Maldives urged to expand marine manufacturing sector

Hotels and Resorts Construction Private Limited (HRC) has highlighted the importance of expanding the marine manufacturing sector in the Maldives. The remark was made by Chairman Mohamed Ali Janah at the ceremony held to sign a dealership agreement between HRC and Bahrain-based H Al-Dhaen Boats WLL.

At the ceremony, Janah said that the Maldives should further expand the marine manufacturing sector, as the country has grown tremendously but is still not building enough vessels. He said that the agreement with Al Dhaen Boats is a major investment that will lead to the development of a large shipyard in the Maldives. He said that a feasibility study has been conducted and that the project will begin within six months and the shipyard will be built within two years.

At the ceremony, awards were presented to those who have contributed to the development of the maritime sector in the Maldives. The recipients included the Chief Executive Officer (CEO) of the Maldives Transport and Contracting Company (MTCC) Adam Azim, Managing Director of State Trading Organisation (STO) Abdulla Saeed, Managing Director of Urbanco Ahmed Athif, Managing Director of Allied Insurance Company of the Maldives Private Limited Mohamed Shafaz, Minister at the President’s Office Zaha Waheed, and Minister of Transport and Civil Aviation Aishath Nahula.

Al Dhaen Boats is a renowned shipbuilding company that has been a leading force in the construction of high-quality fishing vessels, pleasure yachts, and commercial as well as military patrol boats since 1989. The company has a strong commitment to using superior fittings of the highest quality and has quickly gained recognition and acclaim among discerning marine craft users. In a relatively short span of time, the company has established a reputation in Bahrain, the Gulf region, and international markets, with exports reaching Europe, Africa, the United States (US), and Australia.