SoEs

In a significant development, Urbanco has unveiled plans for a substantial USD 259 million (MVR 4 billion) project aimed at reclaiming land for allocation in Hulhumale’, establishing a cruise terminal,...

Maldivian Airlines, the esteemed flag carrier of the Maldives, has unveiled plans to inaugurate its eagerly awaited flight operations to Bangalore, India, beginning October 30th, 2023. 

Employee motivation and satisfaction play a crucial role in the success of any organization. One effective way to enhance these aspects is through the provision of performance-based bonuses. These monetary...

In a groundbreaking move that marks a significant leap in the realm of technological advancements, the State Trading Organization (STO) of the Maldives has introduced a state-of-the-art Smart Store, harnessing...

Just two months ago, on April 1st 2023 the Housing Development Corporation (HDC) during an event to celebrate its 22-year anniversary officially announced its rebranding to Urbanco.

Advancements in technology have revolutionized our way of life, enabling us to embrace a more convenient and accessible existence. With the rapid progress of the internet and mobile technology, nearly...

On 4th April 2023, Urbanco, previously known as Housing Development Corporation (HDC) signed an agreement with Thoddoo Island in North Alifu Atoll in order to turn Thoddoo into a smart...

On April 1st, 2023, in an event to celebrate its 22-year anniversary, the Housing Development Corporation (HDC) rebranded the company to Urbanco.

In a predictable turn of events, on 26th March 2023, the Managing Director of the largest state owned enterprise, State Trading Organisation (STO) has been dismissed.