Government purchases land plots worth MVR 428 million

The land allocated for the Diplomatic Enclave in Hulhumalé | Photo: Mihaaru

Malé, Maldives — The Maldivian government has purchased land plots worth MVR 428 million for Maldives’ Diplomatic Enclave.

The land plots were bought from the reclaimed suburb of Hulhumale’, measuring approximately 199,000 square feet. The land plots were purchased from the Housing Development Corporation (HDC) and are to be built as embassies.

After the Ministry of Finance made the required payments to HDC, the Civil Court of the Hulhumale’ division ruled that the ownership of the property was transferred to the government.

The plots from the Diplomatic Enclave are allocated under a ‘reciprocity’ policy according to the Foreign Ministry. These land plots are only to the countries that released plots from within their territory to establish Maldivian consulates.

At present, lands from the enclave have only been granted to India, Pakistan, Sri Lanka, Bangladesh, China and the United Arab Emirates (UAE).

Under the 2020 State budget, over a billion local currency is allocated for the establishment of embassies.