Company
Marine and Integrated Infrastructure Development
In the news, last 90 days
Economy
Borrowings near MVR 16.64bn as MACL takes massive loans against Hulhule’ properties
A 2025 audit report by the Auditor General's Office shows MACL's borrowings have climbed to near MVR 16.64 billion after it took loans secured against leasehold property mortgages in Hulhule' to fund airport infrastructure and reclamation work. Loans under sovereign guarantees alone exceed MVR 7 billion, while its subsidiary MIID holds MVR 1.76 billion in assets under construction and billions in liabilities.
Infrastructure
Giraavaru Falhu reclamation resumes for a third time
MACL announced that land reclamation at Giraavaru Falhu for Male' housing has resumed after a five-month hiatus, with 115 hectares, or 68.8 percent of the planned 167.15 hectares, completed. The disclosure comes amid revelations of a MVR 650.7 million government loan to MACL to cover reclamation costs, listed in the 2026 budget estimates but not in the original approved budget.
Where and about what
alphabetical, from the stories aboveFound by the name in headlines and summaries, so two people who share a name would appear together. Jobs are the words the articles used. Nothing here rates or scores anyone.