The foundation stone for 1,190 housing units being developed in Hulhumalé by a subsidiary of the Bank of Maldives (BML) has been officially laid in a ceremony attended by President Dr. Mohamed Muizzu. This large-scale affordable housing project, contracted to China’s BUCG, is slated for completion by mid-2028. The CEO of BML highlighted that this project represents a significant investment by the bank towards the nation’s social and economic development. Out of the total 3,260 flats planned under this broader initiative, construction has now commenced on 2,896 units.
