Contract signed for the Asset Valuation of Fenaka Corporation Limited at a ceremony held at the Ministry this afternoon. The contract was awarded to F.J.S Associates Company. Minister of Environment and Energy, Honorable Mr. Thoriq signed the contract on behalf of the Ministry while the Managing Director of F.J.S Associates, Ms. Sana Mansoor signed the contract on behalf of the company.

After the completion of this work, the value of all assets of Fenaka Corporation would be determined.

The total cost of this work is MVR 1,351,204 and is funded by Asian Development Bank (ADB).