Maldives Ports Limited (MPL) is set to embark on a new chapter in its commercial journey with an ambitious foray into the global re-export market, revealed Mohamed Wajeeh, the Managing Director of the state-owned enterprise (SOE).
Addressing media representatives at the MPL headquarters, Wajeeh outlined the administration’s strategic vision to broaden its commercial horizons, signaling the imminent commencement of exporting goods imported via sea.
MPL has been actively engaging with key stakeholders, such as Maldives Customs and Maldives Airports Company Limited (MACL) to lay the groundwork for this venture, Wajeeh disclosed.
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He elaborated on the logistics behind the initiative, noting the influx of goods arriving in the Maldives via Colombo and the subsequent interest from freight companies to expedite the transportation of containers to various global destinations by air.
Wajeeh emphasized the potential financial benefits of this venture, highlighting its significance in augmenting MPL’s revenue streams and bolstering US dollar income. He revealed that preliminary discussions with several airlines had already commenced, with agreements already forged, marking a promising start to MPL’s expansion endeavors.
The move into the global re-export market signifies MPL’s commitment to exploring new avenues for growth and diversification, underscoring its pivotal role in facilitating international trade and commerce in the Maldives and beyond.
