On the 15th of January, the Maldives National Chamber of Commerce & Industry (MNCCI) leadership convened a press briefing to introduce the newly elected President, Mr. Shahmeed Abdulla, and Vice President, Mr. Hassan Shamaam.
During the briefing, Mr. Shahmeed emphasized the board’s strong commitment to actively advocating for both commercial and social opportunities within the nation. He acknowledged the positive steps taken by President Dr. Muiz’s administration in addressing current economic challenges, highlighting the fruitful economic prospects arising from a recent trip to China. Mr. Shahmeed also expressed concerns about the shortage of US dollars, noting that President Dr. Muiz’s announcements offered some relief to this issue. Looking ahead, he mentioned the anticipated challenges in 2026 and expressed confidence that inbound investments would significantly alleviate the currency shortage.
Mr. Shamaam, the Vice President of the Chamber, expanded on the future role of MNCCI, emphasizing its active involvement in promoting various opportunities for small and medium entrepreneurs. He underscored the newly elected leadership’s mandate to transition the commerce industry towards a fintech economy, highlighting the importance of research and providing accurate information to traders as key priorities for the year. Mr. Shamaam also stressed the significance of data management and encouraged entrepreneurs to leverage data in their decision-making processes. Lastly, he highlighted the Chamber’s commitment to recognizing the unsung heroes in various industries nationwide.
The MNCCI leadership conveyed that detailed information about the Chamber’s upcoming events would be presented in subsequent press briefings.