Even if STO faces a cement shortage, the Maldives will maintain a continuous supply
The Minister stated that despite the challenges STO faced in procuring cement, the government has collaborated with allied nations to facilitate the importation of cement through four additional suppliers.
A group of expatriate workers transporting bags of cement.
State Trading Organization (STO) has run out of cement stocks. However, Economic Minister Mohamed Saeed has assured that the supply of cement to the Maldives will continue without interruption.
Speaking at a press conference held at the President's Office on Wednesday, Minister Saeed stated that the government has taken proactive measures to identify alternative markets for cement imports, ensuring supply continuity should STO face challenges with its current suppliers.
Saeed stated that four additional parties have now been arranged to facilitate the import of these goods. He noted that this development is the result of collaborative efforts between the Maldives and its allied nations.
Minister Saeed noted that arrangements are now in place to ensure a continuous supply of cement to the Maldives, even in the event of a shortage at STO.
The Minister stated that the government is working to source goods from multiple markets through collaborations with both the State Trading Organization (STO) and private businesses.
Despite Minister Saeed’s assurances that the Maldives would maintain an uninterrupted supply of cement, prices have surged significantly. With the price of a cement bag from some private suppliers exceeding MVR 300, those in the construction industry are now facing substantial challenges.
