Housing Development Corporation (HDC) has launched several projects, which are bound to bring revolutionary transformations to Hulhumale'. The projects were offically inaugurated by the Minister of Economic Development and Trade Mohamed Saeed, at a special ceremony under the name, "Transforming Tomorrow".
The major projects launched by HDC:
- Rasmale' Project
- Development of Row Houses in
- Social Housing Project
- Development of Modern Prefab Homes
- Farukolhufushi Gated-Community Private Luxurious Living
- Development of SOE office building and SME building
- Development of HDC building
- Development of Elderly Care Facility
- Establishment of parking building
- Development of Hulhumale' Isle Adventure Park
- Development of History Centre
- Development of the Knowledge Park
- Development Nooveli Island Retreat in Galufalhu
- Development of Kinaaria: Destination Island in Kudagiri
- Development of the Smart Warehouse Complex
- Tree Planting Project: Scenic City
During the ceremony, a Memorandum of Understanding (MoU) pertaining to the design consultancy of the Isle Adventure Park and the provision of operational training for the park, was signed. The MoU was signed by the Managing Director of HDC Fazul Rasheed and the Director of City Investments Private Limited.
Speaking at the ceremony, Managing Director of HDC Fazul stated that the launch of these projects were the beginning of a new chapter for the corporation. He stated that the projects will play a pivotal role in bolstering economic growth and make the lifestyle for the residents of Hulhumale', more convenient. Fazul disclosed that the primary objective of these projects were to sustainably increase the company's revenue generated, expressing optimism in the revenue to increase by three folds.