AGP Executive Report
Last update: 8 hours agoRas Malé Mega-Deal: The Maldives government signed commercial terms with Abu Dhabi’s Eagle Hills for a $20bn waterfront and marina project in Ras Malé, with the destination envisioned to welcome over 1 million visitors annually and generate more than $2bn in tourism revenue at full maturity. Housing & Finance: Eagle Hills will also develop 5,000 housing units in Hulhumalé under a contractor-financing model, with the government saying it won’t provide sovereign guarantees. Opposition Pushback: MDP leader Mohamed Nasheed argued the country needs immediate liquidity via selling state assets, saying Ras Malé won’t solve near-term debt pressures. Neonatal Care Drive: First Lady Sajidha Mohamed and Health Minister Geela Ali called for nationwide access to neonatal care, stressing that technology must be matched with trained healthcare professionals and stronger referral follow-up systems. Tax Enforcement: MIRA published 33 taxpayers with additional dues above MVR 1 million, including former FAM president Bassam Adeel Jaleel. Courts & Crime: A civil court upheld a mayor’s Hiba gift of property to his wife; meanwhile, four Indian nationals accused of drug smuggling failed to prove ownership of seized THC. Tourism Revenue: TGST collections in Q2 beat projections by 16.9%, driven by improved taxpayer filing and payment.
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