Mega housing project worth MVR 1.2B to be initiated by government

President Ibrahim Mohamed Solih has announced the government’s plans to initiate a nationwide mega housing project funded by the government worth MVR 1.2 billion within the next two years – under its housing policies.

Speaking at the official ceremony held at Kulhudhuffushi City to mark the National Youth Day – President Solih said that major projects will be undertaken within the next two years to alleviate the housing situation across the country.

“MVR 1.2 million worth housing projects will be initiated across different areas in the country under the state budget,” he had said.

President Solih further detailed that 400 of the housing units within the first year of the project will be allocated for Kulhudhuffushi City.

“For your information, I also note that negotiations with a foreign party to develop an additional 1000 housing units in Kulhudhuffushi City have now been completed,” he added.

The current administration – just like any other – has undertaken various housing projects to alleviate the housing situation across the country, with focus on the Greater Male’ Area at which the housing situation is in dire need of improvement. On this note, major housing projects are currently underway at Hulhumale’ and Gulhifalhu.