State company
Housing Development Corporation (HDC)
In the news, last 90 days
Tourism
Long-delayed Hulhumale' City Hotel opens as Manhattan Grand Hotel
The long-delayed Hulhumale' City Hotel reopened on 7 November 2026 as the Manhattan Grand Hotel, inaugurated by Minister of Finance Hassan Zareer. The property, originally an STO project begun in 2011, was handed over to World of Business Pvt Ltd for redevelopment into a five-star hotel.
Health
HDC showcases senior citizens programme at Health and Family Expo
The Housing Development Corporation (HDC) is showcasing its Dhulhaheyo Israhvehin programme for senior citizens at the third Health and Family Expo, which opened at Hulhumalé Central Park on Thursday and runs until Saturday evening. The expo, organised by the Ministry of Health, features more than 60 stalls and was inaugurated by President Dr Mohamed Muizzu and First Lady Sajidha Mohamed.
Infrastructure
Hulhumalé West Side Jetty reopens following repairs
The Housing Development Corporation (HDC) reopened the West Side Jetty in Hulhumalé to the public after repairs to its northern section, which was damaged when struck by a barge. Repair work began in August and HDC said efforts were made to expedite the restoration and minimise disruption.
Justice
Court suspends HDC eviction of Riveli Beach Club
The Civil Court has temporarily suspended the Housing Development Corporation's order to evict Riveli Beach Club and Restaurant in Hulhumalé, allowing the business to operate pending a final ruling. HDC says it terminated the land agreement over prolonged rental arrears, with the restaurant reportedly owing approximately MVR 5 million in rent.
Justice
Court orders no action to interrupt Riveli operations
The Civil Court has ordered Housing Development Corporation (HDC) to halt a notice terminating its agreement with Solaris Hospitality Private Limited over the plot housing Riveli Beach Club and Restaurant, and to restore operations if they were stopped. HDC says the agreement was terminated for long-overdue rent, with an official stating Solaris owes approximately MVR five million.
Justice
Interim order halting HDC’s repossession of Riveli Restaurant plot
The Civil Court on Monday issued an interim order barring the Housing Development Corporation from taking actions that could stop Riveli Beach Club and Restaurant in Hulhumalé from operating, and directing it to reverse measures already taken. On the same day, HDC announced it had terminated its commercial agreement with Solaris Hospitality Private Limited over unpaid rent and repossessed Hulhumalé Lot No. 10877.
Economy
HDC repossesses Riveli Beach Club land over unpaid rent
Housing Development Corporation (HDC) cancelled its agreement with Solaris Hospitality Pvt Ltd and repossessed Hulhumalé Lot 10877, where Riveli Beach Club and Restaurant operated, citing prolonged unpaid rent. HDC did not disclose the outstanding amount and barred the company from conducting business on the plot.
Economy
MTDC inaugurates new 10-storey office complex in Hulhumalé
MTDC inaugurated a new 10-storey office complex in Hulhumalé Phase I, developed on a plot of approximately 6,195 square feet, to add rental income beyond tourism. Managing Director Haris Mohamed said MTDC is considering another commercial office building in the Greater Malé area, with preliminary work expected to begin in the near future.
Infrastructure
Budget 2027: Hulhumalé Grand Mosque construction among key priorities
Minister of Finance and Public Enterprises Hassan Zareer said construction of the Hulhumalé Grand Mosque is among the Government's key priorities for the proposed 2027 State Budget presented to Parliament. The complex, planned as the country's largest mosque with a prayer hall for 10,000 worshippers, had its land handed over by HDC to the Ministry of Islamic Affairs and Endowments on 10 June 2026 and its site handed over to Saudi Arabia's Al Rajhi Company on 12 September under a memorandum of understanding.
Environment · Press release
Discussions Held with HDC to Launch Major Tree Planting Initiative in Hulhumalé
A consultative meeting was held with the Housing Development Corporation (HDC) to plan a large-scale tree planting event in Hulhumalé under the national five million tree planting initiative launched under President Dr. Mohamed Muizzu. Officials from the Five Million Tree Planting Project and HDC discussed logistics and coordination for the activities across Hulhumalé's sectors.
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