MTCC seeks contractor for 25-story apartment complex in Hulhumale’

Maldives Transport and Contracting Company (MTCC) on Sunday invited expression of interest for the design, finance and construction of a 25-story apartment complex in Hulhumale’.

According to MTCC, the plot area in Hulhumale’ Phase II where the apartment complex is set to be built spans around 12,015 square feet, with the estimated buildup area spanning 8,982 square feet.

The ground floor and first floor are allocated for commercial use, while the rest of the floors are designated for affordable residential housing.

The scope of work:

• Comprehensive site master planning and architectural engineering.
• Full financial modelling and capital structuring
• Turnkey construction management and execution

MTCC requires applicants to provide documented evidence demonstrating their capacity to deliver a project of the scale.

Request for Expression of Interest (EOI) - Designing, Financing, And Construction Of 25 Storey Apartment Complex Building Link: https://t.co/7yatBKorfs https://t.co/aL6Xp30jU1

— MTCC Plc (@MTCCPlc) November 15, 2026

Submissions will be evaluated against the following criteria:

• Financial capability: Proven capability to secure debt and equity financing for real estate projects valued over USD 10 Million. Audited financial statements for the past three fiscal years must be provided.
• Technical track record: Demonstrated experience as a lead developer or prime contractor on at least three comparable mixed-use or commercial projects completed within the last ten years. Profile of health, safety, and environmental (HSE) management practices
• Regulatory compliance: Valid company registration, licensing with national building/regulatory authorities, power of attorney authorizing the signatory of the IOR submission, and up-to-date tax clearance certificates.

Interested parties have been asked to email the EOI to [email protected] by 12:00 am on November 22.