Maldivians will witness golden era of housing, president says
Despite budget constraints this year, the president assured that his government has successfully completed 38 development projects.
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President Mohamed Muizzu has assured that Maldivians will soon witness a golden era of housing, emphasising that the Government is prioritising this sector.
He made these remarks during his address at the official Republic Day ceremony at Dharubaaruge Sunday evening.
The president confirmed that his government will not delay housing initiatives until election time, with the first budget prepared by this administration being entirely dedicated to housing.
He noted that, for the first time in the country’s history, a significant MVR 1.5 billion has been allocated for housing construction.
In addition, he announced that starting next year, MVR 1 billion will be allocated annually for housing loans. The government aims to provide housing for all citizens by the end of the current term.
The president also highlighted the importance of infrastructure and construction, stating that his administration has prioritised the renovation of government buildings and mosques.
He pointed out that progress has been made on stalled projects, such as Velana International Airport and the Thilamale Bridge, due to the government’s efforts.
Despite budget constraints this year, the president assured that his government has successfully completed 38 development projects, with an additional 26 projects currently in progress.
