Maldives Ports Limited (MPL) has announced its readiness to expand business operations through re-exporting. Speaking to the media, CEO Mohamed Ibrahim Wajeeh highlighted the significant demand for re-exporting goods that are initially imported by a country. He expressed the company's willingness to venture into re-exporting to boost MPL's revenue.
CEO Ibrahim Wajeeh disclosed successful negotiations with airlines, reaching agreements on handling transshipment cargo, with a particular emphasis on the demand from destinations like Colombo for re-exporting.
Explaining the advantages of re-exporting, Wajeeh emphasized that the process would contribute to increasing MPL's revenue and play a role in addressing the issue of the shortage of dollars in the country.
Wajeeh reassured that MPL is actively working on modernising, improving, and developing its services. Initiatives in progress include efforts to enhance the capacity of the Hulhumale port by accommodating an additional 150 containers. This expansion aims to address the shortage of workspace in the bonded warehouses, which provide services to the tourism industry. Additionally, Wajeeh affirmed that the re-exporting business would be highly beneficial for resorts.