On 9 November 2026, First National Finance Corporation opened a Request for Proposal (RFP) for the construction and development of The Crescent Tower, the Maldivian Red Crescent (MRC) building in Hulhumalé, Phase I. Interested and eligible parties are invited to submit their proposals by 4:00 PM on 22 November 2026.
The Crescent Tower is a landmark development on Mirihi Magu in Hulhumalé Phase I, planned to bring together MRC’s headquarters, commercial spaces and a community hall in one building. Since it was launched on 16 August 2026, as part of MRC’s 17th anniversary and in partnership with First National Finance Corporation, the project has moved steadily from announcement towards construction. With the Request for Proposal now open, the project enters the stage where builders are invited to help bring the building to life.
The key dates for the process are as follows:
Announcement of the RFP: 9 November 2026
Deadline for queries: 12 November 2026, 4:00 PM
Response to queries: 16 November 2026, 4:00 PM
Bid submission: 22 November 2026, 4:00 PM
Further details on the RFP, the project and the participation opportunities are available at www.thecrescenttower.mv.