The Business Center Corporation (BCC) is set to open investment opportunities next week for those interested in investing in the Addu City garment factory project. In a press release shared yesterday, BCC announced the project has successfully completed its first phase and will be seeking investors through various avenues, including joint ventures, contractor financing, and public-private partnerships.
BCC Managing Director Ibrahim Ziyau Mohamed emphasised the potential of the project, noting that it presents a valuable opportunity for businesses in the sewing and garment industry. “This project will boost the garment industry in Addu City and provide a vital link in the supply chain for sewing businesses,” he stated, adding that the factory is aimed at supporting local garment production and promoting goods produced by local traders.
The land lease agreement for the 30,000-acre site was signed on June 9 between BCC and the Addu City Council. The factory is being developed under the guidance of the Ministry of Economic Development and Trade, and the project consultant is currently on-site to oversee final preparations before the start of construction.
BCC’s initiative aims to reduce the region’s dependency on imported garments while generating employment opportunities and driving industrial growth. According to the press release, the factory will serve as a catalyst for further development in the region, aligning with the government’s long-term strategy to promote industrialisation and economic growth in Addu City.
