Aima Construction Awarded $148mn Contract for Mandarin Oriental Bolidhuffaru Reef by DAMAC
DAMAC awarded Aima Construction a $148mn contract for the construction of 120 villas for the upcoming resort, Mandarin Oriental Bolidhuffaru Reef in South Male Atoll. Of the 120 stand-alone villas, 64 are over-water and 56 are beachfront villas. The grand villas will have private pools and ocean views.
“We are fully confident in the capabilities of Aima Construction, whose track record and enthusiasm for the project exceeded all our expectations during an extensive and highly competitive candidate vetting process. DAMAC Properties looks forward to seeing such a high-profile development project, the first of its kind for our group, come to fruition across the beautiful Maldives,” commented Mohammed Tahaineh, General Manager of projects at DAMAC Properties.
Commenting on the contract, Managing Director of Aima Construction Pvt Ltd, Ibrahim Abdul Azeez said, “We have competed with multi-billion dollar international contractors from Turkey and China to win this project. I believe it is our past record and especially the local know-how we bring to resort construction that helped us to win. We have completed several second generation resort projects in the Maldives and international investors have the confidence that we can deliver projects on time. I think this is a remarkable achievement for a Maldivian company.”
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