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.
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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).
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