MACL to reduce expenditure by up to 20 percent in 10 areas

MACL has initiated plans to reduce operating expenses and running costs of the company in 10 areas and plans to expand commercial spaces to increase revenue.

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MACL Managing Director, Ibrahim Shareef Mohamed during a press conference held by the company today -- Photo: Nishan Ali

Malika Shahid

2024-06-30 13:04:38

Maldives Airports Company Limited (MACL) has decided to cut expenditure by up to 20 percent in 10 areas due to the financial difficulties faced by the Maldives.

The company's Managing Director, Ibrahim Shareef Mohamed, said at a press conference at MACL's VIP building that the decision aligns with the government's measures to reduce expenditures. He stated the aim is to decrease MACL's total expenditure by between 10-20 percent.

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