Housing Development Corporation (HDC) has announced the investment opportunity for interested parties to undertake the refurbishment, management, and operation of a local cuisine restaurant and to develop the Esjehigan'duvaru in Farukolhufushi located in Hulhumale'.
HDC stated that the preferred business model for the combined development project is the Development and Operation Rights model. However, HDC said the Expression of Interest (EOI) submitted should not be limited to the model, and benefits to both parties should be stated regardless of the model proposed.
Additionally, the corporation said that it would proceed with the EOI that best suits the corporation's vision, strategic objectives, and master plan. In evaluating the EOIs, the proposed business model, the experience of the operator, the proposed team, financial ability, and stability will be considered.
Those interested in developing and operating the Esjehigan'duvaru should submit a completed EOI application form in accordance with the investment guidelines of HDC before November 23.