Politicians Criticize Rasmalé Waterfront Deal in Maldives

Adam Azim and Abdulla Yameen criticized the Rasmalé waterfront and marina deal. Muizzu rejected the criticism, stating that the 99-year lease with UAE-based Eagle Hills does not constitute foreign land ownership or compromise public housing pledges. The government stated that 600 hectares remain allocated for public housing plots, and the reclamation, which is 70 percent complete, is expected to finish by the end of the year.

The waterfront deal involves a major 99-year lease and large-scale reclamation, making it a significant infrastructure project for the Maldives. The criticism from prominent figures like Adam Azim and Abdulla Yameen raises questions about regulatory stability for large-scale development in the country.