President Dr. Mohamed Muizzu has stated that the cold storage facilities being developed in Lh. Felivaru and GDh. Thinadhoo, as part of the government's efforts to advance the Maldives' fishing industry, will be completed this year.
Delivering this year's Presidential Address, the President said that to expand the fishing industry as promised, the establishment of cold storage and fish processing facilities in Lh. Felivaru, GDh. Fiyoaree, and F. Nilandhoo, along with the establishment of cold storage in GDh. Thinadhoo, M. Mulah, GA. Kooddoo, and HA. Ihavandhoo, and the development of a large yellowfin tuna factory in Hulhumale', will proceed through various stages this year. Among these, he gave assurance that the cold storage projects in Felivaru and GDh. Thinadhoo will be completed this year.
The President further stated that the large yellowfin tuna factory in Hulhumale', the cold storage facilities in HA. Ihavandhoo and M. Mulah, and the fish processing plant in Felivaru will be completed next year. He also noted that the cold storage and fish processing plants being established in GDh. Fiyoaree and F. Nilandhoo will be completed in early 2027.
The President mentioned that many of these projects are being carried out with the assistance of foreign funding agencies. In this regard, the President stated that the Lh. Felivaru cold storage is a factory established under loan assistance from India's Exim Bank, the M. Mulah and GA. Kooddoo projects are proceeding with the assistance of the Saudi Development Fund, and the HA. Ihavandhoo cold storage and Hulhumale' tuna factory are being established with the assistance of the Islamic Development Bank. Additionally, he noted that the GDh. Fiyoaree and F. Nilandhoo projects are proceeding under a Chinese loan facility.
