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

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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Conrad Maldives Rangali Island achieves PADI Eco Center Certification

Conrad Maldives Rangali Island has been officially certified as a PADI Eco Center, becoming one of only two resorts in the Maldives to receive this recognition in 2025. The certification is awarded to dive resorts that extend their efforts beyond standard operations, with a strong focus on protecting marine environments and raising awareness among future generations.
As part of the certification process, the resort’s team adopted the Conrad House Reef through PADI’s Adopt the Blue programme. A Dive Against Debris clean-up dive was conducted around the reef near Ithaa Undersea Restaurant, during which 10 kilograms of marine litter, primarily plastics and metal fragments, were collected.
The team also joined Green Fins in June 2025 and has since introduced a series of sustainable practices. These include paperless dive check-ins, eco-briefings before excursions, reduced use of plastics through the introduction of glass alternatives, and signage encouraging responsible snorkelling and diving across the dive centre.
Guests are also directly engaged in conservation activities through coral restoration initiatives. In 2025, the team has facilitated 17 coral line adoptions, where participants attend an educational session before attaching coral fragments to nursery lines and assisting with their placement underwater.
Jessica Miller, Marine Biologist at Conrad Maldives, commented: “This certification represents a milestone for us. It’s the result of dedicated teamwork and genuine care for the ocean. Watching our guests become part of the solution, whether through coral planting or learning about local marine life, is what makes this so special.”
Nick Flynn, General Manager of Conrad Maldives, added: “We’re incredibly proud of the team’s achievement in making Conrad Maldives a certified PADI Eco Center. This milestone is part of our long-term commitment to sustainability and a testament to how luxury and environmental responsibility can go hand in hand.”
Ranjit Batra, Chief Executive Officer of Ventive Hospitality, the owning company of Conrad Maldives Rangali Island, highlighted the wider significance of the achievement. He said: “The PADI Eco Center recognition for Conrad Maldives Rangali Island underscores our commitment to protecting marine ecosystems while shaping the future of responsible travel. We are proud of Conrad for leading the way in sustainability across the Maldives.”
The certification strengthens Conrad Maldives’ broader sustainability objectives under Hilton’s Travel With Purpose programme. The resort will continue to offer educational dives, coral adoption opportunities, and conservation briefings, encouraging guests to actively participate in marine protection efforts during their stay.
Conrad Maldives Rangali Island operates under Hilton and is part of Hilton Honors®, the global guest loyalty programme. Hilton Honors members booking directly through official Hilton channels receive a range of benefits, including exclusive discounts, free standard Wi-Fi, flexible payment options combining Points and money, and contactless technology via the Hilton Honors mobile app, which enables digital check-in, room selection, and access.
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Angsana Velavaru recognised as Best Water Villa Resort at TTM Awards 2025

Angsana Velavaru has been named Best Water Villa Resort at the TTM Awards & Gala 2025, presented by Travel Trade Maldives, the country’s leading travel trade platform.
The award acknowledges the resort’s InOcean Pool Villas, the Maldives’ first standalone water villas located one kilometre from the main island. These villas have become a signature feature of Angsana Velavaru, designed to accommodate both couples and families, with private pools, direct access to the ocean, and spacious interiors.
Beyond the architectural concept, the villas are intended to provide guests with a personal and adventurous connection to the surrounding sea. The resort also offers a wide range of experiences through its ‘101 Things to Do’ programme, which includes marine exploration, wellness activities, and culinary experiences. Cultural engagement is a central element, with opportunities for guests to interact with local island communities and traditions. The resort further integrates sustainability through its ‘Stay for Good’ initiatives, which combine environmental care with community involvement.
Commenting on the award, General Manager Ahmed Zahir said: “We are truly honoured to receive this award from the TTM Awards, a platform that embodies the spirit of the Maldivian travel community. This accolade not only celebrates the uniqueness of our InOcean Pool Villas but also pays tribute to the dedication of our team, who work tirelessly to create moments of discovery, connection and meaning for our guests. At Angsana Velavaru, we believe a stay should be more than a holiday—it should become a journey that remains with our guests long after they return home.”
Angsana Velavaru continues to position itself as a destination offering immersive experiences. Guests are invited to explore coral reefs, engage in island life, and create enduring memories in harmony with the natural environment.
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Barceló Nasandhura Malé named Best City Hotel at TTM Awards 2025

Barceló Nasandhura Malé has been awarded Best City Hotel at the TTM Awards 2025, held on 28 August at Adaaran Select Hudhuran Fushi.
The recognition reflects the passion, hard work, and dedication of the team at Barceló Nasandhura, whose commitment to excellence has been evident since the property opened earlier this year. The hotel has focused on creating memorable guest experiences and setting new standards for city hospitality, which contributed to this achievement.
The TTM Awards, part of the Maldives’ largest travel trade show, celebrates the country’s hospitality sector across 28 categories, bringing together leading travel and tourism professionals from the region.
As it marks this milestone, Barceló Hotel Group reaffirmed its dedication to shaping the future of city hospitality in Malé.
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