Minister of Economic Development and Trade Mohamed Saeed has underscored the enhanced political stability of the Maldives, citing a notable increase in investor interest.
Speaking on a programme broadcast on PSM News, Minister Saeed emphasised that investors consistently evaluate a country's political stability before making investment decisions.
The minister highlighted that the recent parliamentary election outcomes unequivocally mirror the desires of the public. Consequently, there is a pronounced demand for essential housing, a rejuvenated economy, the creation of new employment opportunities, and the fortification of major developmental endeavors.
Furthermore, Minister Saeed spotlighted ongoing investments from banks and businesses, indicating forthcoming positive transformations stemming from these investments. He also provided insights into current government initiatives, affirming the appreciation of the Maldivian currency and an augmentation in national reserves.
Additionally, Minister Saeed confirmed that the present administration has injected USD 30 million into the Sovereign Development Fund (SFD), further solidifying the country's economic stability and growth prospects.