Business & Infrastructure
Rasmalé’s legal route becomes the new fault line

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Attorney General (AG) Ahmed Usham announced today that the government has decided to draft new legislation to facilitate the Rasmalé project, as current laws do not permit the development to proceed under its proposed terms
Photograph: Adhadhu / File
The Rasmalé waterfront and marina project still has legal steps ahead before work can begin, Attorney General Ahmed Usham said. He described the Eagle Hills document as commercial terms rather than a final project agreement, and said a proposed real-estate law and further agreements would need People’s Majlis approval. The proposed arrangement covers 500 hectares on a 99-year lease. PSM’s account foregrounds the Attorney General’s assurance that the government will act within the Constitution and law.
Former economic minister Fayyaz Ismail accepts the case for foreign investment but argues that the agreement, land valuation, tax treatment and risk guarantees should be disclosed to Parliament and the public. That is the central political divide in the coverage: official accounts stress a staged legal process and continued state ownership, while opposition voices make transparency and fair value the test of legitimacy. No outlet examined here establishes that a final law has been passed; the stated plan remains prospective.


