According to the Maldives Fund Management Corporation (MFMC), the Hankede Integrated Tourism Development Project will feature a wide array of real estate establishments.
While the groundbreaking ceremony for the project was held by MFMC on Monday, the physical works were officially inaugurated by the Minister of Homeland Security and Technology Ali Ihusan.
The first-of-its-kind tourism initiative in the Maldives, Hankede will reportedly feature multiple types of real estate establishments ranging from 2 grand hotels, 2 deluxe hotels, 10 boutique hotels, 4 guesthouses, 64 serviced apartments, and 17 beach villas.
This Addu City integrated tourism project will also feature other support structures which include a knowledge center, mixed sports building, outdoor beach sports, theaters along with amenities ranging from a shopping block, food courts, and high-end restaurants.
Back on March 23, 2023, MFMC signed an Engineering, Procurement, and Construction (EPC) contract worth USD 142.9 million with the China National Electric Engineering Company (CNEEC) to commence the project.