President Ibrahim Mohamed Solih has stated that the Hankede Development Project is currently in its initial stages and is projected to be completed within two years.

The President made the statement during his address following the initiation of the land reclamation project at the Hankede-Maradhoo intersection in Addu City.

President Solih emphasised the government's initiatives to enhance tourism in Addu City during his address. He highlighted the synchronised progress of the land reclamation and road construction projects in conjunction with the integrated tourism project in Hankede.

Spearheaded by the Maldives Fund Management Corporation (MFMC), the comprehensive development plan for Hankede encompasses diverse tourism facilities catering to various markets and sectors, encompassing a range of accommodation options such as integrated resorts, hotels, and guesthouses. The President stated that the project is currently in its initial stages and is projected to be completed within two years.

Upon completing the Hankede project and other associated developments, Addu City would have the capacity to accommodate 7,000 tourist beds, thereby facilitating increased tourism opportunities in the region.