Project Profile : The Islamic Solidarity Fund for Development (ISFD, intends to procure the services of a reputed, international consultant to provide an independent assessment of the value of the 10,000 Sq.M plot of land that the Government of the Republic of Benin has allocated to the ISFD in Cotonou. The ISFD is the poverty alleviation arm of the Islamic Development Bank Group. It was established by a decision of the 3rd Extra-Ordinary Summit of the OIC heads of State and Government, that was held in Mecca in 2005. It was officially launched in 2007, and began operations in 2008. ISFD fights poverty by improving and enhancing the income of the poor and promoting human development. Since it was established, the Fund has launched three flagship Programmes: the Vocational Literacy Programme (VOLIP), the Microfinance Support Programme (MFSP) and the Sustainable Villages Programme (SVP). In addition, the ISFD is implementing programmes on renewable energy, maternal health, blindness, fistula and community development. The initial target capital of the Fund is set at US$ 10 Billion, to be raised from IDB member-countries and IDB itself. To ensure continuity and sustainability, the capital resources of the Fund are being maintained as Waqf (Islamic endowment/ Trust). The return on the investment is used to finance poverty reduction programmes and projects in member countries. In addition to the initial capital resources, ISFD Board of Governors (BOG) took a number of complimentary resource mobilization initiatives. These include Resolution No ISFD/BG/3-1433 which, among other things, calls on member-states to support ISFD by allocating to the Fund a suitable waqf (land, building or other assets) that can be developed to generate revenue. In response to the BOG resolution, the Government of Benin has allocated a plot of land to ISFD in Cotonou. The land, measuring 10,000 Sq. (125.26m x 92.92m x 88.25m x 99.76m) has been allocated through “DECREE NO 2014-137” dated 20 February 2014, for a period of 70 years. ISFD wishes to invite expression of interest from qualified consultants for the valuation of the plot of land allocated to the Fund in Cotonou, Benin. The objective of the valuation exercise is to determine the value of the land in order to record it as an additional contribution of the Republic of Benin to the ISFD capital, in accordance with the provisions of BOG Resolution No ISFD/BG/3-1433. The ISFD invites eligible consultants to indicate their interest in providing the services for this short-term assignment. Consultants should provide specific information which demonstrates that they are fully qualified to provide the services. The Expression of Interest (EOI) should include (i) a letter of interest from the individual/firm to conduct the assignment, (ii) profile of the individual/ firm (including evidence of the requisite expertise and skills), and (iii) list of similar assignments (i.e. portfolio of similar work in the area of real estate valuation) undertaken in the past. The duration of the assignment is expected to be 1 month including travel to and from Cotonou, Republic of Benin. The assignment is expected to be undertaken from 1 to 30 May 2014. The Consultant will be selected in accordance with the procedures set out in the Guidelines for the Use of Consultants under Islamic Development Bank Financing (2009). Interested Consultants may obtain further information at the address below during office hours [08.30 to 16.30 hours] (K.S.A time). The EOI must be delivered to the email addresses below by Close of Business on Thursday, 10th April 2014, and should be clearly marked EXPRESSION OF INTEREST FOR THE VALUATION OF ISFD WAQF LAND IN COTONOU, BENIN. Islamic Solidarity Fund for Development, Islamic Development Bank , isfd@isdb.org Tel: +966-12-646-7117 , +966-12-646 6912, Fax +966 12 6368555.