One of the main points of interest is the Maitreya (future Buddha) Temple erected to commemorate visit of the 14th Dalai Lama to this monastery in 1970. It contains a 15 metres (49 ft) high statue of Maitreya Buddha, the largest such statue in Ladakh, covering two storeys of the building.[4] He is unusually portrayed as seated in the lotus position rather than his usual representations as standing or in a sitting posture on a high throne. It is the largest Buddha statue in the monastery, and took four years to build. It was made by the local artists under the master Nawang Tsering of the Central Institute of Buddhist Studies (Leh) - in clay, gold paint and copper
The Shey Monastery or Gompa and the Shey Palace complex are structures located on a hillock in Shey, 15 kilometres (9.3 mi) to the south of Leh in Ladakh, northern India on the Leh-Manali road. Shey was the summer capital of Ladakh in the past. The palace, mostly in ruins now, was built first in 1655, near Shey village, by the king of Ladakh, Deldan Namgyal, also known as Lhachen Palgyigon. It was used as a summer retreat by the kings of Ladakh. The Shey Monastery was also built in 1655 on the instructions of Deldon Namgyal, in the memory of his late father, Singay Namgyal, within the palace complex. The monastery is noted for its giant copper with gilded gold statue of a seated Shakyamuni Buddha. Shakyamuni Buddha is so named since Buddha was the sage (muni) of the Sakya people who resided in the Himalayan foothills and their capital was Kapilvastu. It is said to be the second largest such statue in Ladakh.