Project Profile : The Islamic Solidarity Fund for Development (ISFD) intends to procure the services of a reputable international consultant to undertake a detailed feasibility study of the most viable investment on the 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. 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 feasibility study of ISFD WAQF Project in Cotonou. The objective of the exercise is to determine the most viable and cost effective investment that can be undertake on the plot of land that the Government of Benin has allocated to the ISFD in Cotonou, 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 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 Three (3) Months from 1 October 2014 to 31 December 2014, including travel to and from Cotonou. 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] (Saudi Arabian time). The EOI must be delivered to the email addresses below by Close of Business on Tuesday, 5th August 2014, and should be clearly marked EXPRESSION OF INTEREST FOR THE FEASIBILITY STUDY OF ISFD WAQF PROJECT IN COTONOU, BENIN. Islamic Solidarity Fund for Development, Islamic Development Bank , Jeddah, Kingdom of Saudi Arabia isfd@isdb.org and oatouray@isdb.org Tel: +966-12-646-7117, +966-12-6466930, +966 545728066 Mobile