The Maldives Industrial Fisheries Company Limited (MIFCO) is poised for a significant transformation under the leadership of its new Chief Executive Officer and Managing Director Mohamed Anas, who has outlined ambitious plans to modernise the state-owned company's operations and management systems.
During a recent visit to the Kooddoo Fisheries Complex, CEO Anas emphasised that MIFCO, as a 100 percent government-owned enterprise, requires substantial reforms to meet contemporary business challenges. Among his top priorities are improving employee salaries and enhancing the company's financial capacity through diversified operations.
Anas outlined the need to move beyond simply exporting fish, saying that the management remains focused on exploring new markets and finding ways to add greater value to its products to generate additional income streams.
The CEO has also assured employees that their concerns will be addressed, urging all staff to maintain strong work ethics and collaborate as a team to ensure the success of these transformative initiatives.
Since assuming office, Anas has been actively visiting various MIFCO centres across the country, meeting directly with employees and assessing operational conditions. His inspection of the Kooddoo Fisheries Complex has already prompted immediate steps toward infrastructure improvements.
In related development, Maldives Transport and Contracting Company (MTCC) has completed 56 percent of the Kooddoo fisheries harbour developmental project, with completion targeted for April next year.