An Engineering, Procurement and Construction (EPC) contract has been signed between Fahi Dhiriulhun Corporation Limited and JMC Projects (India) Limited for the development of 2000 Social housing units at Hulhumale’ phase 2. The EPC contract was signed on 8th March 2021.
The project consists of 600 two-bedroom apartments units of 650 square feet and 1400 three-bedroom apartments of 900 square feet. The total value for this project is 137 Million US Dollars and is planned to be financed via a loan from the Export Import Bank of India (EXIM Bank). The project is scheduled to be completed within 3 years and 1 month.
Managing Director Ms. Salfiyya Anwar signed the EPC contract on behalf of FDC and Assistant Vice President – Contracts south India operations Mr. Karri Sudhakara Reddy signed on behalf of JMC Projects (India) Limited. The signing event was held at FDC Head office.
JMC Projects (India) Limited is an Engineering and construction service company.