Airport Expansion


Maldives resort tycoons draw fire with endorsement of president
Support for the president’s economic policy came during a much-publicised panel discussion on state TV.
12 Aug 2018, 9:00 AM


Abu Dhabi Fund approves loan for Maldives airport expansion
A loan agreement to finance the airport expansion was signed with the Abu Dhabi Fund for Development during President Abdulla Yameen’s ongoing official visit to the United Arab Emirates.
18 Oct 2017, 9:00 AM


Saudi Fund lends Maldives US$100m for new airport terminal
“This is a concessional loan from the Saudi Fund to be repaid within 25 years, with a grace period of five years, at an interest rate of two percent,” the finance ministry said. It will be used to finance the development of a new passenger terminal by the Saudi Binladin group.
26 Sep 2016, 9:00 AM


Saudi Binladin Group awarded Maldives airport terminal project
A massive project to construct a new passenger terminal at the Ibrahim Nasir International Airport has been awarded to the Saudi Binladin Group for an undisclosed amount.
22 May 2016, 9:00 AM


Maldives airport expansion to cost US$800m
President Abdulla Yameen unveiled Wednesday a US$800million plan to expand the Maldives’ main airport. The project, to be financed entirely by loans, was risky, but its returns would be transformational, he claimed.
08 Apr 2016, 9:00 AM


Maldives hopeful of securing financing from Chinese-led bank
Speaking to reporters after returning from an official visit to China to attend the AIIB’s inaugural board of governors meeting in Beijing, Muiz said that the bank’s president, Jin Liquin, assured him of funding for infrastructure projects during an official meeting.
21 Jan 2016, 9:00 AM