MIFCO Partners With Chinese Firm To Boost YF Exports

The Maldives is ramping up efforts to expand its yellowfin fishing and processing capacity, targeting growth in export markets. On Saturday, state-run Maldives Industrial Fisheries Company (MIFCO) and China Machinery Engineering Corporation (CMEC) signed three agreements for the upgrade of the infrastructure of MIFCO’s plant in Addu City.

One agreement focuses on increasing fish purchase and storage capacity at the Addu Fisheries Complex and developing a frozen yellowfin processing and export facility. Other deals were for cold storage and blast freezing in Hirilandhoo island, and for the upgrade of a fish purchase and cold storage plant in Thinadhoo island. MIFCO said that the agreements can also aid in an increase in the exports of value-added products, according to news site The Edition. In February, Maldives unveiled plans for a land reclamation project in its Gaafu Dhaalu (Gdh.) Fiyoaree atoll aimed at building a state-of-the-art tuna processing factory.