Bank of Maldives (BML) has announced they are seeking a company to construct their new head office in Hulhumale' Phase 2.
BML's announcement reads that companies that can design, construct and finance the construction of their new head office at Hulhumale' Lot No. 11824 can now submit their Expression of Interest (EOI).
The announcement further reads that the building will be constructed on a plot that is 2,648.40 square meters in size.
- 14 floors including two basement floors, with the ground floor being made specifically for customer service, staff needs and retail matters.
- Must have a parking garage with space for at least 65 cars and 400 motorcycles.
- The 12th floor is specifically for a park terrace.
- The 13th and 14th floors will be the executive floors.
- Solar farm must be constructed for generating renewable energy.
The company that is awarded with the project must take full responsibility in finishing it. Project financing must be arranged by the company that is awarded the project via foreign resources in USD, and not by BML.
The announcement reads that BML will not accept foreign currency arrangement documents. It also reads that conventional or Sharia compliant financing models may be submitted.
The deadline to submit EOIs for the project is 30th November, 4:00 pm.
BML received the plot in Hulhumale' via property swap in August 2025. The ownership of the Hulhumale' Phase 2 plot under the Housing Development Corporation (HDC) was put under BML's name in exchange for a property in Hulhumale' Phase 1. Both plots have 15,800 square feet each.
