The Aporia
AFP. (2026, September 21). Maldives unveils $20 billion UAE investment. The Hindu. https://www.thehindu.com/news/international/maldives-unveils-20-billion-uae-investment/article71492982.ece
AFP. “Maldives unveils $20 billion UAE investment.” The Hindu, 21 Sept. 2026, https://www.thehindu.com/news/international/maldives-unveils-20-billion-uae-investment/article71492982.ece.
AFP. “Maldives unveils $20 billion UAE investment.” The Hindu, September 21, 2026. https://www.thehindu.com/news/international/maldives-unveils-20-billion-uae-investment/article71492982.ece.
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On September 21, 2026, the Maldivian government announced that it had approved a $20 billion investment by UAE firm Eagle Hills to build a marina, homes, and hotels on reclaimed land near Male, the capital city. The project covers 500 hectares in Ras Male and is expected to create over 54,000 jobs, directly and indirectly. This initiative comes after last year's $8.8 billion investment agreement with another UAE company that has yet to commence. Maldives President Mohamed Muizzu aims to construct mega-structures on reclaimed high ground to address rising sea levels due to global warming. The project will be run through Eagle Hills, a firm closely tied to Abu Dhabi’s ruling family, and may involve investments from Dubai-based Emaar as well.