FDC to Launch Major Housing Initiative in Greater Malé

Fahi Dhiriulhun Corporation (FDC) announced plans to build 13,000 housing units in Greater Malé to address the housing crisis. Managing Director Hamdhan Shakeel said FDC signed a framework agreement with three international banks for financing and a separate agreement with a Sri Lankan company for 3,000 social housing units. FDC also partnered with two other foreign companies for 10,000 units. Meanwhile, FDC is working on 4,000 units in Hulhumalé Phase II, aiming for completion by next year, and has resolved USD 1.2 million in outstanding payments. President Mohamed Muizzu has prioritized housing, with the 2025 budget allocating the largest share to housing.

Fahi Dhiriulhun Corporation (FDC) announced plans to build 13,000 housing units in Greater Malé to address the housing crisis. Managing Director Hamdhan Shakeel said FDC signed a framework agreement with three international banks for financing and a separate agreement with a Sri Lankan company for 3,000 social housing units. FDC also partnered with two other foreign companies for 10,000 units. Meanwhile, FDC is working on 4,000 units in Hulhumalé Phase II, aiming for completion by next year, and has resolved USD 1.2 million in outstanding payments. President Mohamed Muizzu has prioritized housing, with the 2025 budget allocating the largest share to housing.

Fahi Dhiriulhun Corporation (FDC) announced plans to build 13,000 housing units in Greater Malé to address the housing crisis. Managing Director Hamdhan Shakeel said FDC signed a framework agreement with three international banks for financing and a separate agreement with a Sri Lankan company for 3,000 social housing units. FDC also partnered with two other foreign companies for 10,000 units. Meanwhile, FDC is working on 4,000 units in Hulhumalé Phase II, aiming for completion by next year, and has resolved USD 1.2 million in outstanding payments. President Mohamed Muizzu has prioritized housing, with the 2025 budget allocating the largest share to housing.

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