Government Seeks Consultant for 20-Year Rasmalé Master Plan

The government has begun the process of finding a party to provide consultancy services for preparing the Rasmalé Master Plan. The Ministry of Construction, Housing and Infrastructure announced that bids are now open for interested parties. Parties meeting the requirements have been asked to submit the information needed to prepare bids before 12:00 on the 16th of this month. The ministry said there will be no separate information meeting before the bid. Bid submission will take place at the Ministry of Construction, Housing and Infrastructure at 09:00 on the 2nd of December next month. The Rasmalé project is described as the biggest vision of President Dr. Mohamed Muizzu to bring a solution to the housing problem of the Malé region. A total of 1,000 hectares of land are being reclaimed to develop Rasmalé. While reclamation work is proceeding strongly, Rasmalé is already the largest island in the country by land area. The long-term vision is to provide housing opportunities for 200,000 housing units within 20 years from that land. Rasmalé is an environmentally friendly project that has been decided to be run with great regard for the country's climate and environment. It has also been decided to supply electricity to Rasmalé using renewable energy sources, and to establish facilities so that the risks of environmental problems are reduced. Of the land of Rasmalé, 500 hectares will be developed as an integrated real estate zone. A commercial term sheet has now been signed to reach an agreement with Eagle Hills company of Abu Dhabi, United Arab Emirates, to do this work, and discussions related to the agreement are ongoing. To bring the legal framework needed for this project, the Real Estate Business Bill has been submitted to the People's Majlis.