19 March 2023, MVT 10:22 The Housing Development Corporation (HDC) has confirmed the start of the Thilafushi Phase 2 reclamation project. The initiative, which is focused on creating a sustainable and adaptable industrial hub, will move all industrial work from Male’ City to Thilafushi. HDC stated that the project is currently underway, with the contractor, …

HDC begins reclamation project for Thilafushi Phase 2 with CHEC Read More »

Minister of Economic Development Fayyaz Ismail has revealed that the first port city in the Maldives will be built in the northernmost region. He made the statement in a letter sent to the Parliament of the Maldives to answer inquiries on the progress of the transshipment port development project in Haa Alifu Atoll. In the …

First port city in Maldives to be built in northernmost region Read More »

Toronto-based Brookfield Infrastructure Partners is buying Triton International, the world’s largest owner of containers, for $4.7bn. “We believe this transaction provides an excellent outcome for all of Triton’s stakeholders,” commented Brian Sondey, CEO of Triton. The sale represents a total shareholder return of approximately 700% since the 2016 merger of Triton and TAL International, Sondey …

Box giant Triton sold for $4.7bn Read More »