Person
Mohamed Saeed
Described in the news as: Minister of Economic Development, Transport and Trade; Economic Minister; Minister of Economic Development, Transport, and Trade; Minister of Economic Development and Trade.
In the news, last 90 days
Economy
Price reduction measures designed to minimise impact on SMEs:...
Minister of Economic Development, Transport and Trade Mohamed Saeed defended the Government's price-reduction measures in response to a no-confidence motion filed by the MDP, saying they are designed to minimise impact on SMEs while easing costs for consumers. He said State Trading Organization interventions are temporary, and noted the Cabinet had designated 26 essential goods under President Mohamed Muizzu's direction, alongside a presidential decision to designate 80 goods as essential.
Economy
Economic Minister backs investment forums amid global competition
Minister of Economic Development, Transport and Trade Mohamed Saeed defended government spending on Maldives Investment Forums in Parliament on Wednesday while responding to a no-confidence motion from the MDP. He said the government had held 11 international forums since President Mohamed Muizzu took office, arguing their value is long-term rather than immediately measurable.
Infrastructure
BML Begins Construction of 182 Housing Units in Hulhumalé
The Bank of Maldives has begun foundation and concrete works on 182 housing units in Hulhumalé Phase 1, half of the 364 units planned there under the government's Housing For All initiative. BML spokesperson Mohamed Saeed said construction is progressing on 3,260 housing units across Malé City, expected to be completed by mid-2028, and that developments have also commenced in Hulhumalé Phase 2, Hulhumalé Phase 3 and Vilimalé.
Economy
Maldives invites Italian businesses to explore investment opportunities
Minister of Economic Development, Transport and Trade Mohamed Saeed invited Italian businesses to explore investment opportunities in the Maldives while speaking at a ceremony marking 60 years of diplomatic relations between the Maldives and Italy and Italy's 80th National Day. He noted Italy is the fifth-largest source of tourist arrivals and saw potential to expand ties beyond tourism in technology, innovation and sustainable development.
Politics · Opinion
Saeed: a real inherited burden for Maldivians
The article argues that Minister of Economic Development, Transport, and Trade Mohamed Saeed repeatedly blames inherited state debt instead of delivering results, and that sovereign borrowing obligations legally bind the Maldivian State rather than any individual leader or government. It traces his career across the Yameen and Muizzu administrations and contends that the real burden passed to citizens is Saeed himself.
International
Maldivian soldier posthumously awarded Italian gold medal for valour
Maldives National Defence Force Sergeant First Class Mohamed Mahudhee was posthumously awarded Italy's Gold Medal for Civil Valour for his role in a rescue operation for Italian divers lost in an underwater cave in Vaavu Atoll, where he died. The medal was presented by Italian Ambassador Damiano Francovigh and Minister of Economic Development Mohamed Saeed at a ceremony at the Barceló Nasandhura Malé marking 60 years of diplomatic ties and Italy's 80th National Day.
International
Italy bestows highest bravery honour on late MNDF diver Mahudhee
Italy conferred its highest civilian bravery honour, the Gold Medal for Civil Valour, on the late MNDF diver Sergeant First Class Mohamed Mahudhee, whose children received the medal at a reception in Malé. The recognition honours his courage and sacrifice during the search for four missing Italian divers in Vaavu Atoll.
Economy
Minister Saeed seeks stronger Maldives–Italy investment ties...
Minister of Economic Development, Transport and Trade Mohamed Saeed invited Italian businesses to invest in the Maldives at a reception marking Italian National Day, as the two countries commemorate 60 years of diplomatic relations. He highlighted trade, technology, innovation and sustainable development as areas for collaboration and noted Italy is the Maldives' fifth-largest tourism source market.
Politics
Rejection of no-confidence motion reflects public trust in government: Economic Minister
Parliament rejected a no-confidence motion against Minister of Economic Development, Transport and Trade Mohamed Saeed, who said the decision reflects public trust in the government's policies. He credited President Dr Mohamed Muizzu's leadership and economic policies with preventing bankruptcy and improving the Maldives' credit rating, and thanked the Speaker, the PNC Parliamentary Group Leader and PNC members for their support.
Politics
The 4 Nov MPs resemble schoolchildren; sittings must be adjourned by 11:00 a.m. just so they can attend classes: Shamheed
MP Dr. Ahmed Shamheed said parliamentary sittings must be adjourned by 11:00 a.m. daily so MPs can attend classes, and criticised the lack of debate and economic policy in the People's Majlis. Speaking at an MDP Parliamentary Group press conference on Wednesday, he also cited official statistics showing food prices rose by more than 8 percent this year.
Economy
MMA legally responsible for resolving dollar shortage: Saeed
Economic Minister Mohamed Saeed told Parliament that the Maldives Monetary Authority, not his ministry, is legally responsible for resolving the dollar shortage, citing Article 24(a) of the Maldives Monetary Authority Act 1981. He said the current administration has released 80 per cent more US dollars through banks than the previous one, with USD 1.9 billion released over the past three years under President Dr Mohamed Muizzu.
Economy
Dollars released at official rate increased by 80%: Minister Saeed
In Parliament's sitting, the opposition MDP's no-confidence motion against Economic Minister Mohamed Saeed was taken up, with Saeed saying claims about the dollar rate are false and that dollars released at the official rate have risen 80%. He said USD 1.9 billion had been provided from 2024 to the present, compared with USD 1.75 million released during the last three years of the Solih administration, and highlighted a requirement to exchange 40% of dollar income.
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