Maldives Transport and Contracting Company (MTCC) has invited expressions of interest from qualified parties to design, finance and build a 25-storey apartment complex in Hulhumalé.
The building will be built in Hulhumalé Phase 2 under a design-build-finance model.
Floors two to 25 will be used for affordable residential housing, while the ground and first floors will be for commercial use.
The plot covers approximately 12,015 square feet, with an estimated built-up area of approximately 8,982 square feet.
The selected delivery partner will be responsible for site master planning and architectural engineering, full financial modelling and capital structuring, and turnkey construction management and execution.
To be eligible, applicants must show proven capacity to secure debt and equity financing for real estate projects worth more than USD 10 million. They must also submit audited financial statements for the past three years.
Applicants must also have experience as a lead developer or prime contractor on at least three comparable mixed-use or commercial projects completed within the last ten years. They must hold valid company registration and licences from national building and regulatory authorities, and submit up-to-date tax clearance certificates.
Further details are available in the EOI notice published on MTCC’s website.
