Bidding opened on Wednesday for the sale of land from Thilafushi Phase 2 for industrial use.
Applications can now be submitted online by registering in the bid portal, the Housing Development Corporation (HDC) said.
A total of 108 plots are to be sold for various business purposes, including 64 plots of 2,500-4,999 square feet, 42 plots of 5,000-9,999 square feet, and two plots of 10,000-14,999 square feet.
Thilafushi is under development as the main business and industrial hub of the Male' region.
Industrial work such as cement packing, gas bottling and boat building is taking place on the island.
The planned relocation of the international port to Thilafushi in the future is expected to offer conveniences to businesses with clearing containers as well as with storing and supplying goods to Male' and other islands.
The time spent in supplying goods is also expected to be significantly reduced when Male' and Thilafushi are connected via the Thilamale' bridge that is currently under construction.
Thilafushi is under development as a modern industrial hub to offer growth opportunities for businesses.
