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Monday 09 Nov 2026
LOCAL EDITION
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LOCAL EDITION
President Dr. Mohamed Muizzu speaks at a press conference on November 9, 2026. (Photo/President's Office)
President Dr. Mohamed Muizzu said on Monday that he will not hold a referendum on USD 20 billion waterfront and marina project in Rasmale’ as is being demanded by the opposition.
On September 21, Abu Dhabi-based real estate giant Eagle Hills signed a commercial terms agreement or letter of intent for a mega project to develop a new integrated island destination in Rasmale’, including international hotels and resorts, premium and branded residences, a world-class marina, waterfront promenades, restaurants, shops, leisure and wellness centers.
However, the opposition, including the main opposition Maldivian Democratic Party (MDP), has expressed concerns over the project, demanding the government to publicly disclose all details of its agreement with Eagle Hills.
The MDP’s national council also recently passed a resolution demanding a public referendum on the project.
At a press conference on Monday morning, President Muizzu was asked whether he plans to hold a referendum on the project.
He responded that he will not.
“This is not something we will be holding a referendum over. This bill clearly declares the rights of Maldivian citizens. The independence and sovereignty of the state, our laws and everything is reflected directly in the law,” said President Muizzu, referring to the real estate bill submitted to the Parliament to pave the path for the Rasmale’ project.
President Muizzu said that the bill offers full protection of the rights of Maldivian citizens “for generations to come.”
The remarks come after the MDP national council passed a resolution on November 1, pushing for a referendum on the project.
The party also decided it will partner with other political parties and organizations to launch mass protests if the government refuses to hold a referendum.
The unanimous vote contradicts the stand of the party’s chairperson, former Maldivian president Mohamed Nasheed, who has declared his full support for the project.
