Housing Development Corporation Ltd. (HDC) is a 100% state owned enterprise formed by a presidential decree, initially established in 2001.

HDC undertakes and manages the overall planning and building of the reclaimed city of Hulhumalé – the Maldives’ biggest and most ambitious urban development project. Currently working towards creating Hulhumalé to become the nation’s first sustainable city, the corporation undertakes projects of hospitality, industrial, recreational, commercial and residential in nature, while introducing new opportunities on a scale previously never seen before in the country.