President Dr Mohamed Muizzu has announced plans to launch a new tourism venture in Hankede, Addu City.
To expedite this initiative, the President has repealed the designation of Hankede as a tourism real estate development project zone, which had been leased to the Maldives Fund Management Corporation under Presidential Decree 8/2021, issued on 2 December 2021. This repeal was formalised today through Presidential Decree 25/2025.
With this decision, the Hankede area has been placed under the Ministry of Tourism and Environment for its dedicated development as a tourism destination.