HDC to Nix ‘Urbanco’ Branding
The Housing Development Corporation (HDC) will cease using the ‘Urbanco’ brand name, it has been confirmed. HDC was rebranded ‘Maldives...
Reclamation Work Commences on Site B of Hulhumalé Phase III Project
The reclamation work on the Site B of Hulhumalé Phase III development project has commenced, Urbanco announced on Saturday. In...
Ras Malé Reclamation Project Raises Transparency and Governance Concerns
The recent developments surrounding the Ras Malé land reclamation project, the flagship initiative of the current government, have ignited widespread...
Parliament Examines Urbanco’s MVR 200 Million Loan Withdrawal During Election
Urbanco, the state-owned housing development entity, is facing scrutiny for the withdrawal of two loans totalling MVR 200 million from...
Government Denies Switching Hulhumalé Phase III Plots to Fushidhiggaru
The administration has denied allegations that it has decided to substitute land plots given to those in Hulhumalé Phase III...
Urbanco MD Rubbishes Claims Government Backing out of Promise to Hiyaa Flat Owners
Urbanco’s Managing Director (MD) and former Member of Parliament for Felidhoo, Ibrahim Fazul Rasheed, has said that the money spent...
Government Initiates Transfer of Hulhumalé Municipal Services to Malé City Council
The President’s Office (PO) has begun the administrative process of transferring all municipal services at Hulhumalé, currently provided by Urbanco,...
Urbanco to Seek Advice From PCB, Parliament on ACC Directive
Urbanco will seek the advice of the Privatization and Corporatization Board (PCB) and the State-Owned Enterprise (SOE) Committee of the...
ACC Investigators Enter Urbanco’s Offices Over Alleged Violation of Directive
The Anti-Corruption Commission (ACC) investigators entered Ubranco’s headquarters on Tuesday to determine whether the company had violated the commission’s directive...
Urbanco to Sell Remaining Units at Vinares Residential Complex
Urbanco will open up the opportunity on Sunday for those interested in purchasing unsold units at Vinares Residential Complex in...
