The Edition


Saudi Arabia to aid development of four canneries in Maldives

Fathmath Shaahunaz
09 October 2016, MVT 11:11
Workers at the tuna cannery in Sh.Felivaru. PHOTO/MIHAARU
Fathmath Shaahunaz
09 October 2016, MVT 11:11

The Maldives announced that Saudi Arabia will invest in the development of tuna canneries in four islands of the archipelago.

Fisheries minister Dr Mohamed Shainee told Mihaaru that micro-canneries will be constructed in four great fishing regions in the Maldives. However, he did not specify the exact islands.

The minister noted that the long trips made to acquire local fishermen’s catch result in high expenses. The main objective of the four new canneries, he stated, is to provide the best cost for the catch.

“We’re developing four micro-canneries because the cost of carrying all the fishermen’s catch to just one factory is too high,” he said, referring to Felivaru Fisheries Complex’s tuna cannery in the island of Felivaru in Lhaviyani atoll.

According to the government, Saudi Arabia is to invest USD 150 million (MVR 2.3 billion) to improve the economy and financial conditions of the Maldives. The Arab kingdom had also recently increased its scholarships to 300.