The Hulhumale’ Island Project inaugurates officially on Thursday.
Housing Development Corporation (HDC) Managing Director Fazul Rasheed, while speaking at the inauguration ceremony, said the large-scale initiative with the funding from Saudi Fund for Development (SFD) will transform the suburban town.
The initiative is poised to facilitate for Male’ Area residents and businesses to reach “another level”. The project encompasses connecting the Urban Isle and Hulhumale’ via a bridge. The Hulhumale’ Island Project will also serve as a path to expand urbanization efforts.
SDF will provide a grant of MVR 2.3 billion for the large-scale initiative, which is on top of the MVR 3 billion extended as cash injection for the expansion of the Velana International Airport (VIA).