President Abdullah Yameen Abdul Qayyoom has said that he hoped that a total of 13,524 flats will be completed within the next two years.
He made the statement speaking to the Parliament in his annual State of the nation address.
The President said that the flats built in the ‘Gaakoshi’ area and the former ‘Arabiyya School’ plot will be completed this year, and handed over to their occupants.
He added that an additional 704 housing units being built in Hulhumalé under this Administration’s housing scheme will hopefully be completed this year and handed over to the beneficiaries, as well.
“Similarly, construction of 1,200 housing units, targeted for the middle-income and high-income brackets, has been initiated by private companies. By the grace of God, we will be able to commence work on 10,120 housing units in Hulhumalé Youth City this year. Apart from this, the construction of 1,500 housing units, with loan assistance from the Axim bank of China, will hopefully be completed next year,” he said.
Total of 13,524 flats will be completed within the next two years
