Industrial land plots in Hulhumale’ Phase 2 are now available for sale through a competitive bidding process. The available plots range in size from 3,689 to 3,746 square feet, and are located within the designated area for the development of the “Integrated Hub” in the phase.
The bidding process is open to Maldivians aged 18 and above, with companies interested in purchasing land required to be registered in the Maldives and fully owned by Maldivians. The opening bid for the plots is set at MVR 7,500 per square foot, and interested parties can submit their applications through an online portal.
The sale process will be conducted in two stages: the submission of an Expression of Interest (EOI), followed by a bidding phase in the event that multiple EOIs are submitted for the same plot.
