Thu, 17 Sept 2026, 02:20 am

ދިވެހި

ދިވެހިއަށް ބަދަލުކުރޭ

Business

MTCC to reclaim land needed for Kadhdhoo airport expansion

Aug 12, 2023, 6:43 AM

Maldives Transport and Contracting Company (MTCC) has been contracted to reclaim land in Laamu Kadhdhoo for the airport development project.

The work includes land reclamation and shore protection and was awarded to MTCC for MVR 389.7 million.

According to the Economic Ministry, 56.83 hectares of land will be reclaimed and 4.4 km of rock revetment will be installed under the project.

MTCC has been given 300 days to reclaim the land and 600 days for shore protection work.

Following the land reclamation, the government plans to expand the runway in Kadhdhoo airport to 2.4 km and establish an international passenger terminal and other facilities.

The development of Kadhdhoo Airport to international standards is a pledge made by President Ibrahim Mohamed Solih.

MTCC Kadhdhoo Airport

Comments

MTCC to begin taxi service next month

Mar 25

Concern over delays in starting Ukulhas beach protection project

Jan 20

Taxi Drivers Association calls to stop plans to introduce government taxi line

Nov 23

MACL to hire a dredger at an exorbitant rate for airport projects

Oct 6

Latest News

Usable reserves drop below levels after settling sukuk

The Maldives' usable reserves fell to $200.6 million last month following a $525 million sukuk settlement. Despite a slight rise in gross reserves to $643.8 million, increased short-term liabilities led to a 10% drop in available funds. Officials expect a recovery by year-end due to a surge in foreign currency exchange.

Maldives bans seeking work visa after entering on another visa

The Maldives Home Ministry has banned individuals who enter the country on business or special visas from converting to a work visa. This policy aims to stop businesses from using short-term visas to bypass standard work permit procedures. The move is part of a broader government crackdown on undocumented migration and visa misuse.

Home Minister issues more warnings over dollar crisis

Maldivian Home Minister Ali Ihusaan warned that unauthorized dollar trading is a criminal offense and constitutes money laundering. The government plans to take strict legal action against unlicensed buyers and sellers. Additionally, Maldivian sponsors will be held accountable and fined if their expatriate workers engage in illegal currency exchange.

Dhiraagu reload promotion offers MVR 100,000 cash prize

Dhiraagu has launched a reload promotion for prepaid customers, offering a grand prize of MVR 100,000 and weekly prizes of MVR 15,000. To enter, users must reload via the Dhiraagu App before October 31. Every MVR 100 reloaded earns one entry into the lucky draw, incentivizing frequent digital reloads.

MIB launches Faisa Mobile X 2.0 to refine banking services

Maldives Islamic Bank has launched Faisa Mobile X 2.0, featuring a redesigned interface and enhanced security. The update introduces "Smart Search" for faster transactions and "Faisa Remit" for international money transfers. This upgrade aims to provide a more seamless and modern digital banking experience for all customers.

BML TT delays threaten businesses and international trade ties

Maldivian businesses are facing severe financial losses and damaged international reputations due to significant delays in BML’s Telegraphic Transfers. Importers report that payments now take weeks rather than days, leading to heavy port charges and strained ties with global suppliers despite the bank's delayed acknowledgment of the issue.

Which Body Should Maldives Trust on Regulating Nicotine Pouches?

Two major health regulators have reached opposite conclusions about nicotine pouches. Both claim to be evidence-based. This contradiction becomes even more striking when you examine what they actually agree on.

Get the latest news delivered straight to your inbox