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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 »

Maldives Transport and Contracting Company (MTCC) has been awarded the harbor development project in Maafushi island of Kaafu atoll. The project was awarded to MTCC by the Ministry of National Planning, Housing and Infrastructure during a special ceremony held at the ministry on Monday. MTCC’s CEO Adam Azim signed the agreement on behalf of the …

K. Maafushi Harbor Development Project awarded to MTCC Read More »