Following SINPF’s response to the media in the 2nd half of 2025, and in other SINPF outreach events regarding the SINPF SOLCHO commercial property investment, SINPF Management has advised that the Board’s resumption efforts has been progressing but albeit carefully.
The SINPF Board has engaged Kramer Asia Pacific (KAPAC) to conduct an independent peer review of the project.
The review report has now been completed and is submitted to the Board for its consideration.
The Board is committed to resuming construction as soon as possible and has been looking forward to the outcome of the engineering peer review, the statement said.
“The Board’s primary focus is the resumption of the project and therefore has been actively working with external parties to achieve this. The peer review marks a positive step forward and will strengthen our ability to plan and to execute construction promptly.
“As we had earlier confirmed that a contract payment of SBD 15 million has been made to AJ Enterprises Construction Ltd and is secured in accordance with the contract conditions.
“We will provide further updates on the resumption of the Solcho Property Investment construction plans,” the SINPF Management statement concluded.
