‘Infrastructure Development Solution Company’ incepted for infrastructure development

President Dr. Mohamed Muizzu, on Friday, has incepted a new state-owned company for infrastructure development, Infrastructure Development Solution Company.

The company was formed by Presidential Decree No. 14/2025 published on the government gazette on Friday.

Wholly owned by the Government of Maldives, the company is poised to spearhead urban development initiatives in both densely populated and rural regions nationwide. Aligned with the Government’s economic strategy, its focus will be on construction, casting, and related activities, utilizing modern technology and resources.

The company has an authorized capital of MVR 100 million, divided into 10 million shares with a nominal value of MVR 10 each. It will function as an independent legal entity with its own official seal and will have the authority to enter into contracts and engage in legal proceedings under its own name.