Addu City Garment Factory development project mobilizes

Addu City Garment Factory development project mobilizes

First phase of the new garment factory in Addu City, developed by Business Center Corporation (BCC), has completed with project mobilization awaiting commencement.

BCC will be opening investment opportunities for interested parties next week, which BCC said will proceed under joint venture, contractor-financing, or public private partnership approaches.

The project’s consultant has already paid a visit to Addu City on Tuesday to address crucial prerequisites before mobilization of the project begins.

Addu City Council and BCC signed the lease agreement on June 9, 2024, with the former extending a 30,000-square-foot plot for the corporation to establish the factory that is poised to create multiple employment opportunities for the southern-most city’s youths.

The garment factory project envisions a significant drop in the number of apparel imports to the Maldives; and focus reliance on locally produced products.

“This project is an exceptional opportunity for tailors and those involved in clothing in Addu City. BCC aims to facilitate easier marketing for local garment manufacturers by promoting their products, that they produce at the factory,” BCC Managing Director Ibrahim Ziyaau said.

The factory, led by BCC, is an initiative of the Ministry of Economic Development and Trade focused on enhancing employment opportunities in niche areas.


Share this post:

Comments