AGP Executive Report
Last update: 9 hours agoHousing & Appointments: Fahi Dhiriulhun Corporation (FDC) has appointed Hassan Faihath Qudhrathulla as Deputy Managing Director, with the state housing firm currently managing a 4,000-unit Hulhumalé project and other island development work. Landmark Religious Infrastructure: Maldives is set to lay the foundation for its largest mosque in Hulhumalé for the 900th anniversary of embracing Islam, with land handed over to the Ministry of Islamic Affairs and a complex planned to include a Qur’an museum. Aviation & Logistics: Velana International Airport handled 18,457 tonnes of cargo in Q2 2026, up 2% quarter-on-quarter, with transshipment and freighter flights both rising as MACL pushes capacity growth. Trade & Industry Support: The Maldives–Türkiye PTA took effect on Aug 1, offering duty concessions aimed at boosting the creative sector’s access to affordable production materials. Education Infrastructure: Work on a new seven-storey CHSE building in Malé is expected to start late 2026, after architectural approvals, with classrooms and science labs planned. Finance Regulation: The Maldives Monetary Authority opened public consultation on financial consumer protection and simplified/electronic customer due diligence rules, with feedback due Aug 26. Fisheries Grants: Aaruveri Matching Grant Scheme launched with MVR 278m for fisheries sector projects, including renewable energy, mariculture, processing and value-addition. SIDS Business Forums: Maldives will host the SIDS Global Business Network Forum and Island Investment Forum on Aug 23–25, drawing 200+ participants from 30+ countries.
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