Agreement signed for neighborhood fish factories in Addu City

Signing ceremony for neighborhood fish factories in Addu City. (Photo/Foreign Ministry)

Agreements have been signed for the establishment of neighborhood fish factories in two wards of Addu City.

Foreign Secretary Abdul Ghafoor Mohamed and High Commissioner from India to the Maldives Sanjay Sudhir took part virtually in the agreement signing ceremony held today. MPs for Maradhoo and Hulhudhoo Ibrahim Shareef and Ilyas Labeeb also took part in the ceremony. 

The factories are to be established in Maradhoo and Hulhudhoo.

Foreign Secretary Abdul Ghafoor, speaking in today’s ceremony said that the factories were important economic and social projects for Addu City which would pave the way for further investments. The factories would also ease some of the challenges posed to the fishing industry in the city as well as a boost for the economy. 

The factories are being established with the aid of Indian. Foreign Ministry has said that, including the project to be commenced in Hithadhoo, India would provide around USD 23 million for the three projects.