Maldives cancels Malaysia's Hextar pact for council buildings
The scope of the agreement included the construction of the buildings over a two-year period at a cost of $36 million (MVR 555 million).
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The Ministry of Local Government has cancelled its agreement with Malaysia’s Hextar Global to construct council buildings in 55 islands across the Maldives.
The agreement with Hextar was signed in January this year. The scope of the agreement included the construction of the buildings over a two-year period at a cost of $36 million (MVR 555 million).
Local Government Minister Adam Shareef confirmed the cancellation in a post on X (formerly Twitter). According to the minister, the decision was made after Hextar rejected changes proposed by individual councils regarding the project. The company is not required to pay any compensation for the cancellation.
“The proposals of the companies that have expressed interest in constructing the council buildings are being evaluated, and the work will be awarded to a Maldivian company,” the minister stated.
No details were provided regarding which local company would take over the project.
