Minister of Economic Development, Trade and Transport Mohamed Saeed has called for an immediate end to the intimidation of investors and the spread of misleading information, warning that such actions could undermine the Maldives’ economic prospects and weaken its position in an increasingly competitive global market.
In a post on X, Saeed expressed concern over what he described as attempts to discourage investment through false narratives, misinformation and hostility towards businesses operating in the country.
He said protecting investor confidence was essential to the Maldives’ long-term economic development, particularly at a time when countries are competing to attract international investment and expand their commercial opportunities.
According to the minister, the circulation of misleading claims about the Maldives could benefit competing destinations and markets, potentially placing the country at a disadvantage.
Saeed argued that irresponsible public discourse surrounding investment and business activities could have consequences extending beyond individual companies, affecting the wider national economy.
He placed particular emphasis on tourism, describing the industry as the foundation of the Maldivian economy and stressing the importance of adapting to changing global travel trends.
The minister said the international tourism market continues to evolve, requiring destinations such as the Maldives to respond to shifting consumer preferences, investment patterns and competition.
He maintained that hostility, misinformation and resentment should not shape discussions about the industry’s future.
His remarks come against the backdrop of the Maldives’ continued reliance on tourism as a major source of foreign currency earnings, employment and economic activity.
Tourism remains closely connected to several other sectors of the economy, including transport, construction, hospitality, trade and services, with investment in the industry supporting businesses and employment opportunities across the country.
The sector’s dependence on international visitors also makes confidence in the Maldives as a destination particularly important, both for travellers and businesses considering long-term investments.
As competition among tourism destinations intensifies, maintaining a stable and predictable investment environment remains a significant consideration for countries seeking to attract international businesses.
Saeed also sought to address concerns surrounding the legality of business and investment activities in the Maldives.
He assured that commercial operations would be required to comply with the Constitution and applicable laws, emphasising that unlawful conduct would not be permitted.
The minister’s remarks indicated that the government’s efforts to protect investor confidence would not extend to allowing businesses to operate outside the country’s legal framework.
He called on the public to refrain from circulating unverified allegations, fabricated information and statements that could encourage hostility towards investors.
The appeal comes as the government continues to pursue investment and economic development initiatives aimed at expanding commercial activity and strengthening the country’s economic outlook.
Attracting investment remains an important component of the Maldives’ development strategy, particularly in sectors requiring substantial capital and long-term infrastructure commitments.
While Saeed warned about the potential consequences of misinformation, he did not identify specific investors or businesses that had been subjected to intimidation in the remarks provided.
His statement also did not identify particular reports or allegations that the government considers false.
The minister nevertheless stressed that safeguarding the country’s economic interests requires responsible public discussion, respect for the law and an environment in which legitimate businesses can operate without intimidation.
