President designates Addu City, Hankede for real estate tourism

Illustration of the plan for rerouted link road and Hankede island | Photo: Abdulla Sodiq (Sobe)

Malé, Maldives – President Ibrahim Mohamed Solih today designated Addu City’s uninhabited Hankede district for real estate tourism.

The decree by President Solih cite the Maldives Tourism Act (Law No. 2/99) and announced the assignment of Addu City Hankede as a real estate tourism zone to be developed by 100% state-owned enterprise Maldives Fund Management Corporation (MFMC).

Hankede was previously chosen to be developed for tourism since 2006 with multiple failed attempts.

The Addu Development Project which commenced in October 2021 proposes to bypass the existing bridge from Hithadhoo to Hankede and creating another bridge bypassing Hankede.

In addition to Hankede, Addu City, the President also designated Gaafaru Falhu for real estate tourism also to be developed by MFMC.