MMA seeks consultant for office building in Hulhumale
Earlier this month, the MMA board decided to purchase additional land in Hulhumale for MVR 14 billion to establish a financial centre.
The Maldives Monetary Authority (MMA) is seeking a consultant for the design and construction phase of a new office building in Hulhumale Phase 1.
The central bank announced the requirement for a technical assistant to support the project. In November 2023, MMA had previously announced the recruitment of a consultant for the same phase of the project.
Interested parties can register for the bid by submitting an Expression of Interest (EOI) via email to procurement@mma.gov.mv.
Key deadlines:
-
EOI Submission: 10 April 2025, by 11 am
-
Registration and Clarification of Bid Documents: 17 April 2025, by 11 am
-
Bid Proposal Submission: 30 April 2025, by 11 am to the central bank
MMA previously acquired two plots of land in 2023, purchasing 43,000-hectare lands for approximately MVR 211 million each. Some reports at the time indicated that the land in Hulhumale was acquired at a rate of MVR 4,860 per acre.
Earlier this month, the MMA board decided to purchase additional land in Hulhumale for MVR 14 billion to establish a financial centre. This follows the previous acquisition of 86,000 hectares at a total cost of MVR 422 million.
