MDP propose US$1.05 billion mariculture industry as part of election pledge
22 Apr 2013, 4:46 PM
Mohamed Naahee
The opposition Maldivian Democratic Party (MDP) has pledged to develop a mariculture industry in the country should former President Mohamed Nasheed be reelected in September 2013.
Mariculture is a specialised form of aquaculture which involves the cultivation of marine products such as pearls, oysters, fish and sea cucumbers in the open sea, or in nets or ponds exposed to the sea.
During a function launching the party’s policy on Kendhikulhudhoo island in Noonu Atoll on Saturday, the former president suggested that such an industry could generate US$1.05 billion (MVR 16.19 billion) within five years, should the government be able to successfully run at least 60 mariculture projects throughout the country.
“If we can successfully run 60 projects within five years, we will create 1800 new jobs and the country will receive MVR 16 billion in export revenue,” Nasheed said.
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