MIFCO and China's CMEC Partner to Expand Fisheries Infrastructure and Exports

The Maldives Industrial Fisheries Company (MIFCO) has signed three Memoranda of Understanding with China Machinery Engineering Corporation (CMEC) to strengthen fisheries infrastructure and boost fish exports. The agreements were formalized at a ceremony held at the Ministry of Agriculture and Animal Welfare, targeting enhanced cold storage and processing capabilities across key locations. Specific projects include establishing a cold storage and blast freezing facility in Hirilandhoo, Thaa Atoll, and expanding fish procurement and storage in Thinadhoo, Gaafu Dhaalu Atoll. The Addu Fisheries Complex will also see increased capacity for fish procurement and storage, along with the development of a new fish processing and export factory. This partnership with one of China's largest companies aims to support sustainable fisheries development in the Maldives and increase value-added fish exports. By improving infrastructure, the initiatives seek to reduce post-harvest losses, enhance supply chain efficiency, and create economic opportunities for local communities dependent on the fishing industry.