In mid 1990s, the idea of creating an artificial island from an existing lagoon and transforming it into a futuristic urban city which would accommodate the excessive population of the central region was born. And the Hulhulé-Farukolhufushi region became the crux of this ambitious vision.
The Phase I of Hulhumalé reclamation, consisting of 188 hectares, began on 16th October 1997 and was completed by June 2002. Primary developments in terms of the required physical and social infrastructure and residential developments were completed in 2004.
The first settlement of Hulhumalé was officially inaugurated on the 12th of May 2004 with a resident population of just over 1,000.
At the end of 2013, Hulhumalé Phase I has reached a population of 30,000, which is the halfway mark of the target population of 60,000 to be achieved at the culmination of Phase I by the year 2020. With this in mind Phase II, consisting of 240 hectares, is targeted to be launched in late 2014, catering to a total population of 100,000.
The initial vision of the project has broadened to accommodate the growth of the island and now envisions the establishment of higher standards in the quality of living in the Maldives. Phase I and II will be a harmonious combination of residential, commercial and industrial components acting as a catalyst to entice broad based investments in the fields of commerce, education, health, recreation, tourism, fisheries and a number of other related areas by both foreign and local parties.
Hulhumalé Youth City, the city of hope.