Housing Development Corporation (HDC) on Wednesday handed over a land plot from reclaimed suburb Hulhumale' to Bank of Maldives (BML) for the development of the bank's new office complex.
The agreement was signed by HDC's Managing Director Suhail Ahmed and BML's CEO Timothy Sawyer.
According to HDC, BML's new office building will be completed within the next five years, as per the contract.
The land plot is located in the first phase of Hulhumale', adjacent to Amin Avenue to the south of Central Park.
HDC did not disclose the area of the plot.