Finance Ministry purchases MVR 94.5M land plot

1 day ago

The Ministry of Finance and Public Enterprises has acquired a large plot of land in Hulhumalé, previously owned by the Housing Development Corporation (HDC), for MVR 94.5 million. The Hulhumalé Division of the Civil Court has ruled that the transaction is valid under both Islamic Shariah and Maldivian law. Finance Ministry acquired Hulhumalé Lot No. 11516, which covers an area of 25,011.43