The Maldives on Wednesday awarded development of 73 mixed-use residential housing units in the reclaimed suburb of Hulhumale to Jausa Investments.
Housing Development Corporation (HDC)’s Managing Director Mohamed Saiman and Jausa Investment’s managing Director Ahmed Jahdhan Jaufar signed the agreement in a ceremony held at HDC.
The new flats are to be developed to the west of Hulhumale’s Central Park.
According to HDC, the mixed residential housing units will be partly used for commercial purposes, and in part for residency. The project is to be completed within 26 months.
The Maldives had awarded various projects to develop more flats in Hulhumale to several companies last year as well, including Batch Construction, Apollo Holdings, Damas Company and a firm of India.