President Dr. Mohamed Muizzu, fresh off of his oath taking, appointed the ministers to his cabinet on Friday evening, November 17.
The newly sworn-in President appointed Mohamed Saeed as the Minister of Economic Development and Dr. Mohamed Shafeeq as the Minister of Finance.
The two, along with other cabinet ministers under the Dr. Muizzu administration were designated for their respective positions in a ceremony held at the President’s Office.
Dr. Muizzu is focused on addressing the rising debt of Maldives, and revitalizing the country’s economic post Covid-19 pandemic, the two ministers are expected to play instrumental roles in steering the island nation towards progressive growth.
Saeed has previously served as the Minister of Economic Development under former President Abdulla Yameen’s administration. Being a cabinet colleague of current President, Saeed has been appointed for the post in light of the progressive efforts made by the ministry during his previous tenure.
The minister has 18 years of experience in managerial roles in various resorts and other corporate bodies before his transition into politics. He also served as a non-executive member of the Maldives Monetary Authority’s (MMA) Board of Directors.
Saeed had also previously filled the position of the Director of Asia Infrastructure and Investment Bank, and was the super CEO in three state-owned enterprises during Yameen’s administration.
On the other hand, the newly appointed Minister of Finance Shafeeq is new to both politics and ministerial positions. He previously was the Chief Financial Officer of the Housing Development Finance Corporation (HDFC).
Shafeeq holds a PhD in Business Administration and has provided consultancy services to various local and international corporations in the financial and economic sectors in the Maldives. He also served as a board member of the Maldives Hajj Corporation.