The Cabinet has today decided to sell 50,000 sq ft of land from the South West Harbour Area of Male’.
After discussing matter of South West Harbour Area land development, the Cabinet decided to sell five plots of 2000 sq ft, three plots of 5000 sq ft, two plots of 7500 sq ft, and one plot of 10,000 sq ft to the highest bidders on tender basis.
Proceeds from the sale of this land will be used to finance the development of entire harbour area, and build multi-purpose buildings to lease.
At today’s meeting, the Cabinet also decided to submit the extended continental shelf of the Maldives to the United Nations. After deliberating on the matter, members decided to make a claim at UN for an extended continental shelf if the continental shelf extended more than 200 nautical miles from the archipelagic baseline of the Maldives.
