MIFCO Begins Development Of New Fish Processing Facility In Fuvahmulah City

MV+ News Desk | August 19, 2025
Construction underway to boost local fisheries | Photo: MIFCO

The Maldives Industrial Fisheries Company Limited (MIFCO) has begun developing a new fish processing facility in Fuvahmulah City.

The facility will enable MIFCO to purchase fish directly from the city and is expected to be operational before the end of the year. Once completed, it will supply safely packaged fish products to local residents.

The company is expanding its operations to strengthen the fishing industry and make it more profitable and sustainable for fishermen. As part of this effort, plans are in place to begin exporting fish directly from Addu City next month. MIFCO is also preparing to introduce value-added fish processing in Addu City within the year.

To further enhance processing capacity, MIFCO has announced upgrades to the Kooddoo Fisheries Complex, including repairs to harbour roads and improvements to the local production factory. Repairs and maintenance have also commenced at the Felivaru Cannery.

In addition, a new fish purchase centre is under development in Thinadhoo, Gaafu Dhaalu Atoll, and is scheduled to open by the end of 2026. Preparations are also underway to expand tuna purchasing to cover both northern and southern regions of the country this year.

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