Male' City Council has signed on as a partner to develop the Maldives Floating City project.
The billion-dollar Floating City project was launched in March last year by President Ibrahim Mohamed Solih. The Maldives government granted a 200-hectare lagoon situated near Aarah to Duch Dockland company to carry out the project. The floating city will have 5,000 homes for residential and commercial purposes.
On Wednesday, an MoU was signed between the City Council and project developer Dutch Dockland International. The agreement was signed on behalf of the City Council by Mayor Dr. Mohamed Muizzu and by CEO of Dutch Dockland International, Paul Van De Camp.
The Male' Mayor said the City Council was signing on as a project partner to work towards resolving the housing issues faced by the residents of Male' City. He said the City Council would welcome any move that alleviates the housing issues faced by the people to any degree. As the MoU indicates, the biggest responsibility of the City Council is to find affordable housing solutions for the people of the city, he said.
The project is implemented by a joint venture between Dutch Dockland and the Maldives government. The construction of 5,000 floating houses has been contracted to Bison Company under the project.
