President Muizzu dismisses opposition claims of secret Rasmalé agreement, outlines housing plans

President Dr. Mohamed Muizzu on Monday dismissed opposition claims that an agreement related to the Rasmalé project would be signed in secret on November 11, calling such assertions baseless and describing opposition figures as living in an "imaginary world." Speaking at a press conference, the President said that 5,000 housing units will be built on vacant land in Hulhumalé as part of the Rasmalé project, but only after the Real Estate Bill currently submitted to the People's Majlis is passed into law. He expressed hope that work on the bill would be completed during the current parliamentary term. "I have noticed that opposition figures are saying they will sign an agreement in secret on November 11. They are telling such stories. This is not true at all. There has been no consultation among us whatsoever regarding this. Nor has a specific date like November 11 been set for signing. Therefore, opposition figures are living in such fantasies," President Muizzu said. He emphasised that the government is "with the people in the real world." The President noted that investments in Rasmalé will proceed in connection with previously built housing units in Hulhumalé. He also mentioned that work on approximately 4,000 units under BML's affordable housing scheme in Hulhumalé and Vilimalé is ongoing, and contracts have been awarded for another 1,000 units. Additionally, President Muizzu said that more housing units will be built in the Malé region through external bilateral funds, with work already underway. He highlighted that BML Finance alone has contracted work for approximately 1,300 housing units across 13 islands in other regions of the country.