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Maldives signs revised contract with Saudi Binladin Group to complete new airport terminal by 2022

Published

6 years ago

June 28, 2019

Maldives has signed a revised agreement for the development a much anticipated new international passenger terminal at the island nation’s main airport, in a bid to complete the project in 2022.

The amendment contracted was signed between Maldives Airports Company Limited (MACL) and Saudi Binladin Group (SBG) at a special ceremony held at the airport Thursday morning. Acting Managing Director Moosa Solih signed the agreement on behalf of the state-owned airport operator, whilst Chief Operating Officer Paolo Bigsi represented Saudi Binladin Group.

Designing and construction of the new passenger terminal, which is expected to cater to at least seven million passengers per annum, was contracted to the Saudi Binladin Group in 2016, with the completion date set for late 2019.

However, the project came to a halt last year after the Saudi Fund for Development, which contributes majority of the funding for the terminal project, withheld funds amidst political turmoil and presidential elections. The new government has been negotiating with the aid agency to restart the project.

“This contract signed today saw the sealing of many months hard work in making a fresh start on the development of the new international passenger terminal building,” MACL said in a statement.

Under the revised contract, the terminal and associated facilities are to be built in a 78,000sqm area.

The project, which is now set to complete in May 2022, includes building six contact stands and four remote stands at the new international terminal Building, land side roads and landscaping works, seaplane area with tourist lounges, fine dining, retail and lounges, MEP works including inline BHS, and vertical and horizontal assisted transportation which is compliant with EU and local security regulations. Demolition of existing pier building and related works is also included in the scope of work under the revised contract.

“As per the current progress, all piling works are completed and road diversion works are in progress,” the statement issued by MACL read.

The new international terminal is part of a USD 800 million mega project to expand and upgrade the main Velana International Airport. The project also involves building a brand new runway and a seaplane terminal as well as other support facilities, including a fuel farm that can store 45 million litres and a 120,000 tonne cargo facility.

USD 570 million of the USD 800 million needed for the project have been raised from international financiers, especially Arab funding agencies. It includes a USD 100 million loan from Saudi Fund for Development, a USD 50 million loan from Kuwait Fund, a USD 50 million loan from OPEC Fund for International Development (OFID) and a USD 50 million loan from the Abu Dhabi Fund for Development.

China EXIM Bank also granted a loan of USD 400 million for the new runway, which was contracted to Beijing Urban Construction Group (BUCG) of China. The new runway is set to come into operation later this year.

MACL had also invested USD 50 million from its own funds.

The airport is a key infrastructure that supports the Maldives multi-billion dollar tourism industry. Expansion of the airport is expected to boost tourist arrivals to the island nation as it aims to attract at least two million tourists by 2020.

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Summer Island Maldives named among top 10% of hotels worldwide by TripAdvisor

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4 days ago

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m@ldives

Summer Island Maldives has been recognised as one of the top travel destinations globally, having received the prestigious TripAdvisor Travellers’ Choice Award for 2024. This accolade places the resort among the top 10% of hotels worldwide, based on exceptional traveller reviews and ratings collected over the past year.

Located just 45 minutes by speedboat or a short seaplane journey from Velana International Airport, Summer Island Maldives offers an idyllic barefoot beach retreat. The resort is known for its personalised service, commitment to sustainability, and relaxed luxury, consistently appealing to travellers from around the world.

Mariya Shareef, Chief Operations Officer of Kaimoo Travels and Hotel Services, expressed appreciation for the recognition, noting that the award reflects the dedication and passion of the entire team, who work diligently to deliver memorable experiences. She highlighted that the honour is especially meaningful as it is based on genuine guest feedback.

A popular choice for honeymooners and returning guests, the resort features two restaurants, three bars, and a variety of curated experiences, including private sandbank picnics and sunset sailboat cruises. Summer Island Maldives is also widely praised for its strong sustainability practices, such as eliminating single-use plastics, integrating renewable energy solutions, adopting eco-friendly mosquito control methods, and creating the world’s largest 3D-printed coral reef—an initiative recognised by the Guinness World Records.

The TripAdvisor Travellers’ Choice Awards celebrate excellence in hospitality, with winners selected based on consistently high ratings across key categories such as service, value, cleanliness, and location.

This recent recognition joins a growing list of accolades for Summer Island Maldives, including TUI’s Global Hotel Quality Award for 2024 and 2025, as well as the Leading Eco-Friendly Resort Award at the South Asian Travel Awards (SATA) in 2023.

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Tripadvisor honours Constance Moofushi among Best of the Best Luxury Hotels in Asia

Published

5 days ago

May 6, 2025

m@ldives

Constance Moofushi in the Maldives has been recognised as one of Asia’s premier luxury destinations, earning the 11th spot in the Best of the Best Luxury Hotels in Asia category at the Tripadvisor Travellers’ Choice Awards 2025. This accolade highlights the resort’s dedication to delivering authentic and unforgettable luxury experiences in the heart of the Indian Ocean.

Situated on a private island, Constance Moofushi combines barefoot chic with exceptional service, offering guests a unique blend of natural beauty and refined comfort. The recognition reflects not only the resort’s appeal but also the consistently high level of guest satisfaction that has become synonymous with the Constance brand.

Part of the esteemed Constance Hotels & Resorts portfolio, Constance Moofushi contributes to the group’s widespread acclaim, with all properties ranked among the Top 10% of Hotels Worldwide by Tripadvisor. These honours underscore the group’s unwavering commitment to quality across its locations in the Maldives, Mauritius, Seychelles, Rodrigues, and Madagascar.

The Travelers’ Choice Awards are especially meaningful as they are based entirely on genuine guest reviews and ratings from travellers around the globe. The recognition of Constance Moofushi stands as a testament to the resort’s ongoing pursuit of excellence and its embodiment of the Constance philosophy: ‘True by Nature.’

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Ayada Maldives earns elite recognition in 2025 Travellers’ Choice Awards

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m@ldives

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The Travellers’ Choice Awards: Best of the Best by TripAdvisor celebrate the pinnacle of excellence in the travel industry, acknowledging properties that consistently provide exceptional guest experiences based on outstanding reviews and ratings collected over a 12-month period.

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With its spacious overwater and beachfront villas, award-winning spa, elevated dining options, and tranquil natural surroundings, Ayada Maldives continues to stand out as the ideal destination for travellers seeking indulgence and renewal in a tropical paradise.