SUBSIDIARY NAME
HULHUMALE CONVENTION CENTRE WITH HOTEL
COUNTRY
MALDIVES
SECTOR/ INDUSTRY
CONSTRUCTION
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
–
ACQUISITION VALUATION
287 MILLION
TOTAL ASSET VALUATION
2.87 BILLION
REAL ESTATE
HULHUMALE CONVENTION CENTRE WITH HOTEL: IIB-DG acquired HULHUMALE CONVENTION CENTRE WITH HOTEL to construct a convention Centre and hotel in Maldives. HDC undertakes and manages the overall planning and building of the reclaimed city of Hulhumale’ – the Maldives’ biggest and most ambitious urban development project. HDC is currently working towards creating Hulhumale’ to become the nation’s first sustainable city and smart city in Maldives and is involved in undertaking projects of hospitality, commercial and residential in nature, many of which are unique and of a scale unseen in the country.
Hulhumalé now has plans to explore further markets such as MICE tourism, medical tourism sports and adventure tourism as well as high end luxury markets.
SUBSIDIARY NAME
BEKER INFRA AND CONSULTING
BEKER INFRA AND CONSULTING