Maldives’ Velana International Airport Inaugurated

Aligned with its commitment to its strategic sustainable development goals, Abu Dhabi Fund for Development (ADFD) on Sunday participated in the inauguration the Velana International Airport, a landmark project that aims to significantly enhance Maldives’ infrastructure.

With a total investment of $90 million from ADFD, the project was implemented in two phases, receiving co-financing from Saudi Fund for Development, Kuwait Fund for Arab Economic Development, and OPEC Fund for International Development.

This cooperation highlights the shared commitment of regional development institutions to support high impact projects in developing nations to contribute to an inclusive, sustainable growth, ADFD said.

The inauguration ceremony was attended by Maldives President Dr Mohamed Muizzu, ADFD Director General Mohamed Saif Al Suwaidi, and the UAE Ambassador to Maldives Rahma bin Abdulrahman Al Shamsi, along with senior officials from both nations and from Saudi Fund for Development, Kuwait Fund for Arab Economic Development, and OPEC Fund for International Development.

ADFD’s funding played a critical role in enhancing the operational capacity of Velana International Airport, accommodating over 7 million passengers annually meeting the nation’s growing travel demand.

The project included the expansion of the airport’s western passenger terminal, the implementation of 26 passenger boarding bridges, and the construction of a state-of-the-art international terminal. These enhancements reinforce the Maldives’ position as a key hub for commercial, tourism, and investment activities, and underscore the Fund’s commitment to supporting impactful, sustainable projects that improve the quality of life in communities.

Advancing Maldives’ Goals

Lauds Speaking on the occasion, Maldives President Dr Mohamed Muizzu expressed his appreciation to H H Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, for the continuous support from the UAE to advance Maldives’ national goals.

He said: “ADFD’s financing of Velana International Airport, in partnership with international collaborators, reflects our shared commitment to achieving sustainable development goals and demonstrates a long-term strategic vision for infrastructure development and growth in developing nations. The opening of this airport will further enhance the Maldives’ position in the global aviation sector.”

Mohamed Saif Al Suwaidi said that this collaboration is a testament to ADFD’s dedication to supporting the sustainable development goals of its partner nations. He reaffirmed ADFD’s mission towards strengthening strategic partnerships between regional development institutions and international organizations, fostering broader and more sustainable developmental impacts.

“Through our partnership with the Government of Maldives and regional development institutions, we have collectively contributed to country’s economic and social growth. Coinciding with the Maldives’ Independence Day celebrations, the inauguration of Velana International Airport underscores our ongoing commitment to ensuring greater resource efficiency and supporting our partner nations to build a resilient economy and prosperous future,” he added.

ADFD’s partnership with Maldives dates to 1978. Over the past four decades, the Fund financed 11 strategic projects with a total investment of $300 million, spanning across key sectors including transportation, tourism, healthcare, and energy.

ADFD also played a critical role in supporting Maldives’ economic activities and enabling the country to achieve its sustainable development objectives.