Red Crescent launches project with First National to Develop its land

The Maldivian Red Crescent is teaming up with First National to develop its land. They signed an agreement that will ensure the Red Crescent's humanitarian work can continue sustainably in the future.

This development project, covering everything from planning and financing to construction, will be a joint effort between the two parties.

This project is the first of its kind in the Maldives to be implemented under a Blended Finance Model, aimed at promoting social work for the benefit of public, private, and community interests.

Following the signing ceremony, which took place at Maagiri Hotel; First National CEO Hassan Ziyath stated that the project lays the groundwork for humanitarian work in the Maldives to proceed sustainably. He added that First National is extremely proud to have been given the opportunity to work on such a significant project.

At the ceremony, Maldivian Red Crescent President Ali Nashid stated that this is a project that the Maldivian Red Crescent has been coordinating for many years. He expressed MRC's hope that the project's progress will pave the way for expanding the services and activities the organization provides, and enable the sustainable operation of programs focused on disaster response, disaster preparedness, and building resilient communities.

This project is the largest in Maldivian history to be undertaken for the development of the Maldivian Red Crescent's special facilities.