Government will sustain the Agreement with GMR- Ahmed Mohamed

Wednesday, February 22nd, 2012

Minister of economic development Mr. Ahmed Mohamed said that the government will sustain the agreement they had with the Indian Company GMR in order to develop the Ibrahim Nasir International Airport.
During the press conference held last night at the President’s office, answering a question asked by a news reporter Ahmed Mohamed said that if the foreign investment policy is changed every five years or it changes whenever the government changes, the foreign investors will be scared away from investing in Maldives.
Ahmed Mohamed said “then the trust investors have for Maldives will be lost. Also investors will hold up investing in Maldives. The government will research the agreement and find the problems that will make loss for the government and try to solve it through discussing with GMR.
Due to the change in leadership of the country on the 7th of this month many people have been raising questions about GMR. In related to this the President Dr. Mohamed Waheed Hassan Manik clarified twice while answering the queries of the media regarding the issue that the government will uphold the contract the government had with GMR and will solve the problems in the agreement by mutual discussions.
People have been raising doubts about the fate of GMR in the current administration because the former opposition parties Progressive Party of Maldives and Jumhooree Party earlier condemned the former government’s contract with GMR.

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