Rasmalé Project to Create 50,000 Jobs Amid Claims of Political Stability

The Maldives has established a new era of political stability where citizens are no longer penalized for protesting, according to Ahmed Mahloof, the Ambassador to Japan. Speaking on PSM News’ 'Raajje Miadhu' programme, Ambassador Mahloof asserted that the current administration has successfully managed political volatility, fostering a climate of cross-party engagement that differs sharply from previous governments. Central to the current political discourse is the 'Maldives Waterfront and Marina at Rasmalé,' a massive development project valued at USD 20 billion. The Ambassador cautioned that efforts to portray the initiative as a national danger are ill-intentioned attempts by opposition figures to mislead the public for political gain. He noted that critics have failed to provide evidence for their assertions, suggesting their resistance is driven by the project's potential to boost President Dr. Mohamed Muizzu’s electoral prospects rather than technical flaws. The development, executed through an agreement with Abu Dhabi-based developer Eagle Hills on September 21, will cover 500 hectares. As an immediate priority, a USD 500 million housing project consisting of 5,000 units—valued at approximately MVR 7.7 billion—will proceed. President Muizzu has previously assured the public that land allocations promised to citizens will remain intact. Beyond infrastructure, Ambassador Mahloof emphasized the tangible economic impact of the project, stating it will generate approximately 50,000 new job opportunities and stimulate significant commercial growth for ordinary citizens. He dismissed opposition rhetoric as baseless and devoid of truth. Closing his remarks, the Ambassador highlighted the shift in human rights practices, noting that no individuals are currently being detained on political grounds. He contrasted this with previous eras when hundreds of demonstrators were jailed simultaneously, claiming the administration has fulfilled its inaugural commitments to protect democratic freedoms.