Today Thilafushi has a
landmass of more than 4.6 million ft.2 (0.43 km²). The speedy terrestrial growth of Thilafushi was observed by the
Government, and in November 1997, it was decided that land was to be leased to
entrepreneurs interested in acquiring land for
Industrial sector industrial purposes. Initially there were just 22 lease holders. Within the past 10 years, this number has doubled to 54 resulting in more than 1.2 million square feet (0.11 km² or 27.5 acres) of land being used currently, which generates an excess of 14 million
Rufiyaa (about
USD1,000,000.00) per annum. Soon after, an area of 0.2 km² (known as
Thilafushi-2) was reclaimed using white sand as the filling material to provide terra firm for the more heavy industries. The current (major) industrial activities in the island are
boat manufacturing,
cement packing,
methane gas bottling and various large scale
warehousing. The government is also planning a 50-ton incinerator facility. In March 2015 the Maldivian government decided to relocate the central commercial port from Malé to Thilafushi. However the deal was not completed. ==Environmental issues==