HARIM (Hotels and Resorts Investment Maldives) and Meyer Floating Solutions have joined forces to create a groundbreaking development of floating water villas in K.Villivaru, marking a significant milestone for the resort and luxury real estate market in the Maldives.

A ceremony held at Kurumba Maldives served as the platform for the official signing of the collaboration agreement between HARIM Chairman Mohammed Ali Janah and Meyer Floating Solutions Director Mikko Lahtonen. The partnership aims to construct a series of floating water villas at various locations across the Maldives, revolutionizing the concept of luxury living in the country.

The initial phase of this ambitious project will involve the construction of 13 exquisite over-water villas in Villivaru, situated in the South Male’ Atoll. These villas will be built utilizing state-of-the-art technology, specifically 6F printing, which is expected to redefine the standards of luxury in the Maldives.

Chairman Mohammed Ali Janah expressed his excitement during his speech at the ceremony, emphasizing the potential of this venture to revolutionize the construction industry and elevate the luxury real estate sector in the Maldives. He also highlighted the innovative financing approach, with plans to secure funding from the European Investment Bank to facilitate the sale of these exclusive villas.

Mikko Lahtonen, Partner and Director of MEA Meyer Floating Solutions, shared his vision for the project, aiming to establish a new benchmark for quality in water-based real estate development. Recognizing the Maldives’ leadership in the hospitality sector, Lahtonen expressed the commitment to enhancing the country’s reputation by offering sustainable, high-quality construction solutions.

Dr. Abdulla Mausoom, Minister of Tourism, echoed the sentiments of Minister Aslam, emphasizing the necessity of adapting the construction industry to the challenges posed by climate change. He expressed enthusiasm for this groundbreaking project and its potential to revolutionize the construction and real estate sectors.

Mohammed Aslam, Minister of National Planning, Housing, and Infrastructure, expressed the government’s eagerness to embrace innovative ideas. He assured full support and cooperation from the government to ensure the success of this project. While speculation about a floating city in the Maldives has been ongoing for some time, the signing of this agreement has renewed hope that this ambitious endeavor will soon become a reality.

The designated location for the project, the Villivaru Island Resort & Spa, conveniently sits just a 30-minute boat ride away from the Velana International Airport. The establishment of this resort and the introduction of the floating water villas are expected to attract tourists seeking a unique and luxurious experience in the Maldives.