Background

Unsolicited Proposals “USP” Policy was published on 28th January 2019. One of the main objectives of the policy is to harness private-sector innovation and capabilities in delivery of strategic projects of the Government.

The USPs submitted under the policy will be reviewed, and final decisions will be made by the Cabinet/Economic Council.

The review of your proposal will be carried out in the following stages:

  • Pre-submission concept review
  • Stage 1
    • Initial submission and compliance check
    • Strategic assessment for initial submission
  • Stage 2
    • Submission of Detailed Proposal
    • Negotiation and Final Binding Offer
  • Stage 3
    • Foreign Investment Registration and/or business registration
    • Execution of Agreement

Some of the key sectors for development include:

  • Airport Development (domestic/international)
  • Housing
  • Energy
  • Education
  • Road Development
  • Agriculture
  • Aquaculture & Mariculture

Note that, a USPs should not be submitted for projects that are under procurement, or has been substantially developed for procurement, or publicly announced by the Government.

All Proponents are welcome to visit our office to seek guidance throughout the application process.

The USP secretariat is housed within the Ministry of Economic Development. All the USPs under this policy will be received by our Ministry.

You may submit hard copies of your proposals or email it to us, at the following address:

Invest Maldives
4th Floor, Velaanaage
Email: proposals@trade.gov.mv
Contact: 3333 148

  • Unsolicited Proposals Application Form
    (All fields must be completed)
  • Letter of financial credibility issued by a financial institution licensed by the central bank of the respective jurisdiction
  • Constitutional documents of the Proponent (Registration Certificate, Articles of Association/Memorandum of Association)
  • Latest audited financial accounts
  • If the proposed project is for social housing, and the form of finance is through a bank A term sheet duly executed by a financial institution licensed by the central bank of the respective jurisdiction

No fees are charged for this service