Creating opportunities for better homes, health, employment and education services in the Maldives.

About HDC

The Board

The board of HDC consists of 5 members.

Mohamed Shahid


Mr. Mohamed Shahid has a Master’s in Business Administration (MBA), Major in Business Management from University of Nottingham-UK, and a Bachelors of Business (B. Buss.), Major in Business Management and Marketing from Griffith University, Gold Coast Campus- Australia.

With over 15 years of experience in the field of real estate development and Project Management, he is a well-established, experienced business manager with the all-round ability to manage various aspects of a business ranging from Finance, Human Resources, Legal Affairs, Information Technology, Civil Works and Project Management.

He has a long history with the Housing Development Corporation (HDC), commencing from the initial start-up of HDC over 10 years ago and has served at various posts within HDC with his most recent posting as the Deputy Managing Director of HDC until his departure from in 2016.

He is engaged in his own businesses in the areas of real estate development, hospitality and general trading and is also currently serving the government as the Managing Director for the Maldives Integrated Tourism Development Corporation Ltd., a 100% Maldivian government owned company engaged in the developments within the Hospitality sector.

Ahmed Nasif

Board Director / Managing Director

Mr. Ahmed Nasif was appointed as the Managing Director of Housing Development Corporation on 10 June 2018. Prior to his appointment, he was the Managing Director of Greater Malé Industrial Zone Ltd., formed in March 2018 as a merger between Thilafushi Corporation Ltd and Gulhifalhu Investments.

Mr. Nasif initially began his career at the Ministry of Trade in year 1994. Since then he has held top managerial posts in both the government and private sector in the Maldives as well as internationally, as a consultant in private companies in India and Malaysia.

He served as the Managing Director of Thilafushi Corporation since 2015 where he was also a Board Director during this same period while taking over the role of the development and management of reclaimed land in Thilafushi and Gulhifalhu for industrial purposes. Prior to this in 2014, he served as the Deputy Managing Director of Thilafushi Corporation Ltd. During this time, he has greatly transformed the corporation with 20 years of experience he has gained in the field of Management and Human Resources. He has also dedicated a great deal of his career to educating and building young minds and professionals at well-known colleges, training and business consultancies across the Maldives. With this portfolio, he has established himself as an individual within the industry as a passionate and dedicated leader and trainer. Mr. Nasif holds a Master’s Degree in Business Administration (International) from University of Edith Cowan, Australia. He has completed numerous other trainings in the field of management.

Ahmed Bunyamin

Board Director / Chief Operating Officer

Mr. Ahmed Bunyamin commenced his tenure at Housing Development Corporation as the Deputy Managing Director in April 2017. Overseeing the Municipal Administration and Public Services functions of the company, he actively led the initiative to transform the image of HDC in a positive light among the citizens of Hulhumalé.

In the venture to transform the image of the company among the citizens of Hulhumalé, Mr. Bunyamin assisted greatly in the development and transformation of the Hulhumalé community by analyzing and prioritizing the requirements of the community. In a short period, he successfully implemented several community related initiatives in relation to said requirements. Mr. Bunyamin was appointed to the Board of Directors of HDC in May 2018.

Prior to his career in HDC, Mr. Bunyamin was the Deputy Chief Executive Officer and Managing Director of Maldives Industrial Fisheries Company Limited, where he was a pioneer in reforming the company which was in crisis by implementing an appropriate strategic plan, in turn managing to improve the company’s financial situation, public image, and the relationship between its stakeholders. Mr. Bunyamin holds a Bachelor of Commerce in Management and Marketing, from University of Wollongong, Australia.

Ahmed Ali Habeeb

Board Director

Mr. Ahmed Ali Habeeb was appointed to the Board of Directors of HDC on the 06th of May 2012. Mr. Habeeb currently works in the capacity of Management Accountant at Apollo Holdings Pvt. Ltd. He spent his career in the Finance sector and is an internationally recognized professional in the field of Management & Finance, owning the membership titles ACMA (Associate Chartered Management Accountant of CIMA, UK) and CGMA (Chartered Global Management Accountant of AICPA, USA).

Mr. Habeeb has an academic background in Management Accounting.

Abdul Samad Abdul Rahman

Board Director

Mr. Abdul Samad Abdul Rahman was appointed to the Board of Directors of HDC on the 06th of January 2014. He currently works in the capacity of Deputy Director General at The National Drug Agency (NDA). He spent his early career in the Health sector and has 30 year experience working in various positions in government since 1987 including Deputy Director General in many sections at the Ministry of Health.

Mr. Abdul Samad Abdul Rahman holds a Graduate Diploma in Management from AVID College and other certifications in Management and Health and is currently pursuing his Masters in Business Administration.