Abdulla Yameen

Maldives to allow foreigners to own land

Maldivian President Abdulla Yameen approved on July 23 a law allowing foreign ownership of land for the first time, triggering concern over a possible landgrab by China in the strategic Indian Ocean region.

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