President Dr Mohamed Muizzu said he expects Rasmalé to become a fully fledged city within a decade, driven by major foreign investment including a real estate project with Abu Dhabi-based Eagle Hills. He assured that the investment would not reduce housing land for Maldivian citizens, noting applications are already open for 15,000 housing plots.
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Dr Mohamed Muizzu · Assured that sufficient land would remain in Rasmalé to accommodate all eligible applicants seeking residential plots, and that the foreign investment project would not affect hou…
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Of the 1,150 hectares planned for Rasmalé
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500 hectares have been earmarked for real estate development involving Eagle Hills
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while the remaining 650 hectares are intended for housing
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the Government has opened applications for 15,000 housing plots under its housing policy
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enabling the area to take shape as a fully developed city within 10 years
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The President revealed that other foreign companies had already expressed interest in undertaking projects in Rasmalé, including electricity supply, water and sewerage infrastructure.
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