In a significant move to enhance economic efficiency, the government of the Maldives has announced its plans to merge several state-owned enterprises. This decision follows a recent cabinet ministerial meeting held today, where key strategies for the future of the nation’s economic framework were discussed.

Among the notable mergers are the Fahi Dhiriulhun Corporation (FDC), which will be integrated into the Housing Development Corporation (HDC). Additionally, the Maldives Fund Management Corporation (MFMC) and Business Center Corporation (BCC) will also undergo consolidation, while the Regional Airports Company will merge with the Maldives Airports Company Limited (MACL). These changes appear aimed at streamlining operations and improving service delivery within these sectors.

Just last week, President Muizzu implemented a restructuring within Fenaka Corporation, which has been placed under the aegis of the State Trading Organization (STO). This reorganization is part of a broader strategy to adapt to recent economic changes that have impacted the Maldives.

The government assures citizens that these transformations will lead to a successful overhaul of existing procedures, intending to bolster the economic position of the Maldives. As these mergers unfold, stakeholders and the public alike will be watching closely to assess the outcomes of these strategic decisions on the nation's economic future. 

Through these reforms, the Maldivian government aims to create a more sustainable and robust economic environment that aligns with the dynamic global landscape.