Sun Siyam requests USD 165 million loan guarantee from government

MP Siyam has requested the Finance Ministry to issue a sovereign guarantee for the purpose of developing a resort, further stating that this loan was agreed upon in 2018.

Featured Image

MP of the Meedhoo Constituency, Ahmed Siyam Mohamed at the event held last night to commemorate PNC's acquirement of super majority in the parliament. -- Photo: Mihaaru News

Aishath Shuba Solih

2024-04-23 13:38:54

Renowned businessman and MP of Meedhoo Constituency, Ahmed Siyam Mohamed, has appealed to the government to issue a loan of USD 165 million (MVR 2.5 billion) to develop a tourist resort.

A document obtained by Mihaaru News reveals that Siyam had submitted a request to the Ministry of Finance appealing for a loan guarantee on the April 7.

This article is in our Archive

Login to read for free! Register to create an account