MPL and MIFCO Sign MoU to Strengthen Strategic Partnership
Collaboration aims to enhance operations, staff development, and mutual growth opportunities
Malé, 13th August 2025 – Maldives Ports Limited (MPL) and Maldives Industrial Fisheries Company Ltd (MIFCO) have signed a Memorandum of Understanding (MoU) to establish a long term strategic partnership designed to bring mutual benefits to both organizations. The agreement was formally signed by MPL CEO DCP (Retd) Mohamed Rishwan and MIFCO CEO Brigadier (Retd) Farhath Shaheer.
The MoU outlines a framework of cooperation in key areas that support operational efficiency, innovation, and growth. Under the agreement, MPL and MIFCO will work together to create solutions that strengthen processes and workflows, share relevant information transparently, and explore new business opportunities of mutual interest.
A major focus of the partnership is staff development and training, with both companies committing to collaborate on initiatives that enhance the skills and talent pool of their workforce. The MoU also emphasizes joint research and development projects in areas of shared benefit, encouraging innovation that contributes to national economic growth.
In addition, the two companies agree to support each other’s operations where possible and explore other areas of cooperation that may arise in the future. It also provides a solid foundation for discussions, cooperation, and potential joint projects.
This partnership reflects the shared vision of MPL and MIFCO to contribute positively to the Maldives’ fisheries and port sectors while creating long term value for the nation’s economy.
The MoU outlines a framework of cooperation in key areas that support operational efficiency, innovation, and growth. Under the agreement, MPL and MIFCO will work together to create solutions that strengthen processes and workflows, share relevant information transparently, and explore new business opportunities of mutual interest.
A major focus of the partnership is staff development and training, with both companies committing to collaborate on initiatives that enhance the skills and talent pool of their workforce. The MoU also emphasizes joint research and development projects in areas of shared benefit, encouraging innovation that contributes to national economic growth.
In addition, the two companies agree to support each other’s operations where possible and explore other areas of cooperation that may arise in the future. It also provides a solid foundation for discussions, cooperation, and potential joint projects.
This partnership reflects the shared vision of MPL and MIFCO to contribute positively to the Maldives’ fisheries and port sectors while creating long term value for the nation’s economy.