Paradisiacal view of Maldives

Maldivians Are Outraged Over a Rumored Deal to ‘Sell Off’ Faafu Atoll to Saudi Arabia

Saudi Arabia’s King Salman Salman bin Abdulaziz al-Saud is scheduled to visit the island nation of Maldives next month, and rumors are swirling that he will sign a landmark agreement to lease its Faafu Atoll for up to 99 years to develop a Special Economic Zone.

The details of the agreement are not yet available, but that hasn’t stopped Maldivians from protesting on social media against the supposed plan, which many have characterized as the government “selling off” national territory.

According to reports, the Saudis are interested in buying a Maldives atoll to develop a world class city for the wealthy from around the world. Their eyes are allegedly set on Faafu or Northern Nilandhe Atoll, comprising of 18 islands, five of which are inhabited by around 6,000 citizens.

Maldives President Abdulla Yameen Abdul Gayoom said in a speech to the people of Magoodhoo, one of the inhabited islands of Faafu Atoll, on January 24 that the Saudi government had a special interest in Faafu Atoll. The president also said the project would bring several hundreds of employment opportunities.

Maldives islands beach
A bright blue water comes from a beach in the Maldives. Photo: KingKurt22.

According to Maldives’ Finest, a news website focused on the country’s resorts, Saudi plans for Faafu Atoll includes building an international city with state-of-the-art amenities, including branches of the world’s top universities, medial facilities, leisure arrangements, shops and restaurants to accompany the natural beauty and beaches of the islands.

However, there are widespread rumors about the state allegedly selling off part of the atoll to the Saudis. The anti-grafts organization Transparency Maldives has called on the government to divulge its plans for Faafu Atoll.

Last September, an investigative exposé by Al Jazeera titled “Stealing Paradise” revealed instances of corruption by President Abdulla Yameen and his government. The documentary exposed 59 corrupt land lease deals in which the vice president engineered agreements with major casinos and hotel companies that leased entire islands for amounts reaching into the millions. The Maldives treasury saw only a small proportion of these revenues, while the rest — about USD $80 million worth — was distributed to corporations owned by the vice president’s relatives and friends.

The Maldives’ mainstream media is not reporting much and there is a report that journalists were given cash “gifts” at a Saudi Embassy event.

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