A resolution has been submitted to the People’s Majlis calling for the disclosure of details regarding the agreement between the Maldivian government and Eagle Hills, the company tasked with developing the "Waterfront Marina" project in Rasmalé.
The resolution, moved by Galolhu North MP Meekail Ahmed Naseem, urges the government to reveal all commercial terms of the agreement signed with Eagle Hills. It further calls for the Majlis to deliberate and provide its opinion on the matter.
The resolution highlights Article 250 of the Constitution, which mandates that any state-owned asset must be granted, sold, or leased only in accordance with the law.
It further notes that while the Constitution prohibits the ownership of any part of Maldivian territory by foreign entities, Article 29 guarantees every citizen the right to freedom of information.
The resolution points out that despite these legal frameworks, the government has kept information regarding the decision to grant a portion of Rasmalé to Eagle Hills confidential.
The resolution outlines several concerns regarding the details of the project disclosed by the government thus far, including:
- The failure to disclose the full details of the agreement signed between the government and the UAE-based Eagle Hills on September 21, 2026.
- The agreement being structured in a way that the state does not recover the costs of land reclamation, despite the land being reclaimed using public tax money.
- The granting of over 500 hectares of reclaimed land in Rasmalé to Eagle Hills for a period of 99 years.
- The agreement being finalised without requiring the payment of acquisition costs or rent.
- Provisions allowing Eagle Hills the right to create rolling lease interests by subleasing developed properties to third parties.
- The risk that keeping the agreement of such a massive project secret could lead to significant losses for state assets and finances, potentially facilitating corruption.
The resolution also notes that these concerns persist despite President Mohamed Muizzu’s previous assurances that no part of Rasmalé would be leased or granted to any foreign party.
