In a significant move to enhance the Maldives' economic landscape, President Dr Mohamed Muizzu has announced establishing a joint venture, set to launch by April 2025. The Cabinet as well discussed a paper submitted by the Ministry of Fisheries and Ocean Resources.
This initiative aims to diversify our economy and optimise the benefits of our marine resources. The plan includes the designation of mariculture development zones and the allocation of 73 hectares for commercial-scale reef fish farming, paving the way for sustainable growth and innovation in our fisheries sector.
— Ministry of Fisheries and Ocean Resources (@MFORmv) November 21, 2024