Hamdhan Shakeel, the Managing Director of Fahi Dhiriulhun Corporation, has expressed deep concern over the exclusion of the Fushidhiggaru housing project from the state budget, terming it a setback for housing aspirations. The decision was made during the approval of the budget for the upcoming year by the MDP-majority Budget Committee.
The Fushidhiggaru project, heralded as the largest housing initiative under President Dr. Mohammed Muizzu’s administration, faced a deduction of MVR 400 million, originally allocated in the initial 2024 state budget. This move has sparked disappointment among those anticipating the positive impact of the housing project.
In a statement shared on social media platform X, Hamdhan Shakeel remarked that the decision by the MDP majority parliamentary committee to exclude the Fushidhiggaru project is a significant blow to the housing hopes of the people. The housing initiative aimed to address critical housing needs in the Maldives, making it a vital component of the government’s developmental agenda.
While the overall state budget for the upcoming year was estimated at MVR 49.5 billion, the committee passed a revised budget of MVR 49.8 billion, reflecting adjustments made during the approval process. As stakeholders and citizens express concerns over the exclusion of the Fushidhiggaru project, attention turns to the implications for housing development and the government’s commitment to addressing the housing crisis.