PNF asks President to release all documents on Eagle Hills’ 500-hectare Rasmale' agreement

The People’s National Front (PNF) has sent a letter to President Dr Mohamed Muizzu requesting the disclosure of all official documents related to the agreement to grant the K. Fushidhiggaru lagoon (Rasmale') to Abu Dhabi’s Eagle Hills Company, a project for which state funds are being used.

In the letter, the PNF reminded President Muizzu that he had previously stated he would not rent, sell, or otherwise give even “a grain of sand” from Rasmale' to any foreign party. The party said this commitment stands in stark contrast to the government’s decision to allocate 500 hectares of land to Eagle Hills under a USD 20 billion project.

The PNF noted that the government has not disclosed the actual capital commitment, financing structure, or the precise terms under which the land is being granted. They said the public has not been informed of the real obligations the state has undertaken.

The letter asks the government to provide clear answers to 15 key questions related to the transaction and to disclose all relevant documents. These include how the transaction began, whether it was submitted to and deliberated by the Cabinet and the Economic Council, and whether due diligence was conducted on Eagle Hills.

The PNF also asked for the price and duration of the 500-hectare allocation, the terms of any extensions, and whether the land can be transferred or owned by other parties. The party further asked whether the agreement contains any clause preventing participation by Israelis or Zionists.

The letter seeks details of projected state revenue from the project and whether any payments have been received so far. It also questions how the rights of foreigners purchasing property in Rasmale' will be protected, which country will have jurisdiction in the event of a dispute, and why parliamentary approval was not obtained.

The PNF additionally asked how previous agreements related to the lagoon may affect the project, and whether any documents related to Rasmale' have been lost or misplaced by government institutions.

The party requested disclosure of the financial burdens the transaction places on the state and the government’s plans to mitigate them, as well as the measures taken to prevent corruption. They also asked for the total expenditure incurred by the state to reclaim the lagoon.

The letter further seeks information on any additional agreements to be signed, and on constitutional or legislative amendments required for the project to proceed. The PNF said the transaction must be made fully transparent, as they believe it poses risks to the independence and sovereignty of the Maldives.