Ideal Boat Building

The main business of the company was boat building by timbers and fibers at the starting in the year 2006 and it was the only income source of the company. However, with the end of the year 2006, the company has sought enterprising ideas to find new source of income and the development of existing resources in the company. Within a year, IBB Utensils had been established by the company as its second new branch to expand its resources and generate income through new means. To this end, the brand “IBB Utensils” has been formed and located at Island of Innamaadhoo, Ra. Atoll to trade boat building tools, electronic and electric appliances and equipment at Raa Atoll region.
During the last 3 years, the company has reached its targets by the great commitment of management team of IBB. As a result of this, by the mid of the year 2010, the company has newly entered into the Timber business. To this end, the company has opened a Timber Shop at Male’, the Capital of Maldives, by 23rd September 2010. The business is performing for excellence in timber industry and competing with other competitors.