DAMAC awards $148mn contract to Aima Construction for Maldives resort
The 34-hectare luxury resort, scheduled to open in 2025, will be located in the Bolidhuffaru Reef in South Male Atoll.
DAMAC Properties has awarded Aima Construction Company Pvt Ltd with the main works construction contract for 120 villas at its recently announced Mandarin Oriental Bolidhuffaru Reef resort in the Maldives.
The contract, valued at approximately $148 million, was awarded by DAMAC to commence construction on a series of resort accommodations, which will extend across three private islands in Maldives.
Aima Construction is set to deliver 120 stand-alone villas, 64 of which are overwater and 56 are beachfront villas. These villas, which will be some of the market’s largest, will also come with private pools and ocean views.
Commenting on this, Mohammed Tahaineh, general manager of projects at DAMAC Properties, stated: “We are fully confident in the capabilities of Aima Construction, whose track record and enthusiasm for the project exceeded all our expectations during an extensive and highly competitive candidate vetting process. DAMAC Properties looks forward to seeing such a high-profile development project, the first of its kind for our group, come to fruition across the beautiful Maldives”.
The 34-hectare luxury resort, scheduled to open in 2025, will be located in the Bolidhuffaru Reef in South Male Atoll.
This tropical location is easily accessible through a 30-minute yacht ride from Male’s Velana international airport or other forms of water transportation.
Characterised by its white sand beaches and coral reefs, the upcoming resort will offer a number of recreational activities, water sports, culinary experiences, wellness retreats, and more.
Resort visitors will also get to choose from eight dining outlets, including three specialty restaurants and an exclusive venue featuring a pool bar. Furthermore, indoor and outdoor events will also be made available to guests for a wide range of uses.
