Maldives to Boost Fish Processing Capacity Ninefold in Three Years

The Maldives’ fish processing capacity is set to undergo a significant expansion, increasing more than ninefold over the next three years, according to Minister of Fisheries and Ocean Resources, Ahmed Shiyam.

 Speaking in an exclusive interview with PSM News, the Minister detailed the government’s ambitious plans to enhance the fisheries sector.

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Minister Shiyam revealed that the country’s fish processing capacity, currently at 35 tonnes, is projected to reach 300 tonnes by the end of the first phase of development. The expansion will include upgrades to facilities in the southern atolls, Nilandhoo, and Felivaru, each being equipped to handle 100 tonnes of fish.

To support fishermen and address key challenges, the government is also investing in infrastructure improvements, including the establishment of 11 ice plants across the country. Three of these plants are expected to become operational this year, with an additional five financed through funding from Saudi Arabia. The remaining three will be supported through the national budget.

“Enhancing fish storage and processing capabilities is central to the government’s vision for the fisheries sector,” said Minister Shiyam, emphasising the role of modern infrastructure in bolstering the livelihoods of fishermen.

The government has also introduced a special loan scheme to support the installation of Refrigerated Sea Water (RSW) systems on fishing vessels. More than 35 fishermen are expected to benefit from the scheme this year, enabling them to improve the quality and storage of their catch.

These initiatives mark a significant step forward for the Maldives, where fisheries play a crucial role in the economy. The developments aim to not only support local fishermen but also strengthen the country’s position in the global fisheries market.