State company
Housing Development Corporation
In the news, last 90 days
Infrastructure
Hulhumale' West Side Jetty reopens after renovation works
The Hulhumale' West Side Jetty (Lakudi Jetty) reopened to the public on November 5, 2026 after months of repair and renovation works. The wooden pier had been closed on May 26 last year after sustaining damage when a barge attempted to approach it, with the closure announced by the Housing Development Corporation.
Justice
Court halts eviction of Riveli over unpaid MVR 7.8 million rent
A court halted the eviction of Riveli over unpaid rent of MVR 7.8 million. HDC issued a notice on Monday prohibiting any business activities or services on the premises.
Economy
HDC orders closure of Riveli Restaurant in Hulhumalé over MVR 5 million in unpaid rent
HDC terminated its commercial agreement with Solaris Hospitality Private Limited, operator of Riveli Beach Club & Restaurant in Hulhumalé, citing approximately MVR 5 million in unpaid rent and unfulfilled CSR commitments. The termination took effect on Monday, 2 November, returning the land at Ruggandu 1 to HDC's control.
Infrastructure
Maldives plans to develop a picnic island in every atoll
The Maldives plans to develop a picnic island in every atoll, with Zareer stating that the budget included provisions for picnic islands where families and friends could spend time together.
Where and about what
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