This government is operating under a colonial-style mandate; this is the hallmark of the Alabbar investment model: Matheen

Former Managing Director of MWSC, Abdul Matheen, has stated that the current administration is operating under a colonial-style governance model. He further noted that these characteristics align with the investment approach favored by Mohamed Alabbar, the head of Eagle Hills.

Speaking during RaajjeTV’s special coverage titled "Dhivehinge Bin Dhivehinnah," Matheen stated that the current administration's actions suggest it is severely constrained. He noted that these are typical characteristics observed when Eagle Hills invests, adding that regardless of public outcry or discourse, the ultimate decision-making power rests with the investors.

Noting that this is a characteristic feature of their investment model, Matheen stated that despite significant public concern over the matter, it appears the current administration is compelled to proceed with the Ras Male' project.

In numerous countries where Eagle Hills has initiated investments, local populations have risen up in protest. This is not unique to Maldivians; concerns have surfaced across approximately 16 different nations. In some instances, the firm has even refused to exit countries after their agreements were terminated. These operations mirror the methods of former colonial regimes. We do not believe these are genuine investors. When authentic investors enter a market, they do not incite such turmoil. If there is public discontent, a legitimate investor would listen to the people’s voices, just as the government should listen to its citizens.

Abdul Matheen

However, Matheen noted that colonial powers, when ruling by force, have no desire to listen to the people's voice, nor do they show any respect for minorities. He further stated that such majorities do not act in accordance with the law.

Matheen stated that investments must be facilitated through an established legal framework and a transparent, competitive process. He further noted that only through such a structured approach can it be ensured that the best opportunities are attracted and that the nation receives its fair and rightful value.

Highlighting that the process of bringing in individuals and signing agreements was conducted in great secrecy, Matheen noted that the subsequent step was the drafting of laws based on those very agreements. He remarked that this reflects the operational model of such entities, adding that in a functional democracy or a state governed by the rule of law, any incoming individual or investor must comply with existing laws. However, he pointed out that what is currently being witnessed is a reversal, where the law is being made to conform to their demands.