Some SOEs on Chopping Block as Transition Teams Wind Down

Mohamed Firuzul Abdulla Khaleel, spokesperson for the Office of the President-Elect, stated that the incoming government will re-examine some state-owned enterprises (SOEs) that have been running inefficiently and incurring high recurrent costs. The transitional committees have identified problematic companies. The new government will prioritize fixing operational issues, but if SOEs are inherently inoperable or legacy burdens, they may be reconsidered. No specific SOEs were named. The president-elect, Dr. Mohamed Muizzu, had been critical of some SOEs during his tenure as Mayor of Malé City and his presidential campaign.

Mohamed Firuzul Abdulla Khaleel, spokesperson for the Office of the President-Elect, stated that the incoming government will re-examine some state-owned enterprises (SOEs) that have been running inefficiently and incurring high recurrent costs. The transitional committees have identified problematic companies. The new government will prioritize fixing operational issues, but if SOEs are inherently inoperable or legacy burdens, they may be reconsidered. No specific SOEs were named. The president-elect, Dr. Mohamed Muizzu, had been critical of some SOEs during his tenure as Mayor of Malé City and his presidential campaign.

Mohamed Firuzul Abdulla Khaleel, spokesperson for the Office of the President-Elect, stated that the incoming government will re-examine some state-owned enterprises (SOEs) that have been running inefficiently and incurring high recurrent costs. The transitional committees have identified problematic companies. The new government will prioritize fixing operational issues, but if SOEs are inherently inoperable or legacy burdens, they may be reconsidered. No specific SOEs were named. The president-elect, Dr. Mohamed Muizzu, had been critical of some SOEs during his tenure as Mayor of Malé City and his presidential campaign.

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