President Sets Up IASL/MACL Joint Venture, Designates Mariculture Zones
President Mohamed Muizzu decided to establish a joint venture between Island Aviation Services Limited (IASL) and Maldives Airports Company Limited (MACL) to modernize and expand the Maldivian seaplane service, with a deadline of April 30, 2025. The joint venture will be under IASL's complete control, and the decision will be submitted to the Economic Council. Additionally, mariculture zones were designated in Haa Dhaalu, Shaviyani, Raa, Meemu, and Thaa atolls, and a 73-hectare commercial reef fish farming area was designated south of Vaadhoo straits, following a cabinet proposal from the Ministry of Fisheries and Ocean Resources.
President Mohamed Muizzu decided to establish a joint venture between Island Aviation Services Limited (IASL) and Maldives Airports Company Limited (MACL) to modernize and expand the Maldivian seaplane service, with a deadline of April 30, 2025. The joint venture will be under IASL's complete control, and the decision will be submitted to the Economic Council. Additionally, mariculture zones were designated in Haa Dhaalu, Shaviyani, Raa, Meemu, and Thaa atolls, and a 73-hectare commercial reef fish farming area was designated south of Vaadhoo straits, following a cabinet proposal from the Ministry of Fisheries and Ocean Resources.
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President Mohamed Muizzu decided to establish a joint venture between Island Aviation Services Limited (IASL) and Maldives Airports Company Limited (MACL) to modernize and expand the Maldivian seaplane service, with a deadline of April 30, 2025. The joint venture will be under IASL's complete control, and the decision will be submitted to the Economic Council. Additionally, mariculture zones were designated in Haa Dhaalu, Shaviyani, Raa, Meemu, and Thaa atolls, and a 73-hectare commercial reef fish farming area was designated south of Vaadhoo straits, following a cabinet proposal from the Ministry of Fisheries and Ocean Resources.
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