|Organization Name:||State Trading Organization|
Republic of Maldives
Telephone: +960 3012545
|GT Ref ID:||027150|
|Tender Notice Type:||Tender Notice/Corrigendum|
|Tender Notice No:||BD/NOTICE/2019/01|
Reference No: BD/NOTICE/2019/01
2nd Addendum to Notice (Ref: BD/NOTICE/2018/05) – Extension of EOI submission deadline
Established in 1964, State Trading Organization PLC (STO) is a listed company in Maldives stock exchange with 82% of the total shareholdings owned by the Government of Maldives. STO is the main supplier of Petroleum, medical and pharmaceutical products and staple food to entire Maldives. The company has also been engaged in the business of supplying cooking gas, construction materials, home appliances, electronics and supermarket products. It is a diversified holding Company with 6 local subsidiaries, 1 foreign subsidiary (in Singapore), 1 joint venture and 1 associate.
Today STO has 2,000 shareholders, employs more than 1700 locals and remains to be an enormous leading trader in the country, generating over USD 487 million in revenue (As of 2017). For more information of our business please follow www.sto.mv
STO began development of a 250 room 5-star hotel located in Hulhumale’ island in 2011. STO intends to find a buyer/ investor for the hotel and hereby invites both local and foreign companies and businesses to submit interest for the mentioned venture.
Interested parties should download and follow instructions in the Invitation for Expression of Interest (EOI) document published in STO website.
Submission deadline for EOI’s have been extended till 21st January 2019.
Queries & Feedback
All queries and clarifications shall be directed to the correspondence address below:
Business Development Department
State Trading Organization Plc.
Telephone Contact: +960 3012545
Click here for more details.
|Deadline:||21 January 2019; 14:00hrs|
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