Indian Companies Set for Maldives' Gulhifalhu Port Project Bid
PORTS & SHIPPING

Indian Companies Set for Maldives' Gulhifalhu Port Project Bid

The Maldives' strategic infrastructure development initiative gains momentum as plans for the expansion of the Gulhifalhu Port move forward. Indian companies are poised to participate in the project, with an Engineering, Procurement, and Construction (EPC) tender anticipated to be issued in the fiscal year 2023-2024 (FY24). This development marks a significant step in strengthening bilateral ties between India and the Maldives.

Gulhifalhu Port, located near the capital city Malé, holds paramount importance in facilitating maritime trade and commerce for the Maldives. The expansion project aims to enhance the port's capacity and modernise its infrastructure to accommodate larger vessels, ultimately boosting the country's trade capabilities and economic growth.

The upcoming EPC tender is expected to attract bids from prominent Indian firms specialising in port and shipping infrastructure. This aligns with India's commitment to supporting the Maldives' developmental aspirations and reinforcing its role as a key partner in the Indian Ocean region.

The collaboration between Indian companies and the Maldivian government on this strategic project reflects the shared vision of regional connectivity and economic prosperity. As the EPC tender process unfolds in FY24, all eyes are on the transformative potential of this venture, which not only contributes to the Maldives' economic resilience but also strengthens the enduring friendship between the two nations.

The Maldives' strategic infrastructure development initiative gains momentum as plans for the expansion of the Gulhifalhu Port move forward. Indian companies are poised to participate in the project, with an Engineering, Procurement, and Construction (EPC) tender anticipated to be issued in the fiscal year 2023-2024 (FY24). This development marks a significant step in strengthening bilateral ties between India and the Maldives. Gulhifalhu Port, located near the capital city Malé, holds paramount importance in facilitating maritime trade and commerce for the Maldives. The expansion project aims to enhance the port's capacity and modernise its infrastructure to accommodate larger vessels, ultimately boosting the country's trade capabilities and economic growth. The upcoming EPC tender is expected to attract bids from prominent Indian firms specialising in port and shipping infrastructure. This aligns with India's commitment to supporting the Maldives' developmental aspirations and reinforcing its role as a key partner in the Indian Ocean region. The collaboration between Indian companies and the Maldivian government on this strategic project reflects the shared vision of regional connectivity and economic prosperity. As the EPC tender process unfolds in FY24, all eyes are on the transformative potential of this venture, which not only contributes to the Maldives' economic resilience but also strengthens the enduring friendship between the two nations.

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement