Housing Development Corporation (HDC) has allotted land from Hulhumale’ for Ocean Connect Maldives (OCM) for the development of the first submarine cable landing station in the Maldives.
The station will be developed at Hulhumale’ Phase II. The agreement pertaining to the land allocation was signed during a special ceremony held at HDC on Monday, by HDC’s Managing Director Ahmed Athif and OCM’s Managing Director Hussain Shihab.
Agreement was signed with Ocean Connect Maldives to allocate land for the development and operation of a Submarine Cable Landing Station.— HDC (@hdcmaldives) December 5, 2022
Our Managing Director Mr. Ahmed Athif and the Managing Director of OCM, Mr.Hussain Shihab signed the agreement.@SmartCommv @oceanconnectmv pic.twitter.com/vJLrmHpw9F
This submarine cable is being established as part of efforts to decrease internet prices in the Maldives, and provided faster speeds of internet across the country. The project was contracted to Indian billionaire businessman Mukesh Ambani’s Reliance Jio Infocomm Limited (RJIL) back in February.
The cable connecting to Maldives is the Reliance company’s India-Asia-Xpress (IAX) that will connect Mumbai and Chennai to Singapore.
The company is also building another cable, India-Europe-Express (IEX), that would connect Mumbai to Europe.