President Nasheed visited the third largest dredger in the world on Monday, as the enormous vessel begins reclaiming the shallows of Gulhifalhu in Kaaf Atoll.
The 10 hectares reclaimed by Boskalis International and the ‘Queen of the Netherlands’ – capable of reclaiming two hectares a day – will be converted into an industrial zone.
Nasheed told newspaper Haveeru that an area the size of half the capital of Male’ would be released by the project, boosting the economy by 20 percent and taking the stress of real estate prices Male’.
The first phase of the industrial development will see the construction of 1,500, 2,500 and 3,000 square foot warehouse complexes and hotels.
