Housing Development Corporation Ltd. (HDC) is a 100% state owned enterprise formed by a presidential decree, initially established in 2001.
HDC undertakes and manages the overall planning and building of the reclaimed city of Hulhumalé – the Maldives’ biggest and most ambitious urban development project. Currently working towards creating Hulhumalé to become the nation’s first sustainable city, the corporation undertakes projects of hospitality, industrial, recreational, commercial and residential in nature, while introducing new opportunities on a scale previously never seen before in the country.
Hulhumalé aspires fostering creative entrepreneurship among the youth, stimulating economic solutions and tackling the social challenges faced by the nation. In essence, HDC presents a variety of its own products including community based developments; Central Park, Fehires Park, Indoor Sports Complex & Outdoor Sports Arena, Fahiveni Community Center, Fisheries Harbour, Local Market as well as commercial and industrial developments such as Green Office Building and Warehouse Shell. Curving a welcoming path for investment, Hulhumalé Phase II, the newly reclaimed addition to the existing conurbation promises diverse development opportunities.
We take great pleasure in supporting, initiating and becoming involved in community engagement & building.
HDC has plans to empower the Maldivian youth by providing employment and career development opportunities, a platform to showcase their talents and invest in their futures. Hulhumalé being branded as the Youth City-The City of Hope, HDC believes empowered youth are essential for the development of our community. To make that happen, HDC commenced its very own apprenticeship program to provide the youth with a supportive environment to learn through play and sport. As part of HDC’s Receptive City series, team HDC has worked with local students and artists giving them a platform to showcase their talents at Canopy Design Competition and the first 3D Street-Art Competition held in the country.
Every year, HDC holds celebrations to value senior citizens, women, children and vulnerable groups in our society. From annual blood camps to sports tournaments, HDC wishes to continuously work with communities towards building a sustainable future.