Maldives gov't seeks investors for construction of 40,000 housing units

The Maldives government is seeking investors to construct 40,000 housing units in the north and south of the country.

President Dr. Mohamed Muizzu's government has decided to build a total of 70,000 housing units, including 40,000 in the north and south of the country and an additional 30,000 housing units under the government's ambitious RasMale' project. In the southern region, housing units will be constructed in Gaafu Alif Atoll, Gaafu Dhaalu Atoll, Fuvahmulah City, and Addu City.

According to some information shared by the government at the Maldives Investment Forum held in Dubai on Tuesday, the proposed housing units will comprise three and four-story buildings, as well as 15 and 20-story towers, with commercial spaces for lease in some buildings. The government is seeking investors for the construction of these buildings through the contractor finance model and concessional finance model.

Solving the housing crisis faced by the Maldives is among President Dr. Muizzu's top priorities.