HOUSING DEVELOPMENT CORPORATION Investors Presentation
Overview of HDC
HOUSING
DEVELOPMENT
CORPORATION
Housing Development Corporation Limited ("HDC") overview
Largest state owned enterprise ("SOE") in the Maldives
✓ by assets and serves as the master developer, builder,
and regulator to foster the development of the Greater Malé
region
Master developer: HDC is the master developer,
builder and regulator for the development of Hulhumalé
(combined 428 hectares for Phases 1 and 2),
Thilafushi, and Gulhifalhu
HDC manages the development of Hulhumalé and nearby islands
Gulhifalhu
Thilafushi
Builder: Investing in infrastructure necessary for
quality living and business prosperity
Hulhumalé
(Phase II)
Hulhumalé
(Phase I)
Hulhumale
Regulator: Oversees detailed planning, architectural
guidelines and building regulations
Initially established in 2001 to undertake the Hulhumalé
development project, with housing, real estate, and
infrastructure added to its mandate in 2009
Maldives merged Greater Malé' Industrial Zone Ltd ("GMIZL")
into HDC in September 2009, adding the development and
management of the nearby islands of Gulhifalhu and
Thilafushi into HDC's overall mandate
G thi Faihu
Malé
Hulhumalé Mini
Mall Project
Capital)
Velana
International
Airport
Sinamalé
Bridge
Neighborhood 3
School
Being a wholly owned SOE that plays a critical role in the
development of Maldives, HDC has obtained the same
credit rating (B3 negative rating from Moody's) as the
Government of Maldives in March 2021
N3 Commercial
Block Project
Phase I Central
Park
HDC is a strategically important state-owned enterprise that enjoys strong government support and is critical
to meeting the existing and future housing, industrial and commercial development needs of Maldives
Source: Company information.
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