No More Duty on Imports to Kulhudhuffushi Port, Says Minister Saeed

Imports to Kulhudhuffushi City Commercial Port will no longer be subject to duty payments, Minister of Economic Development and Trade Mohamed Saeed announced, marking a significant step in expanding trade services in the northern Maldives.

The decision follows a recent agreement between Maldives Ports Limited (MPL) and the Ministry of Economic Development and Trade to enhance the range of services provided at Kulhudhuffushi Port. The expansion includes newly launched facilities for storing general cargo, construction materials, food items, and essential goods, with provisions for duty-free storage.

Speaking to PSM, Minister Saeed highlighted the benefits for businesses, noting that the removal of import duties allows companies to allocate funds previously spent on fees to other operational needs. Goods can be stored in the duty-free zone without importing, and can also be re-exported to other countries, he explained, adding that MPL will establish zones where value can be added to stored goods before re-export.

The new services at Kulhudhuffushi Port include the creation of a bonded area for duty-free storage, a special bulk storage zone for construction materials like aggregate and sand, a bonded warehouse service for northern tourist resorts, and a dedicated unloading area for domestic traders to facilitate distribution across the atolls.

Minister Saeed emphasized that the initiative reflects President Dr. Muizzu’s vision of expanding similar services across northern, southern, and maritime ports. According to MPL, the upgraded facilities are expected to reinforce Kulhudhuffushi City’s role as a regional trade hub, while promoting sustainable development, food security, and increased business activities throughout the Maldives.