Industrial Development

Industrial Development

Building the foundation for sustainable industrial growth in the Maldives through strategic development at Ihavandhippolhu and Thilafushi

Development Projects

Strategic locations for industrial development and economic growth

Ihavandhippolhu Industrial Freezone

Planning Phase
Industrial Freezone
Ihavandhippolhu, Haa Alif Atoll
Q4 2025

Our flagship development project at Ihavandhippolhu will establish a modern industrial complex in the northern region. This initial phase focuses on essential infrastructure development and creating a foundation for sustainable manufacturing operations.

Development Focus

  • Basic industrial infrastructure development
  • Port facilities for cargo handling
  • Renewable energy infrastructure planning
  • Waste management systems
  • Administrative and customs facilities

Target Industries

Light manufacturingFood processingAssembly operationsMarine equipmentTextile processing
Development Progress15%
USD 45 Million - Public-Private Partnership
Initial Investment
Estimated 300+ jobs upon initial operations
Employment Goals
Q4 2025
Target Timeline

Thilafushi Industrial Zone

Early Development
Manufacturing Hub
Thilafushi, Kaafu Atoll
Q2 2026

Building on Thilafushi's existing infrastructure, this development will enhance the island's industrial capabilities. The initial phase focuses on upgrading facilities and establishing sustainable manufacturing operations.

Development Focus

  • Existing infrastructure upgrades
  • Manufacturing facility development
  • Logistics and warehousing improvements
  • Environmental compliance systems
  • Skills training center

Target Industries

ManufacturingRecycling operationsMarine servicesLogistics supportTechnical services
Development Progress8%
USD 25 Million - Phase 1 Development
Initial Investment
Estimated 200+ positions in initial phase
Employment Goals
Q2 2026
Target Timeline

Development Sectors

Key sectors for sustainable industrial growth

Manufacturing

Establishing manufacturing capabilities at our development sites, focusing on sustainable production methods and export potential. Our initial focus is on light manufacturing and assembly operations suitable for the Maldivian market.

Current Status
Infrastructure development at Ihavandhippolhu and Thilafushi
Investment
Initial funding secured for basic infrastructure
Employment
Training programs being developed for local workforce

Key Advantages

  • Strategic Indian Ocean location
  • Government support and incentives
  • Access to regional markets
  • Developing skilled workforce

Focus Areas

Light Manufacturing
Seeking initial 3-5 partners

Assembly of consumer goods, small electronics, and marine equipment for local and regional markets.

Food Processing
2-3 processors committed

Seafood processing, value-added marine products, and food packaging operations.

Textiles
Initial 2 manufacturers interested

Garment assembly and textile processing focused on tourism and hospitality sectors.

Marine Equipment
1-2 specialized firms planned

Basic marine equipment assembly and maintenance services for fishing and tourism industries.

Maritime Services

Developing maritime service capabilities to support our strategic location in the Indian Ocean. Initial focus is on basic port operations and marine support services.

Current Status
Port infrastructure development at key locations
Investment
Basic maritime infrastructure funding allocated
Employment
Maritime training programs in development

Key Advantages

  • Natural harbor locations
  • Strategic shipping position
  • Growing maritime sector
  • Government maritime support

Focus Areas

Port Operations
Partnership discussions ongoing

Basic cargo handling and port services for commercial vessels and inter-island transport.

Marine Support
Local service providers

Fuel services, basic maintenance, and crew support for fishing fleets and commercial vessels.

Logistics Services
Initial operators identified

Warehousing, storage, and basic logistics support for import-export operations.

Marine Maintenance
Small-scale operators

Basic vessel maintenance and repair services for local fishing and tourism industries.

Support Services

Developing essential support services for our industrial operations, including logistics, transportation, and administrative services to support manufacturing and maritime activities.

Current Status
Basic infrastructure and service development
Investment
Initial service infrastructure funding
Employment
Administrative and logistics positions planned

Key Advantages

  • Growing service infrastructure
  • Government administrative support
  • Inter-island connectivity
  • Workforce development focus

Focus Areas

Logistics Support
Basic service providers

Warehousing, inventory management, and transportation coordination for industrial operations.

Administrative Services
Government and private partnership

Customs clearance, documentation, and regulatory compliance support for businesses.

Transportation
Local transport providers

Inter-island cargo transport and logistics coordination for industrial operations.

Training & Development
Educational partnerships

Skills development and training programs for industrial workforce development.