New cargo terminal at Velana airport
Maldives is planning construction of a bigger cargo terminal at the Velana International Airport. It is expected to open up the gateway for a re-export market in the Maldives. At a time when Maldives is fast entering into free trade agreement with various countries, the new cargo terminal will further add fillip to the growth of air cargo. After addition of the cargo terminal, about 120,000 tonnes of air cargo is expected to be processed every year at the Velana International Airport. With a FTA signed with China, Maldives can now export seafood produces with zero percent duty, which would directly benefit the Maldives economy.