The government announced the purchase of land plots, worth MVR 428 million, in the reclaimed suburb of Hulhumale', for Maldives' Diplomatic Enclave.
Measuring 199,000 square feet, the plot was purchased from the Housing Development Corporation (HDC) and is to be set aside for the establishment of embassies.
The Hulhumale' division of the Civil Court ruled that ownership of the property was transferred to the government after the Ministry of Finance made the required payments to HDC.
According to the foreign ministry, plots from the Diplomatic Enclave are allocated under a 'reciprocity' policy, only to the countries that released land plots from within their territory to establish Maldivian consulates.
The government has so far granted land from the enclave to India, Pakistan, Sri Lanka, Bangladesh, China and the United Arab Emirates (UAE).
The Diplomatic Enclave is located in the second phase of Hulhumale' to alleviate congestion in capital Male' and to conveniently facilitate security measures for embassies located within close proximity to each other.
Over MVR 1 billion is allocated for the establishment of embassies under the 2020 State Budget.