On 11

th

February Bison Maldives and Dutch Docklands Maldives signed a contract regarding the construction of the first homes to be built in Maldives Floating City. The agreement is to develop 5,000 homes that will be constructed in an extensive lagoon which will be a 5-minute speedboat ride from Male’, this project is called the 5 Lagoons Project.

After Ramadan the first few residences will be completed, and the visitors will be able to take a tour of the first houses. In order to deliver a safe and comfortable place, the 5,000 floating houses will be connected to each other and tied down to the lagoon floor securely. The dwellings are being built locally following the standards that are provided by the Dutch engineers.

Bison Maldives is a significant resort development firm situated in the Maldives and has over two decades of building expertise and has created luxury resorts such as Cocoon Maldives, You & Me by Cocoon, and properties for the Atmosphere group.

"Bison Maldives is happy to be part of this ground-breaking housing project, and we look forward to delivering the first residences on schedule," stated Abdul Majeed, Founder and Managing Director of Bison.

Maldives Floating City director Ibrahim Riyaz commented on the contract signing, saying, "We are pleased to begin the physical building of Maldives Floating City, following months of arduous legal and technical work to prepare for this world class and inexpensive housing complex." I'm excited to take members of the public to the first residences to view the project for themselves. "Seeing is believing in such an inventive development."