Featured
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.
Featured
AIDA brings over 2,000 tourists to Maldives in major economic boost
Maldives recently welcomed the Italian-flagged cruise ship AIDA, carrying 2,139 tourists. Operated primarily for Swiss, Austrian, and German visitors, the ship arrived on December 8, 2024, from Muscat, Oman. This visit marks the first cruise ship arrival since regulatory changes were implemented at the request of the Maldives Association of Yacht Agents (MAYA).
The AIDA’s stopover is expected to provide a significant boost to the local economy. The influx of tourists is likely to benefit various businesses, including restaurants, souvenir shops, local dhonis, guesthouses, and retail outlets in Malé and Hulhumalé. This surge in activity is anticipated to further solidify the Maldives’ position as a leading cruise destination in the region.
This milestone underscores the Maldives’ ongoing efforts to diversify its tourism offerings. Beyond its economic impact, the AIDA’s visit is expected to enhance foreign reserves and contribute to broader national economic growth. The vessel is scheduled to depart the Maldives on December 9, 2024, at 6 PM, after a brief yet impactful visit.
The Maldivian tourism industry continues to thrive despite global challenges. This achievement follows recent accolades, including being named the World Travel Awards’ (WTA) World’s Leading Destination for the fifth consecutive year and earning the title of World’s Leading Green Destination for the first time. The successful introduction of cruise tourism marks the beginning of a promising new chapter, with future visits poised to further invigorate the industry and local economy.
Celebration
A Soaring Festive: celebrate the season in style at Ifuru Island Maldives
This festive season, Ifuru Island Maldives invites guests to a tropical paradise celebration under the theme ‘A Soaring Festive.’ Taking place from December 21, 2024, to January 10, 2025, the event promises a vibrant, entertainment-filled program designed to create joy, excitement, and lasting memories.
Catering to diverse preferences, A Soaring Festive offers an array of experiences, from dynamic nightlife and unique performances to relaxed island vibes, ensuring there is something for everyone.
Renowned DJ Rawlo will headline the nightly entertainment, captivating audiences with high-energy performances and dynamic beats. Breaking away from conventional DJ stereotypes, Rawlo’s electrifying sets promise to keep guests dancing under the stars until late into the night.
Adding to the festive lineup, the talented duo Synthetic Seduction—comprising Evgeniya and Olcay—will deliver versatile performances, including soulful saxophone melodies, lively DJ sets, and engaging duo band shows. Whether guests are enjoying cocktails by the pool or dancing on the sand, this duo creates the perfect ambiance for both relaxation and high-energy fun.
For those seeking visual artistry, Jonas and Aygul will dazzle with awe-inspiring fire shows, mesmerising LED displays, skillful juggling acts, and elegant belly dancing. Their multi-faceted performances promise to light up the island with unforgettable entertainment.
Complementing the headline acts, ‘A Soaring Festive’ features a variety of activities designed to enhance the holiday experience. Guests can participate in beach games, competitions, and themed culinary events that celebrate the flavors of the season, ensuring a celebration filled with joy and excitement.
Featured
New deep-sea fish species discovered in Maldives: Chromis Abadhah
In a breakthrough for marine science, a new species of fish has been discovered in the pristine waters of the Maldives. Named Chromis Abadhah, the species derives its name from the Maldivian Dhivehi word Abadhah, meaning perpetual, symbolising the ongoing commitment to planetary conservation. The name also acknowledges the support of the Rolex Perpetual Planet Initiative, which funded the research.
The fish was first spotted near Maafilaafushi in the Kaafu Atoll. Subsequent studies revealed that the species inhabits multiple regions of the Maldives, ranging from Lhaviyani Atoll to Dhaalu Atoll. Researchers documented the fish in eight distinct locations, indicating that it may be distributed across various parts of the country.
Chromis Abadhah resides at depths between 95 and 110 metres, in the mesophotic zone, where sunlight begins to fade. This habitat sets it apart from other species in its family, which are typically found in shallower waters of around 30 meters.
The new species belongs to the ‘Dan’ba’ family, a group of damselfish commonly found in Maldivian seas. However, Chromis Abadhah is distinct from its relatives in several ways:
- Unlike other Chromis species, it lacks the characteristic black cross line near the neck.
- Its upper shell comprises 14 bones, compared to the typical 13 seen in related species.
While other Chromis species, such as Chromis axillaris, Chromis pelora, and Chromis woodsi, are found in various parts of the world, Chromis Abadhah appears to be endemic to the Maldives, making it a unique addition to the region’s biodiversity.
The study was a collaborative effort involving Maldivian experts and international scientists. To better understand the species, researchers captured four specimens using a specialised net. Their findings, published in a scientific paper, highlight the importance of deep-sea exploration in uncovering hidden marine treasures.
The identification of Chromis Abadhah underscores the Maldives’ rich marine biodiversity and the critical role of research in its preservation. This discovery also emphasises the importance of protecting deep-sea habitats, which often harbour unique and endemic species.
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