UAE Firm Secures Contract for Management of Yet-to-Be-Developed Hankede Resort

A Dubai-based company, Times Hotels and Conduit House, has secured a contract to manage hotels at the yet-to-be-developed Hankede integrated tourism resort in Addu City. Maldives Fund Management Corporation (MFMC) announced the agreement on X, following signing at the Future Hospitality Summit in Dubai. However, development progress is stagnant, with only land clearance completed; reasons for the delay are undisclosed. The previous government awarded the construction contract to China National Electrical Engineering Company, financed by a $142.9 million loan from the Bank of China. The project, once completed, is expected to include over 1,000 rooms, hotels, villas, and recreational facilities. The Maldivian Democratic Party (MDP) has expressed concerns over delays.

A Dubai-based company, Times Hotels and Conduit House, has secured a contract to manage hotels at the yet-to-be-developed Hankede integrated tourism resort in Addu City. Maldives Fund Management Corporation (MFMC) announced the agreement on X, following signing at the Future Hospitality Summit in Dubai. However, development progress is stagnant, with only land clearance completed; reasons for the delay are undisclosed. The previous government awarded the construction contract to China National Electrical Engineering Company, financed by a $142.9 million loan from the Bank of China. The project, once completed, is expected to include over 1,000 rooms, hotels, villas, and recreational facilities. The Maldivian Democratic Party (MDP) has expressed concerns over delays.

A Dubai-based company, Times Hotels and Conduit House, has secured a contract to manage hotels at the yet-to-be-developed Hankede integrated tourism resort in Addu City. Maldives Fund Management Corporation (MFMC) announced the agreement on X, following signing at the Future Hospitality Summit in Dubai. However, development progress is stagnant, with only land clearance completed; reasons for the delay are undisclosed. The previous government awarded the construction contract to China National Electrical Engineering Company, financed by a $142.9 million loan from the Bank of China. The project, once completed, is expected to include over 1,000 rooms, hotels, villas, and recreational facilities. The Maldivian Democratic Party (MDP) has expressed concerns over delays.

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