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Eagle Hills housing units to be funded by forfeiting future state revenue
News

Eagle Hills housing units to be funded by forfeiting future state revenue

Eagle Hills will build 5,000 housing units in Hulhumale’ for $400–$500 million. While the government claims no direct budget impact or debt, the project will be funded by forfeiting the state's future 10% revenue share from the Rasmalé development. This arrangement offsets construction costs against expected government earnings.

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Eagle Hills housing units to be funded by forfeiting future state revenue

Eagle Hills housing units to be funded by forfeiting future state revenue

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