The government sees port infrastructure as a key factor in keeping consumer prices stable, Economic Minister Mohamed Saeed said, as it moves ahead with plans to relocate commercial port operations to address longstanding logistical bottlenecks.
Speaking at the signing ceremony to establish bonded-zone and duty-free-zone services at Hithadhoo Commercial Port, Minister Saeed said traders are currently facing significant operational difficulties due to limited space at the port. He noted that goods often remain unloaded for days, resulting in spoilage, changes in product quality, and price volatility that ultimately affects consumers.
Minister Saeed said the government’s role is to ensure that imported goods reach the public at the lowest possible price, which requires creating the conditions for efficient trade. While various measures have been taken to manage commodity price movements, he said prolonged unloading delays continue to place pressure on businesses and supply chains.
As a result, the government plans to relocate the commercial port to Thilafushi next year. Minister Saeed stressed that the decision is driven by operational needs rather than issues with the current island, noting that the new location offers the space required for smoother and more efficient port activities.
Addressing concerns raised by parts of the private sector, Minister Saeed acknowledged that some traders and farmers reported losses when the State Trading Organization expanded its imports of fruits and vegetables, including locally grown produce. He added that similar concerns have emerged following the government’s announcement of plans to enter the tourism sector, which has traditionally been dominated by private operators.
Minister Saeed said these issues are under review, but reiterated that the government’s primary responsibility is to maintain affordability and market stability, particularly for essential goods, even as it balances the interests of private businesses and consumers.
