President Mohamed Nasheed has said that this year’s SAARC Summit will facilitate major development in Addu City and Fuvahmulah.

Regarding the pre-SAARC Summit work currently being carried out in Addu City and Fuvahmulah, the President said that Addu will be transformed in to a full-fledged city, through these preparations for the SAARC Summit, and that in Fuvahmulah, a new airport and more roads are being constructed, erosion sites are being conserved and a cricket stadium is being built for the Summit.

In his weekly radio address, President Nasheed also revealed that he would ratify the “Goods and Services Tax” bill, as part of the government’s economic and fiscal policy, at a ceremony held this afternoon in Fuvahmulah.

The President also noted that a number of cabinet ministers were in Kulhudhuffushi during the last week, to inaugurate various projects in the North Province.

He said that the need to provide developmental means for Kulhudhuffushi, Hithadhoo of Addoo Atoll and other larger populations in the Maldives, was to provide an easier means for smaller populations to benefit from the businesses and developmental establishments of the highly populated islands.

Speaking in this regard, President Nasheed added that “we will be unable to reach the speed of development we desire, if all the islands depended on Male’ alone”.