Hi, I'm Viyu. Ask me about the stories collected here. I answer only from them, with numbered links to the outlets that published them, and I say so when they do not cover it.
Rasmale' project must be judged on long-term returns: Muththalib
Minister of Infrastructure, Housing and Urban Development Dr. Abdulla Muththalib defended the proposed Eagle Hills project in Rasmale' against a critical Dhauru news report, arguing the criticism used an unrealistic land valuation and ignored infrastructure costs. He said the agreement keeps land ownership with the State under a leasehold system and would generate around USD 3.1 billion through revenue sharing, plus other taxes.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
500 hectaresReclaimed land included in agreement with Eagle HillsThe EditionThe minister responded to claims that 500 hectares of reclaimed land in Rasmale' included in the agreement with Eagle Hills is worth USD 24 billion, and that the State would not recover its value through the partnership.
Word for word from the report in The Edition. Open the report
USD 24 billionLand value claimed by criticsThe EditionThe minister responded to claims that 500 hectares of reclaimed land in Rasmale' included in the agreement with Eagle Hills is worth USD 24 billion, and that the State would not recover its value through the partnership.
Word for word from the report in The Edition. Open the report
approximately USD 1 billionUpfront cost of providing infrastructure for municipal and other essential servicesThe EditionMinister Muththalib states that providing the necessary infrastructure for municipal and other essential services in the development would cost approximately USD 1 billion upfront.
Word for word from the report in The Edition. Open the report
approximately USD 3.1 billionExpected revenue through revenue sharing mechanismThe EditionMuththalib said that the arrangement is expected to generate approximately USD 3.1 billion through a 10 percent revenue sharing mechanism, in addition to revenue from a 4 percent fee on property transfers (USD 1.24 billion) and other taxes generated by economic activity.
Word for word from the report in The Edition. Open the report
10 percentRevenue sharing rateThe EditionMuththalib said that the arrangement is expected to generate approximately USD 3.1 billion through a 10 percent revenue sharing mechanism, in addition to revenue from a 4 percent fee on property transfers (USD 1.24 billion) and other taxes generated by economic activity.
Word for word from the report in The Edition. Open the report
USD 22 billionProjected net foreign direct investmentThe EditionThe minister also highlighted projections cited in the project's economic impact assessment, including USD 22 billion in net foreign direct investment, more than 60,000 direct and indirect employment opportunities, and over USD 2 billion in annual tourism revenue once the project reaches maturity, through attracting about a million visitors per annum.
Word for word from the report in The Edition. Open the report
more than 60,000Direct and indirect employment opportunitiesThe Editionincluding USD 22 billion in net foreign direct investment, more than 60,000 direct and indirect employment opportunities, and over USD 2 billion in annual tourism revenue once the project reaches maturity
Word for word from the report in The Edition. Open the report
over USD 2 billionProjected annual tourism revenue at project maturityThe Editionand over USD 2 billion in annual tourism revenue once the project reaches maturity, through attracting about a million visitors per annum.
Word for word from the report in The Edition. Open the report
5,000 housing unitsHousing units the developer committed to fund in Hulhumale'The EditionHe added that the developer has committed to funding 5,000 housing units in Hulhumale' for Maldivians before the Rasmale' project implementation begins.
Word for word from the report in The Edition. Open the report
