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Leaders of the two companies exchange the agreement at a ceremony held on Tuesday, 26 March 2024, to sign a Memorandum of Understanding (MoU) to hand over some of the works of Hulhumale Phase III development to China's CMEC.

China's CMEC to develop Hulhumale Phase III

The HDC has not yet announced the cost of the project.

27 March 2024

By Mohamed Muzayyin Nazim

The Housing Development Corporation (HDC) has signed a Memorandum of Understanding (MoU) with China Machinery Engineering Corporation (CMEC) to develop the infrastructure of Hulhumale Phase III.

According to a brief press release issued by HDC on the project:

  • Under this agreement, the electricity network of Hulhumale Phase III will be completed

  • Gigabit Passive Optical Network (GPON) will be installed in the area

  • Roads will be developed

"Roads will be developed to improve fire safety and water and sewerage systems," the statement said.

The HDC has not yet announced the cost of the project.

CMEC is also the contractor of the Hiyaa flats established in Hulhumale Phase II during the government of former President Abdullah Yameen. This government also handed over the Rasmale project and some of the works to CMEC earlier this year.

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