Rasmale
45 articles
Latest
News"Airport was leased to GMR under a transparent bidding process"
Former President Mohamed Nasheed criticized the Maldivian government for awarding a Rasmalé development deal to a UAE firm without a transparent bidding process. He contrasted the secretive agreement with his administration's open tender for the national airport, emphasizing that state assets should only be leased through competitive systems.
NewsWhat kind of agreement was signed with Eagle Hills
The Maldives government signed a preliminary agreement with UAE-based Eagle Hills to lease land in Rasmalé for 99 years. The multi-billion dollar project aims to develop a world-class marina and luxury residences. While the Maldives will receive 5,000 housing units, specific financial details and a definitive contract are yet to be finalized.
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Fact check: Rasmale' investment figure is $12 billion
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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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Selling off part of Rasmale' for "bags of cash": Yameen
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Discussion to sell part of Rasmale' to UAE's Emaar
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Ex-Finance Minister blames wasteful spending for USD crisis
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Government to release list of flat recipients in December
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CRCC paid USD 13.2 million in advance despite failing in project
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Rasmale' master plan to house 200,000 people in 20 years
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Muizzu sets fifth deadline for Rasmale' reclamation
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Flat and land recipients to be announced within this year
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Over 58,000 applications for government housing schemes
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World's largest dredger departs Maldives
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Two of the world's largest dredgers in the Maldives
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