On August 10, 2017, a MOU on construction of Maldives airside economic zone phase I was signed with the partner’s development company. Our proposal was highly appreciated by the partner and a system was established for communication in pushing the follow-up design changes and land planning.

Relying on the huge increase of “cash flow, passenger flow,logistics and information flow”brought by the expansion of Vilana international airport, BUCG conceived to build Maldives airside economic zone. Based on detailed investigations and focusing on developing airside businesses, a team from BUCG-International, with the resources of combining BUCG’s superior industrial chain, putting into full play of segment coordinative interaction and integrating the design development group, put forward high quality solutions by sorting out businesses in four leading sectors, high-tech, headquarters economy, exhibition and tourism and commercial transactions. The solutions were unanimously supportted  by the economic development department of Maldives as well as the partner.

Phase I will be located on Hulumah Island, Maldives, with a construction area of 120000 square meters, and the investment will be 250 million dollars. It is designed to create and construct a complex, highly linked with the airport,to provide comprehensive city facilities and airside services.In the respect of how to operate it, BUCG will make full use of the sense of responsibility and the power of influence of a big state-owned company. A variety of Chinese elements, like China aviation, information communication, finacial institutes and shopping malls,will be imported in a pattern of “Beijing +”, in the practice of the Belt and Road initiative to build a win-win cooperation flatform and to build a bridge between Beijing and the outside.

The airside economic zone will help further development of Maldives tourism, and meanwhile the exhibition business,IT technology and commercial transaction, etc. will obviously produce pulling effects,promote the development of the government regional integration strategy in Maldives, promote industrial transformation and upgrading, create a large number of jobs, and bring huge economic and social benefits to the region. At the same time, the program plans to use self-raised funds to invest, and it will also be BUCG’s first project of investment in Maldives, which will help us integrate the advantage resources, achieve rolling development, take root in Maldives market, raise BUCG’s international fame and brand influence.In future, BUCG will continue to carry forward on the basis of phase I and further promote industrial upgrading and business extension.