Urbanco Managing Director Ibrahim Fazul Rasheed said money spent on finishing the Hiyaa flats will be reimbursed to owners, denying rumours the government would renege on President Mohamed Muizzu's campaign pledge. Muizzu had pledged MVR 200,000 in compensation per flat across 6,720 flats, totalling around MVR 1.34 billion.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
We will give back the cost incurred by the people, as much as possible, [but] at an average price. Some have spent a lot on the apartments in which case they will not be fully compensated but if you do the math, it’s an average of two hund…
As President Dr Muizzu promised, the money spent on [the finishing of the] Hiyaa flats will be paid back to the owners of the Hiyaa flats
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Muizzu, during the first round of the presidential election campaign, pledged to provide MVR 200,000 as compensation for each Hiyaa flat.
Word for word from the report in Maldives Republic. Open the report
Given that there are a total of 6,720 flats, compensation would come to around MVR 1.34 billion.
Word for word from the report in Maldives Republic. Open the report
Given that there are a total of 6,720 flats, compensation would come to around MVR 1.34 billion.
Word for word from the report in Maldives Republic. Open the report
