Eagle Hills has submitted a proposal for the waterfront and marina components of the Ras Malé project, the government has confirmed.
The submission covers key elements of the large-scale development that has been the subject of extensive discussion and previous agreements. Officials said the proposal is under review as part of ongoing work on the project.
Ras Malé has drawn significant attention over land tenure arrangements, transparency and the scale of foreign involvement. Earlier reports indicated efforts to finalise broader agreements, with various stakeholders raising questions about the terms.
The government has previously stated that the project remains a priority for housing and economic development. Further details on the specific contents of the new waterfront and marina proposal have not been released publicly.
Discussions on the overall framework continue, with calls from some quarters for greater disclosure of deal terms.