Foreign investments should not threaten independence, says home minister

The current administration should carefully consider how far and wide the country’s doors should be opened to foreign investors in order to protect economic independence and sovereignty, Home Minister Umar Naseer has said.

In his speech at a flag-hoisting ceremony held last night to mark the 49th Independence Day, Naseer said tactics to “enslave” nations in the present day involved infiltration of the economy and “ideological warfare”.

“[But] the happy news is that the policy of the current government is very clear,” he said, adding that President Abdulla Yameen’s administration would ensure that independence and sovereignty are protected when economic zones are created to attract foreign investors.

The property and assets of the Maldivian people would be preserved, he said, while the government would also ensure that necessary “restrictions” are in place when the special economic zones are established.