Housing Minister Abdulla Muththalib
48 articles
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NewsEagle Hills 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.
NewsState will bear no costs on housing units by Abu Dhabi developer
The Maldives Finance Ministry confirmed that the state budget will incur no costs for 5,000 housing units being built by Abu Dhabi’s Eagle Hills. The $500 million project uses a contractor financing model without government guarantees. While the state is not liable, it remains unclear if public recipients will pay for the units upon completion.
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Priority should be sale of assets to generate immediate liquidity
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No tax concessions for UAE developer in Rasmale' project
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No details on size and value of land given to Dubai company
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Rasmale' investor to build 5,000 housing units in Hulhumale'
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Agreement with UAE developer for $20 billion project in Rasmale'
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Govt to reassign Addu Road Project as RDC fails to begin work
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Sinamalé Bridge did not sustain major damage: Muththalib
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Housing Minister to present Muizzu with engineering award
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Hulhumale' land to be sold to PNC member with 96 percent discount
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Muththalib blames parliamentary agenda for response delays
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Binveriya plots in Hulhumale' can be used for commercial purposes
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Housing Minister refuses to meet Male' City Council members
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Government revokes 450 flats under Gedhoruveriya scheme
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Technical team to begin Male' roads survey this month
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Giraavarufalhu reclamation halts due to soaring fuel costs
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No date set to begin road redevelopment project in Male'
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Agreement signed with China to seek a contractor for hospital
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