China to Finance 500 Social Housing Units in Male’ Under Interest-Free Facility
Maldives china hold talks on 500 housing units | Photo: Ministry of Infrastructure
The Maldives and China have held discussions on developing 500 social housing units in Male’ City, with the project set to be financed through an interest-free facility provided by China.
The agreement was formalised through the signing of meeting minutes on the sidelines of the 3rd High-Level Conference on Global Action for Shared Development, held in Beijing from Tuesday to Wednesday.
advertisement
According to the Ministry of Housing, Land and Urban Development, the project aims to support the development of social housing in Male’ as part of ongoing efforts to address housing needs in the capital.
The minutes of the meeting were signed by Minister of State for Housing, Ibrahim Thoaam Mohamed, and Vice Chairman of the China International Development Cooperation Agency (CIDCA), Liu Junfeng.
Maldivian officials also held a bilateral meeting with CIDCA during the visit to discuss grant aid projects, reaffirming both countries’ commitment to strengthening development cooperation.
