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

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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.

Awards

Mercure Maldives Kooddoo wins triple honours at World Luxury Awards 2025

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Mercure Maldives Kooddoo Resort has received three titles at the 2025 World Luxury Awards, named Luxury Adults Only Resort, Luxury Island Resort, and Luxury Cultural Resort in the Indian Ocean.

The awards highlight the brand’s focus on locally rooted hospitality, with stays shaped by place, service and community. The resort presents Maldivian culture through curated experiences, pairing contemporary comforts with island traditions.

Positioned as an adults-only retreat, Mercure Maldives Kooddoo integrates culinary influences and cultural programming to offer guests a stay informed by the rhythm of local life and delivered with consistent service standards.

“These awards are a true reflection of our team’s passion for creating experiences that feel both local and memorable. Every detail, from the design to the service, is guided by the authenticity that defines Mercure. We are grateful to our guests for being part of this journey,” said Riaan Drever, Cluster General Manager.

The World Luxury Awards recognise excellence in global hospitality, honouring properties that consistently deliver strong guest experiences and celebrate diversity across the travel sector.

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Awards

Hat-trick for Pullman Maldives Maamutaa at 2025 World Luxury Awards

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Pullman Maldives Maamutaa has received three honours at the 2025 World Luxury Awards, securing titles for Best Luxury All-Inclusive Hotel, Best Luxury Wellness Hotel, and Best Luxury Family Hotel in the Indian Ocean.

The awards underscore the resort’s approach to experience-led hospitality, combining design, wellbeing and guest engagement. The recognition also reflects Pullman’s commitment to innovation, inclusivity and sustainability, which sit at the centre of the brand’s strategy.

Since opening, Pullman Maldives Maamutaa has developed an all-inclusive offering that brings together adventure, wellness and a close connection to the natural environment. Its portfolio includes an underwater villa, wellness concepts and family-oriented experiences.

“We are honoured to receive this recognition at the 2025 World Luxury Awards. These awards celebrate the heart of what we do—creating inspiring moments for every guest, whether they come to reconnect, recharge, or simply play. This achievement belongs to our incredible team, whose passion and dedication make Pullman Maldives Maamutaa what it is today,” said Riaan Drever, Cluster General Manager.

The World Luxury Awards recognise excellence in global hospitality, highlighting hotels that consistently deliver strong guest experiences and demonstrate innovation in service and design.

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Featured

Halloween at Sun Siyam Iru Veli turns fantasy, not fright

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Sun Siyam Iru Veli marked Halloween with a one-day island celebration, “Whimsy Over Wicked,” reimagining the tradition of fright as a fairytale of fantasy on 31 October. The programme invited guests of all ages to immerse themselves in themed workshops, entertainment, and dining experiences designed to encourage creativity and the joy of make-believe.

At the Turtle Kidz Club, children joined a full-house Pumpkin Workshop, decorating pumpkins with gemstones, bright colours, and playful patterns. As the sun set over Fresh Water Beach, the festivities shifted to a Masquerade Evening, where guests enjoyed island beats and signature cocktails and mocktails against a golden horizon. The celebration continued at Turtle Beach with a Beach BBQ Dinner, presenting a Halloween-inspired menu in a storybook setting with live music by the sea.

The night concluded with a private “Cinema Under the Stars” screening, offering an open-air experience that captured the spirit of the occasion.

Through “Whimsy Over Wicked,” Sun Siyam Iru Veli highlighted creativity, connection, and the island’s natural setting. Guests departed with memories shaped by laughter, imagination, and a shared celebration under the Maldivian night sky.

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