Male’ City Council has announced an ambitious mid-term financial strategy, outlining development projects valued at approximately MVR 1.5 billion. The initiative, revealed as part of the council’s broader Development Plan, aims to transform urban infrastructure while ensuring fiscal sustainability through strategic private-sector partnerships.

The proposed projects encompass a wide range of essential urban facilities, including modern parking structures, social housing units, transport terminals, and public parks. Additionally, the plan includes the construction of commercial buildings designed to stimulate local economic growth and diversify the city’s utility offerings.

To support these ventures, the Council intends to implement a standardized base rate framework for the leasing of council-owned land and properties. This move is part of a larger strategy to bolster internal revenue. Furthermore, the council will establish a dedicated reserve fund to invest in income-generating projects, ensuring a consistent and sustainable financial future for the municipality.

In a bid to reduce operational overheads, the Council has also committed to investing in renewable energy solutions. By transitioning to sustainable power sources, the council expects to significantly lower its electricity expenditure, allowing more resources to be redirected toward community development and public services.