Maldives signs pact for high-end housing projects in SEZs with Henley & Partners
The agreement was signed during the Maldives Investment Forum held in Singapore on Monday.
The Government of Maldives has signed a service agreement with Henley & Partners to implement high-end housing projects within Special Economic Zones (SEZs).
The agreement was signed during the Maldives Investment Forum held in Singapore on Monday.
The agreement, titled Service Agreement for a Residence by Investment Programme, was signed by Economic Minister Mohamed Saeed on behalf of the Maldivian government and Phileth Amaranti, Managing Partner for the Middle East at Henley & Partners. Specific details of the agreement have not yet been made public.
According to the Economic Ministry, the agreement is directly linked to President Mohamed Muizzu’s Vision 2040, which aims to introduce new strategies for economic development. Henley & Partners is a global firm known for its work in residence and citizenship by investment programmes.
This marks the first such project in the Maldives aimed at attracting global investors through premium residential development. The Board of Investment has mandated that sustainable townships in SEZs meet high-quality housing standards, with each project requiring a minimum investment of USD 500 million.
Project guidelines include:
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Development of luxury villas and high-end residences suitable for international residents
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Availability of world-class education and healthcare services
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Establishment of luxury resorts, hotels and marinas
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Use of at least 60 per cent sustainable energy, with infrastructure for waste management
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Implementation of modern agriculture and co-aquaculture to produce at least two crops for food security
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Provision of services and amenities for both residents and employees, including healthcare, education and recreation
The Ministry stated that the project is intended to support other sectors such as tourism, and position the Maldives as a destination for high-net-worth individuals.
During the forum, the Government of Maldives also signed a Memorandum of Understanding (MoU) with Singapore Corporation and Enterprise. The MoU was signed by Finance Minister Moosa Zameer and Deputy CEO Talian Chu of the Singaporean organisation.
