Minister provides update on President Muizzu's transshipment port pledge: "Within five years, let's see it happen!"

Minister of Economic Development, Transport and Trade Mohamed Saeed has stated that the government is working to achieve the goal of establishing an international-standard transshipment port in the Maldives within the current five-year term.

The Minister made these remarks in response to a question from a journalist regarding the transshipment port project.

Minister Saeed stated that the establishment of an international transshipment port in the Maldives is a key presidential pledge of President Dr. Mohamed Muizzu. He further noted that these pledges are clearly documented and visible, emphasizing that this transparency is what distinguishes the current administration from previous ones.

The Minister stated that the government is continuously exploring various avenues and options to move the project forward and remains steadfast in its efforts to achieve this objective.

The Minister further stated that the government aims to complete the project within its current five-year term and is actively working to ensure these goals are met within this period.

Preparations for the development of the international port are progressing at a rapid pace. Establishing an international transshipment port is a key pledge of President Muizzu, and these commitments have been formally documented. This transparency marks a significant departure from previous administrations. We are currently exploring multiple avenues to ensure this objective is met within the five-year term. Let us observe the progress; we anticipate being able to share significant updates very soon.

Mohamed Saeed

Discussing the further expansion of the bunkering project, the Minister emphasized that this initiative is vital for the diversification of the Maldivian economy. The Minister further characterized the establishment of transshipment ports and bunkering services as a crucial step toward maximizing the economic benefits derived from the international vessels traversing Maldivian waters.

Minister Saeed stated that positive news regarding these projects will be shared with the public very soon. However, as this remains a key presidential pledge, the Minister’s inability to provide a clear timeline for the commencement of work has raised questions over whether the government genuinely intends to move forward with the project.