The Maldivian government, on Thursday, has awarded 206 projects to private companies on a contractor financing basis.
The people-centered development initiatives cover nine key sectors. A special ceremony was held this morning at Barceló Nasandhura in Malé City to formalize the agreements for the 206 projects, which were awarded to 53 companies. The ceremony was graced by President Dr. Mohamed Muizzu.
The government awards 206 projects to private companies on November 6, 2025. (Photo/President's Office)
The details of the projects by sectors
School-specific projects from the Education Sector – 31
Development of health centres – 30
Development of police stations – 29
Development of waste management centres under the environment sector – 24
Fisheries sector – 2
Sports sector – 52
Housing and infrastructure – 13
Religion – 14
Youths – 1
To reduce expenditure, the current administration awarded most island-based projects this year to state-owned companies, raising concerns among private firms. Private companies have also expressed growing frustration over delays in government payments for various projects.
President Dr. Mohamed Muizzu speaks at ceremony to award 206 governnment projects to private companies on November 6, 2025. (Photo/President's Office)
On October 22nd, while addressing residents of L. Gan, President Muizzu assured that his administration would clear MVR 2.3 billion in outstanding debts owed to private businesses and award several development projects to private companies within the next 10 days.
Speaking during Thursday’s ceremony, the President revealed that the government is scheduled to award additional projects to private companies, adding payments under these projects will be disbursed to contractor in accordance with the agreements.
“There will be no delays in receiving payments for these projects which have been signed. The delays which persists when the government disburses payments will not be an issue here,” he said.
Notably, the government has also contacted 10 developmental projects to private companies over the past two years, bringing the total of projects awarded within these three days to 216. Out of this, 123 projects are island-based.