The government has opened bidding for the construction of 1,000 housing units in Hulhumalé Phase III under a Public Private Partnership model, limiting eligibility to fully Maldivian-owned companies.
The Ministry of Construction, Housing and Infrastructure stated that the project will follow a design-and-build approach and forms part of the broader policy objective of expanding access to affordable housing across different income groups. The 1,000 units in Phase III are classified under an affordable home ownership model positioned above basic housing standards.
The ministry indicated that restricting participation to 100 per cent Maldivian-owned companies is intended to increase local involvement in large-scale development projects and strengthen domestic capacity within the construction sector.
Proposals must be submitted by 13:00 on 23 March.
The project falls under the government’s Housing for All policy, which initially announced 7,900 housing units for allocation within the Greater Malé region. Construction has already commenced on 3,272 affordable units, including 312 flats in Villimalé, 546 units in Hulhumalé Phase I and 2,414 units in Hulhumalé Phase III. These developments are being undertaken by the Bank of Maldives.
Beyond these projects, an additional 4,000 housing units are financed by India, while the Saudi Fund for Development and other external partners are supporting further housing initiatives. According to official figures, more than 9,000 housing units are currently at various stages of construction nationwide.
The latest PPP call for proposals signals continued expansion of housing development in the Greater Malé area, where demand remains concentrated.
