Under this project, the factory in Lhaviyani atoll Felivaru will be upgraded to process an additional 100 tons of fish. A factory is also planned for the island of Dhaalu atoll Maadheli with a processing capacity of 50 tons, and another factory in Gaaf Dhaalu atoll Fiyoaree will be developed to process 100 tons of fish. The project is being undertaken on a contractor finance basis.
President Dr Mohamed Muizzu signed off on the project during his state visit to China, with the loan to further improve the Maldives' fish processing capacity to be arranged at a concessional or low interest rate.