Malé, 13 August 2025 – Maldives Ports Limited (MPL) and Maldives Industrial Fisheries Company Ltd (MIFCO) have signed a Memorandum of Understanding (MoU) aimed at establishing a long-term strategic partnership to benefit both organizations. The agreement was officially signed by MPL CEO DCP (Retd) Mohamed Rishwan and MIFCO CEO Brigadier (Retd) Farhath Shaheer.
The MoU sets out a framework for cooperation in areas that promote operational efficiency, innovation, and growth. Through the agreement, the two companies plan to collaborate on improving processes, sharing information transparently, and exploring new business opportunities of mutual interest.
A key component of the partnership is staff development and training, with both organizations committing to initiatives that enhance the skills and expertise of their workforce. The MoU also highlights joint research and development projects to encourage innovation and contribute to national economic growth.
Additionally, MPL and MIFCO have agreed to support each other’s operations where possible and explore other avenues for collaboration in the future. The partnership provides a foundation for ongoing discussions, joint initiatives, and potential projects that align with their shared goals.
The collaboration reflects a joint vision to strengthen the Maldives’ fisheries and port sectors while generating long-term value for the country’s economy.
