JMC Projects inks pact with Fahi Dhiriulhun Corporation

JMC Projects (India) (JMC) has signed an agreement with Fahi Dhiriulhun Corporation (FDC) for design, finance and construction of 2,000 social housing units in Hulhumale Island of Maldives.

The total value for this project is estimated to be around USD 137 million (approximately Rs 1,000 crore) and planned to be financed via a loan from multilateral funding agency.

The financial closure of the project is expected to conclude soon and construction on the project will commence after financial closure.

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