The Ministry of Youth and Sports has announced plans to construct a US$40 million stadium in Hulhumalé, local media has reported.
“Several components of Hulhumale’ Youth City will be promoted at the forum in Singapore. The stadium being planned for Hulhumale’ will stand out in the region,” Minister for Youth and Sports Maleeh Jamal told Sun Online.
The minister revealed that the investment opportunity would be included in the Maldives Investment Forum, scheduled to be held in Singapore on April 25.
Haveeru has today learned that over 300 investors from 15 countries are set to attend the forum at the prestigious Marina Bay Sands hotel.
President Yameen’s plans for Hulhumalé include the development of ‘youth village’ with a population of 50,000 people, as well a bridge linking the reclaimed island with the capital, Malé.
The vision for the youth city meanwhile includes a “technopolis park” as well as entertainment and sports facilities, he said at the launch of a new housing project this month.
Hulhumalé will become “a paradise on earth” for migrants from across the country, said Yameen.
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