Fushidhiggaru Falhu
2 articles
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NewsFact check: Rasmale' investment figure is $12 billion
The Maldivian government and UAE developer Eagle Hills have provided conflicting valuations for the Rasmale’ project. While the government claims a $20 billion investment, official company statements and international news outlets report the figure as $12 billion. The Housing Ministry has yet to clarify the $8 billion discrepancy.
NewsDiscussion to sell part of Rasmale' to UAE's Emaar
The Maldives government is in talks to sell a portion of the Rasmalé reclamation project to UAE-based developer Emaar. The proposed deal involves granting land for a tourism township in exchange for the construction of social housing and infrastructure. While negotiations are ongoing, a team is traveling to Dubai to finalize the agreement.