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SUBSIDIARY NAME

BEKER INFRA AND CONSULTING

COUNTRY

MALDIVES

SECTOR/ INDUSTRY

CONSTRUCTION

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

APR 5, 2022

ACQUISITION VALUATION

600 MILLION USD

TOTAL ASSET VALUATION

6 BILLION USD

REAL ESTATE

BEKER INFRA AND CONSULTING: IIB-DG acquire BEKER INFRA AND CONSULTING on APR 5, 2022 for Social housing project is the single largest investment dosage in the low-income populace sector in the Maldives. It thus has the potential of being a major stimulus for a national economic turnaround. The aim is to create opportunities for economically weaker sections and personal development through housing as an income-generating tool during the construction period. The units are designed to accommodate a range of family types, including nuclear families, single-parent families, extended families (grown-up children, elder parents), and external tenants. The target is to construct at least 15,000 such units using 3D penal technology in order to achieve environmental sustainability. The construction technology shall meet the stringent requirements of European housing construction regulations.

SUBSIDIARY NAME

BEKER INFRA AND CONSULTING

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