The Maldives strategic infrastructure development initiative is gaining momentum as plans for the expansion of the port of Gulhifalhu progress. Indian companies are ready to participate in the project, with an Engineering, Procurement, and Construction (EPC) tender expected to be issued in the 2023-2024 financial year (FY24). This development marks an important step in strengthening bilateral ties between India and the Maldives.

Gulhifalhu Port, located near the capital Malé, is of utmost importance in facilitating maritime trade and commerce for the Maldives. The expansion project aims to increase the port's capacity and modernize the infrastructure to accommodate larger ships, ultimately boosting the country's trading capacities and economic growth.

The upcoming EPC tender is expected to attract bids from prominent Indian companies specializing in port and shipping infrastructure. This is in line with India's commitment to supporting the Maldives' development ambitions and strengthening its role as a key partner in the Indian Ocean.

The collaboration between Indian companies and the Maldivian government on this strategic project reflects the shared vision of regional connectivity and economic prosperity. As the EPC procurement process unfolds in FY24, all eyes are on the transformative potential of this venture, which not only contributes to the economic resilience of the Maldives but also strengthens the lasting friendship between the two nations.