Maldives Water and Sewerage Company (MWSC) Managing Director Hussain Fahmy has backed President Dr Mohamed Muizzu’s State-Owned Enterprise (SOE) reforms, describing the decisions as a significant step towards creating a stronger, more efficient and financially sustainable public service sector.
In a post on X, Fahmy said consolidating operations, eliminating wasteful expenditure and strengthening corporate governance would allow SOEs to concentrate on their essential objectives while safeguarding national strategic ownership.
He said the reforms are also aimed at improving accountability and transparency, ultimately enabling state-owned companies to provide better services to the Maldivian public.
“Meaningful reform necessitates bold decisions and a steadfast commitment to implementation,” Fahmy said, describing the initiative as a transformative vision driven by a clear and purposeful objective.
His remarks come as President Muizzu moves ahead with major reforms to the state-owned sector, aimed at streamlining government-owned companies and strengthening their financial sustainability.
