The State Trading Organization (STO), has announced plans to develop a new 25-story multi-purpose building.
The project, reportedly worth MVR 18 million, will feature various facilities and spacious working spaces for STO employees.
STO on Tuesday announced that interested parties can now submit their expression of interest (EOI) for the project, with the deadline on this on August 13, 2024.
This will be an engineering, procurement, and construction (EPC) model project with a contractor-financing approach. STO will be injecting 15% equity for the project.
The new building will be situated next to the STO head office in Male’ City and developed on a 1,393-square-meter plot.