Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    Thilafushi Port Relocation Identified as Government’s Top Economic Project

    August 15, 2026

    Youth Expo Showcases More Than 50 Youth-Led Businesses in Hulhumalé

    August 15, 2026

    Education Ministry Cautions Against Online Learning Restrictions, Citing Wider Access to Higher Education

    August 15, 2026
    Facebook X (Twitter) Instagram
    Saturday, August 15
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      Thilafushi Port Relocation Identified as Government’s Top Economic Project

      August 15, 2026

      Youth Expo Showcases More Than 50 Youth-Led Businesses in Hulhumalé

      August 15, 2026

      Education Ministry Cautions Against Online Learning Restrictions, Citing Wider Access to Higher Education

      August 15, 2026

      Protecting Traditional Maldivian Skills in a Digital Generation

      August 15, 2026

      Rising Heat in the Maldives: A Climate Challenge We Can No Longer Ignore

      August 15, 2026
    • BUSINESS

      Thilafushi Port Relocation Identified as Government’s Top Economic Project

      August 15, 2026

      Youth Expo Showcases More Than 50 Youth-Led Businesses in Hulhumalé

      August 15, 2026

      MMA Tightens Foreign Exchange Rules, Resorts to Exchange 20% of Dollar Revenue

      August 12, 2026

      Waqf Fund Receives Over USD 194,000 Through Online Contributions

      August 12, 2026

      China Retains Top Spot in Maldives Tourism Arrivals With Over 230,000 Visitors

      August 9, 2026
    • FINANCE
    • OPINION
    • TRAVEL & TOURISM
    • PUBLIC SECTOR
    • LIFE STYLE
    Maldives Business TimesMaldives Business Times
    Home » Maldives President Oversees Launch of Major Affordable Housing Development

    Maldives President Oversees Launch of Major Affordable Housing Development

    March 22, 20261 Min Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    President Dr. Mohamed Muizzu made a personal visit to the China Machinery Engineering Corporation (CMEC) construction site in Hulhumalé Phase II to review preparations for the newly launched “Affordable Housing” project.

    The site inspection came a day after the President attended the project’s official foundation stone-laying ceremony. The initiative forms a central part of the government’s broader housing agenda and will see 1,224 residential units built across Hulhumalé, with financing provided by the Bank of Maldives (BML).

    At the site, CMEC officials walked with President through the technical groundwork and mobilization efforts already underway ahead of construction beginning in earnest. President Muizzu pressed company leadership to maintain momentum and ensure there are no delays in the project’s execution.

    CMEC executives, in turn, gave assurances that work would be delivered on schedule.

    The President was joined on the visit by several cabinet ministers, senior BML representatives in their capacity as project financier, top officials from CMEC, and the heads of a number of relevant state enterprises.

    The affordable housing project is expected to address a longstanding demand for accessible residential accommodation in the Maldives, with Hulhumalé Phase II serving as the country’s primary urban expansion zone.

    Related Posts

    BUSINESS

    Thilafushi Port Relocation Identified as Government’s Top Economic Project

    August 15, 2026
    BUSINESS

    Youth Expo Showcases More Than 50 Youth-Led Businesses in Hulhumalé

    August 15, 2026
    Education

    Education Ministry Cautions Against Online Learning Restrictions, Citing Wider Access to Higher Education

    August 15, 2026
    Leave A Reply Cancel Reply

    Don't Miss
    BUSINESS

    Youth Expo Showcases More Than 50 Youth-Led Businesses in Hulhumalé

    August 15, 2026

    More than 50 youth-led businesses and food ventures participated in the Youth Expo held at…

    Education Ministry Cautions Against Online Learning Restrictions, Citing Wider Access to Higher Education

    August 15, 2026

    Protecting Traditional Maldivian Skills in a Digital Generation

    August 15, 2026
    Demo
    Facebook X (Twitter) Instagram LinkedIn Telegram
    • Home
    • BUSINESS
    • PUBLIC SECTOR
    • TRAVEL & TOURISM
    © 2026 Maldives Business Times. by hyvemedia.

    Type above and press Enter to search. Press Esc to cancel.