Fayyaz Says Hankede Halt Meant to Undermine Addu’s Self-Sufficiency

Opposition leader Fayyaz Ismail accused the Muizzu government of deliberately halting the Hankede Integrated Tourism Project in Addu City to prevent regional self-sufficiency. Fayyaz, who led the project as Economic Minister under the Solih administration, said the project stalled due to debt restructuring. The previous government guaranteed US$400 million investment for Addu City. The current administration suspended the project, calling it a setback. The government plans to convert Hankede into a halal tourism destination, but the opposition says the integrated model cannot be replaced. The US$142.9 million loan from Bank of China to MFMC for the project has been delayed. Home Minister Ali Ihsan inaugurated the project earlier this year, but no work has begun. The Tourism Ministry has not clarified the status of the previous project.

Opposition leader Fayyaz Ismail accused the Muizzu government of deliberately halting the Hankede Integrated Tourism Project in Addu City to prevent regional self-sufficiency. Fayyaz, who led the project as Economic Minister under the Solih administration, said the project stalled due to debt restructuring. The previous government guaranteed US$400 million investment for Addu City. The current administration suspended the project, calling it a setback. The government plans to convert Hankede into a halal tourism destination, but the opposition says the integrated model cannot be replaced. The US$142.9 million loan from Bank of China to MFMC for the project has been delayed. Home Minister Ali Ihsan inaugurated the project earlier this year, but no work has begun. The Tourism Ministry has not clarified the status of the previous project.

Opposition leader Fayyaz Ismail accused the Muizzu government of deliberately halting the Hankede Integrated Tourism Project in Addu City to prevent regional self-sufficiency. Fayyaz, who led the project as Economic Minister under the Solih administration, said the project stalled due to debt restructuring. The previous government guaranteed US$400 million investment for Addu City. The current administration suspended the project, calling it a setback. The government plans to convert Hankede into a halal tourism destination, but the opposition says the integrated model cannot be replaced. The US$142.9 million loan from Bank of China to MFMC for the project has been delayed. Home Minister Ali Ihsan inaugurated the project earlier this year, but no work has begun. The Tourism Ministry has not clarified the status of the previous project.

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