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Category Archives: Agreement

Floating islands project in Maldives launched

A project to develop floating islands in the Maldives has been launched after the government entered into a second agreement with Dutch pioneering company Dutch Docklands. The innovative concept is one introduced by the company which describes itself as the global leader in floating developments, concepts, and infrastructure. The government first entered into an agreement with the company in 2019. Reports of the project …

India’s JMC Projects contracted to build 2,000 h...

The Government of Maldives Monday signed an Engineering Procurement and Construction (EPC) agreement with India’s JMC Projects Limited for the construction of 2,000 housing units in Hulhumale’. The corporation established by the government to carry out housing projects, Fahi Dhiriulhun Corporation signed the agreement on behalf of the Maldives government. The agreement was signed by the corporation’s Managing Director, Salfiyya Anwar, while the Assistance …

Agreement Signed to Build 2,000 Housing Units in Hulhu...

An agreement has been signed to construct 2000 social housing units in Hulhumale’ Phase 2. It was signed last Tuesday between the Maldivian government’s Fahi Dhiriulhun Corporation (FDC) and India’s National Buildings Construction Company (NBCC). As per the agreement, NBCC is to design and construct the 2,000 social housing units in the capital’s reclaimed suburban district. The project includes the construction of 1,400 units …

BML to provide home loans to pensioners

Bank of Maldives has signed an agreement with the Maldives Pension Administration Office (MPAO) to accept retirement savings as equity for home loans. This will pave the way to make home finance more accessible and more affordable for Maldivian individuals and families who, until now, have found it difficult to meet the initial equity down payment required. BML Home Loan applicants will now be …

Rainbow Constructions Developing 145 Mix Housing units...

Housing Development Corporation (HDC) hands over the development of 145 Mixed use Residential units to Rainbow Construction today. HDC stated ‘Today we have signed the agreement with Director of Rainbow Construction Mazin Ibrahim Rafeeq and Managing Director of Housing Development Corporation Mohamed Simon. Also these apartments are estimated to be finished within 2 Years and 2 Months time’. Rainbow Constructions director Mazin said ‘The …

Contractor Agreement Signing – Sea Life Global

Contractor agreement signing to initiate the construction of Sea Life Global Pvt Ltd’s flats in Hulhumale will be held tomorrow (31.07.2016) night  at 8:30 pm at Dharubaaruge Rannabandeyri Maalam. According to the Company’s Managing Director Mr. Ahmed Moosa Mohamed, they will be Signing the contracts to start the first phase of the Project to build the housing units in Hulhumale’ N3.     Source: …

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