HDC officially takes over two Vinares towers

HDC’s Managing Director Suhail Ahmed ( CR) and China Machinery and Engineering Company (CMEC)’s Chief Representative to Maldives Liu Xiaoda (CL) sign agreements for the takeover of Vinares apartments on June 20, 2022. (Sun Photo/Mohamed Naail Hussain)

Housing Development Corporation (HDC) has officially taken over two towers developed in Hulhumale’ Phase II under the Vinares Housing Project.

The agreement pertaining to the hand over was signed by HDC’s Managing Director Suhail Ahmed and China Machinery and Engineering Company (CMEC)’s Chief Representative to Maldives Liu Xiaoda in a ceremony held at Hulhumale’ Phase II on Monday evening.

The ceremony was also attended by Vice President Faisal Naseem, Cabinet ministers, and Chinese embassy officials.

Speaking at the ceremony, Suhail said companies like CMEC played an important role in the development of Hulhumale’.

HDC’s Managing Director Suhail Ahmed speaks during the hand over of Vinares apartments on June 20, 2022. (Sun Photo/Mohamed Naail Hussain)

“We are able to develop this island with the aid of developers like these, and through the relationship they have with the government,” he said.

CMEC’s Chairman Wang Bo said the company had been involved in various projects in Maldives since 2019.

“Maldives has become a second home to our workers,” he said.

HDC officially takes over Vinares apartments on June 20, 2022. (Sun Photo/Mohamed Naail Hussain)

1,344 apartments have been built in 10 towers under the Vinares Housing Project. HDC is offering prospective buyers the chance to tour a mock apartment built under the project.