The CEO of Bank of Maldives (BML), Mohamed Shareef, has stated that investments in the construction sector under the government’s “Housing for All” policy are expected to drive a 5% increase in the Maldives’ Gross Domestic Product (GDP) over the next two years. Currently, BML, through one of its subsidiary companies, has commenced work on 3,260 housing units, with preparations underway for an additional 540 units. These projects are anticipated to stimulate monetary circulation within the economy, broaden employment opportunities, and significantly bolster the nation’s economic landscape. The Bank expects these projects, which are being undertaken by reputable local and international firms, to be completed by mid-2028.
