Kooddoo cold storage expansion project awarded to a foreign company

The project to expand the cold storage at the Kooddoo Fisheries Complex (KFC) has been awarded to a foreign company.

At a ceremony held today at the President's Office, the Kooddoo Cold Storage Expansion Project was awarded to Lucky Global Projects Private Limited, a leading engineering, procurement, and construction company in India.

The project agreement was signed today, with the Minister of Fisheries and Ocean Resources, Ahmed Shiyam, signing on behalf of the Maldivian government. Managing Director Ashish Oberoi signed on behalf of Lucky Global Projects Private Limited.

Under the agreement signed today, Lucky Global Projects Private Limited must establish a 4,000-tonne storage facility at KFC within 365 days. This is a $6.6 million project.

KFC's current capacity is 2,000 tonnes. With the additional 4,000-tonne storage under this project, KFC's capacity will increase to 6,000 tonnes.

This project is being carried out under the "Development of Fisheries Sector Projects" initiated with the assistance of the Saudi Fund for Development (SFD).