Hulhumalé or Hulhulemale (Dhivehi: ހުޅުމާލެ) is a reclaimed island located in the south of North Male Atoll, Maldives. The artificial island was reclaimed to establish a new land mass required to meet the existing and future housing, industrial and commercial development demands of the Malé region. The official settlement was inaugurated by President Gayoom on May 12, 2004.
The development and management of the island is undertaken by a Government owned corporation called Housing Development Corporation (formerly Hulhumalé Development Unit /Hulhumalé Development C-operation) which was incorporated on March 23, 2005.
Reclamation of Hulhumalé began on October 16, 1997 on the Hulhulé-Farukolhufushi lagoon 1.3 km off the north west coast of Malé. Initial reclamation (or Phase I) consisting of 45% of land mass was carried out by the Ministry of Construction and Public Works (MCPW) costing USD 11,000,000.00. The project was then continued by a Belgian Joint Venture Company, International Port Engineering and Management (IPEM) and Dredging International (DI) costing an estimated USD 21 million. All the works involving reclamation and coastal structure development covered in Phase I was completed by June 2002.
A basis of development known as Phase I was formed under the first Master Plan which was completed in July 2001 by a consortium of consultants from Singapore with the contribution of many government agencies, committees and individuals. It conceptually defines the long-term land use and development strategy (including urban design proposals, transportation plans and utility infrastructure) with considerations for future infrastructure connections to the adjacent Phase II and planned airport extension areas. This Master plan is to be periodically reviewed and adjusted to include advances in development.