A billionaire from Kuwait has expressed interest in buying the Maldives presidential yacht ‘Arumaazu’, following the Gulfcraft International Boat Show held over the weekend.
Haveeru reported that the billionaire went to see the yacht, which is anchored at the Presidential Retreat of Aarah, and remarked that while it was a beautiful yacht “it needs some repairs.”
The US$4.7 million yacht was acquired and used by the former president Maumoon Abdul Gayoom, but has been left to fall into a state of disrepair given the country’s current financial depredations.
Maldives National Chamber of Commerce and Industries (MNCCI) Deputy President Ismail Asif told Haveeru that “special parties” and investors had expressed interest in the yacht.
“We are just facilitating the interested parties to see the yacht. The government will carry out the process of selling it. It is not put on auction. The government has not informed the selling price. The price will be negotiable,” Asif told Haveeru.
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