President discusses expanding investment ventures with Japanese company

President Ibrahim Mohamed Solih has met Yoshihiro Kido, the President of Yamaki Co. Ltd, and discussed investment avenues in the fisheries sector.

The meeting was held on the sidelines of his official visit to Japan to attend the enthronement of His Majesty Emperor Naruhito.

"Yours Maldivian Addu Katsuobushi Pvt Ltd" (YMAK) in Addu City is a subsidiary of Yamaki Co. Ltd. The factory in Hithadhoo Ward of Addu City annually produces about 200 tonnes of skipjack tuna worth ‘Katsuobushi’—dried, fermented, and smoked skipjack tuna—which amounts to approximately US$200 million in revenue, adds value to the fisheries sector and contributes to the employment sector.

The President's Office said President Solih and officials of the company discussed ways to expand Yamaki’s investment in the Maldives further during the meeting. President Solih also thanked Yoshihiro for the company’s long-term commitment to producing Katsuobushi from skipjack tuna acquired in the Maldives.