HOUSING DEVELOPMENT CORPORATION Investors Presentation
3 Strategic location also supported by GOM's plans ☑
to develop the Greater Malé Industrial Zone
Map of Maldives (1)
Legend
Capital
• Major cities
Kulhudhuffushi
Population: 8.4k
Yacht Marina & Cruise Terminal
One of its kind in Maldives, with the capacity
to handle world's largest cruise ships. Yacht
Marina will include 300 berthing facilities for
private yachts
Tourism Island
HOUSING
DEVELOPMENT
CORPORATION
Mega hotels, resort condominiums and
serviced apartments of different scales
Malé
Population: 154k
Hulhumalé
Fifth Power Development Project
New power plant will have the capacity to
generate 50MW of power to Malé, Hulhulé
and Hulhumalé, via the Sinamalé Bridge
Airport upgrade and expansion
US$800m project since 2015 to expand and
upgrade the airport which would involve building
a brand new runway and a seaplane terminal
Velana
International
Airport
Warehouses
Thilafushi
Gulhi Falhu
Relocation of
harbor
Male'
Hulhule-Male Ferry
Midhili Magu
Sinamalé Bridge
Knowledge
and IT parks,
CBD
Hub for
regional/global
ICT firms
Academic
District
Industrial
Zone
Thinadhoo
Population: 5.2k
Addu City
Population: 17.5k
Fuvahmulah
Population: 8.5k
Development of the Greater Malé Industrial Zone
The GOM unveiled a US$488m development project in July 2019 that involves relocating the
commercial harbour from Malé to Gulifalhu as well as shifting all warehouses in the capital to Thilafushi
6.7km bridge project connecting Malé - Vilimalé Gulhifalhu Thilafushi expected to strengthen the
strategic location and accessibility for industries on the islands to potentially increase economic activity
Hulhumalé is expected to benefit greatly from the further development of the Greater Malé
Industrial Zone
Source: Maldives Bureau of Statistics, The Edition, Company information.
(1)
Population figures based off 2014 census.
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