Two companies have been awarded contracts to develop a total of 560 rooms as part of the Integrated Tourism Development Project in Hankede, Addu City. The agreements were finalized during the Future Hospitality Summit held in Dubai.
The Hankede Tourism Project is overseen by the Maldives Fund Management Corporation, with the China National Electric Engineering Company (CNEEC) taking the lead in developing the tourism infrastructure.
The signed agreements involve two key companies collaborating with the Fund Management Corporation. The first agreement was made with Conduit House from the UK, represented by CEO Jonathan Healy, while Managing Director Ahmed Naazim signed on behalf of the Fund Management Corporation. Conduit House will develop 335 rooms, comprising grand hotels, deluxe hotels, and boutique hotels.
A milestone event for MFMC! MFMC signs with Conduit House to operate and manage hotel properties in Hankede, Addu Atoll during #FHSWorld Dubai! pic.twitter.com/ZkFLXjSuJg
— Maldives Fund Management Corporation (@mfmc_mv) October 2, 2024
The second agreement was signed with Time Hotel, based in the United Arab Emirates. CEO Mohamed Awadalla represented Time Hotel, with Managing Director Ahmed Naazim signing for the Fund Management Corporation once again. Time Hotel will be responsible for developing a 150-room grand hotel and a 75-room deluxe hotel in Hankede.
MFMC signs with TIME Hotels to operate and manage hotels in Hankede, Addu Atoll during #FHSWorld held in Dubai. A major step for the future of tourism in the south! pic.twitter.com/h99SUDRWm7
— Maldives Fund Management Corporation (@mfmc_mv) October 2, 2024
The government has announced that the overall Hankede tourism project will consist of 1,041 rooms offering a total of 2,082 beds. This initiative will feature a diverse array of accommodations, including two grand hotels, two deluxe hotels, ten boutique hotels, 64 serviced apartments, and seven beach villas.