Maldives allows foreigners to buy land, to mobilize investments worth one billion dollars

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. Read more