The Maldives Transport and Contracting Company Plc (MTCC) has invited qualified firms to submit Expressions of Interest (EOI) for the design, financing, and construction of a 25-storey apartment complex in Hulhumalé Phase 2.
According to an announcement published by the company today, MTCC will execute the project under a Design-Build-Finance model. The development will occupy a plot area of approximately 12,015 square feet, with an estimated built-up area of around 8,982 square feet.
Plans for the high-rise structure allocate the ground and first floors for commercial spaces, whilst the second through 25th floors will house affordable residential units.
The selected delivery partner will oversee comprehensive site master planning, architectural engineering, full financial modelling, capital structuring, and turnkey construction management and execution.
http://x.com/MTCCPlc/status/2121871218697703778?s=20
To qualify for the tender, applicants must demonstrate the financial capacity to secure debt and equity financing for real estate developments valued at over $10 million. Prospective partners must also provide audited financial statements covering the past three fiscal years.
On the technical front, applicants must prove their experience as a lead developer or prime contractor on at least three comparable mixed-use or commercial projects completed within the last decade. Submissions must also detail the firm’s health, safety, and environmental (HSE) management practices.
Furthermore, interested parties must meet strict regulatory compliance standards by submitting valid company registration certificates, relevant national building authority licences, up-to-date tax clearance certificates, and a Power of Attorney if a representative other than the Managing Director signs the submission. Applicants must also include a detailed company profile outlining any joint-venture structures, alongside case studies of past projects featuring contract values, timelines, locations, and client references.
MTCC has instructed interested firms to submit their Expressions of Interest and supporting documentation via email to tenders@mtcc.com.mv before 12:00 MVT (GMT+5) on 22 November 2026.
