Walkers CML International (Pvt) Ltd, a subsidiary of MTD Walkers PLC, has secured its first luxury residential project in the Maldives, according to a company announcement on Wednesday.
Walkers CML International signed the contract agreement for the ‘One Avenue’ project with DAMAS Company Pvt Ltd, a reputed property developer in the Maldives, for the construction of a 10 storey Luxury residential apartment complex consisting of 95 apartments, located in one of Hulhumale`s most tranquil neighborhoods overlooking the scenic yacht marina.
“Securing this project in Hulhumale is a step in the right direction of achieving our group’s strategy to expand regionally,” said Jehan Amaratunga, Executive Deputy Chairman of MTD Walkers PLC whilst explaining that Walkers CML International was incorporated in order to capitalize on the opportunities present within the construction industry in the Maldives.
“Whilst there have been many challenges in setting up our local operations here in the Maldives, Walkers CML International was able to draw upon the Walkers CML Group’s experiences and expertise to secure the ‘One Avenue’ project,” says Hiran Bibile, Country Head of Walkers CML International.
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