The Housing Development Corporation (HDC) and the SEAD Initiative have signed an agreement to work together on a housing development project.
Details of the specific terms were not immediately available, but the collaboration is understood to focus on expanding residential options. HDC is responsible for major housing initiatives in the Greater Male' region and other areas.
The agreement comes amid ongoing efforts to address housing demand through public-private partnerships and international collaborations. Similar initiatives have previously involved foreign partners for large-scale developments.
Further information on timelines, locations and the scale of the project is expected to be released by the parties involved.
The signing reflects continued government focus on infrastructure and housing as priorities.