Invest in Malé | Vilimalé

Opened opportunities

27
Feb

MCC/BDU/RFP/2022/004

Request for Proposal - Development of Mixed-use Parking Buildings

27
Feb

MCC/BDU/RFP/2022/003

Request for Proposal - Development of a Wet Market

27
Feb

MCC/BDU/RFP/2022/002

Request for Proposal - Commercial Building in Villimale'

24
Feb

MCC/BDU/RFP/2022/001

Request for Proposal - Development of an Outdoor Food Court

Investment Highlights

#1

Unified business registration service

#2

Public private partnerships

#3

Investment programs for foreign portfolio investors

#4

Customs duty exemption for large scale projects

#5

Easy visa by obtaining business visa or corporate resident visa

#6

Freedom to use foreign managerial, technical or unskilled workers

#7

Availability of international arbitration in dispute settlement

#8

No foreign exchange restrictions

#9

Long lease of land up to 99 years

Primarily for tourism related investments

Planned opportunities

Planned

Outdoor Children’s Park in Villimale'

Planned in Malé City

Planned

Water Sports Facilities and Recreational Opportunities in Villimale' Beach

Planned in Malé City

Planned

Mixed Local Market in Villimale'

Planned in Malé City

Planned

Mixed Local Market in Malé

Planned in Malé City

Planned

Wholesale Centre

Planned in Malé City

Planned

Establishment of an Office Building

Planned in Vilimalé

Planned

Establishing a Male' City Council Office Building

Planned in Vilimalé

Planned

Council Housing Units (500) in Villimalé

Planned in Vilimalé

Investment guideline

ANNOUNCEMENT OF REQUEST FOR PROPOSAL (RFP)

STAGE 1 – SUBMISSION OF PROPOSAL

Any proponent who takes part in the Request for Proposal (RFP) shall submit the proposal by filling out the relevant Application form as given in the RFP document.

STAGE 2 – EVALUATION OF PROPOSAL

Following any required clarifications, the submitted proposals shall be evaluated in compliance with the requirements as specific to the announced RPF requirements.

STAGE 3 – APPROVAL OF THE PROPOSAL

Should the proponent’s proposal pass the initial evaluation, the proposal shall be forwarded to management for decision on moving forward.

STAGE 4 – FRAMEWORK AGREEMENT

The management shall review the performance and compliance of the Framework Agreement and will give the final approval on the award of the investment opportunity, should the conditions as required have been met.

STAGE 4 – FINAL AGREEMENT

Should both parties come to agreement on the terms of the final award of the investment, a final Investment Agreement shall be signed with the Proponent confirming the award of the Investment.

Download Investment guideline in full details