Island Development Company Ltd Memorandum
about
Name:
Island Development Company Limited (IDC)
Date of Incorporation:
29 April, 1980
Sector: Minister responsible for Industry
Parent Ministry:
The Minister responsible for Industry
Ownership: 100% GoS
Business type:
Company
mandate
The company is primarily charged with carrying out business as island developer on the outer islands.
core activities
Its function is to:
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operate air and sea links to the islands
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manage electricity generation and distribution
Manages potable water treatment facilities and distribution
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manage sewerage and solid waste treatment facilities
Maintains efficient telecom links to the islands
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construct and maintains infrastructure
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supply and stock essential food supplies on the islands and operates retail facilities.
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provide medical and medivac facilities
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maintain law and order and manages national emergency plans
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provide facilities for visiting government officials on islands
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provide and maintains social infrastructure
Engages in agricultural activities
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support conservation programmes operated by conservation partners
THE SUBSIDIARIES
Green Island Construction Company Ltd Memorandum
audited financial statements
Name: Green Island Construction Company Limited (GICC)
Date of Incorporation: 08 May, 2012
Sector: Service and Development
Parent Ministry: Minister responsible for Industry
Business type: Company
Mandate:
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Carry on business of builders and civil engineering contractors.
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Carry on the business of furniture manufacturers and cabinet makers.
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Carry on the business of manufacturing and selling of concrete products and materials.
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Acquire, invest in and develop properties.
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Manage lands, buildings and other properties.
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Import, stock and trade in buildings, materials and equipments.
The Subsidiaries of GICC
Green Tree Investment Company Ltd Memorandum
Name: Green Tree Investment Company Limited
Date of Incorporation: 05 February, 2014
Sector: Minister responsible for Industry
Parent Ministry: Office of the Vice President
Business type: Company
Mandate:
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to purchase, own, lease, develop and manage immovable properties.
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to carry on business as developer of land.
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to construct, purchase, own, lease, manage and sell buildings of all kinds, including but not limited for use as offices, private residences, commercial premises and tourism establishments.
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to promote the development of land and construction of buildings for all type of use.
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to carry on business as consultant in respect of land development.
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to enter into joint ventures in connection with any one or all of the aforementioned objects.