other projects, notably the construction of a bridge to connect Hulhumale island, on which the airport is, with the capital Male. During Chinese President Xi Jinping’s visit last September, Maldives President Abdulla Yameen readily agreed to become part of China’s ambitious maritime silk route project. New Vice President Ahmed Adeeb has said that criticism of the amendment as a backdoor move to permit foreign powers to establish military bases on its territory are unfounded. As many as 70 members in the 85-seat Majlis voted in favour of the changes. Among the 19 opposition members who voted for the bill, 10 were from the Maldivian Democratic Party, whose leader, Mohamed Nasheed, a former president, is under house arrest. The concern in India, and for some in the Maldives, too, is that the possibility has not been ruled out entirely.




Sovereign nations act according to what they believe are their own best interests. Other countries have to work towards ensuring that these interests coincide with theirs. Delhi, which harbours an unrealistic expectation that its neighbours must play its game or none at all, was unfortunately not deft at deciphering the signals from the Maldives right from the time Nasheed was ousted back in 2012, or far thinking. It lost no time in dropping the young MDP leader and backing the new regime. It was only when the Indian firm GMR was turfed out from the Maldives airport project did Delhi fathom this Indian Ocean game ran deep. Despite his political brinkmanship, Nasheed was the most India-friendly politician in the Maldives. If some in his party have now voted in favour of the amendment, it is in the hope that in return, the Yameen government may give some concessions on Nasheed’s 13-year jail term, handed down by an anti-terrorist court earlier this year. 

India must stop complaining and start thinking of how to repair strained ties with this small but strategically important neighbour it has helped in many ways. One way to do this might be to step up engagement with all political players there immediately.

Source: http://indianexpress.com/article/opinion/editorials/indian-ocean-games/

Maldives allows foreigners to buy land for first time

Maldivian President Abdulla Yameen has approved a law passed by the country’s parliament allowing foreign ownership of land for the first time.

Yameen signed the new legislation on Thursday after lawmakers approved it the previous day.

Those who want to buy land in the Maldives must invest more than USD 1 billion provided that only 70% of it is reclaimed from the Indian Ocean country.

The government says it approved the law only to attract foreign investment on a commercial basis, dismissing fears that it could undermine security in the Indian Ocean region.

"We want to mobilize investments worth at least one billion dollars," the country’s Vice President Ahmed Adeeb said.

The Maldives is a sovereign island country made up of almost 1,200 tiny islands situated in the Indian Ocean south of India and west of Sri Lanka.

It has endured considerable political unrest since its first democratically-elected president, Mohamed Nasheed, was overthrown in a coup in February 2012.

Source: http://www.presstv.ir/Detail/2015/07/23/421570/Maldives-foreign-land-ownership