Ex-finance minister Shafeeq appointed free zone company chief
Since his resignation, Shafeeq has also been appointed to the board of directors of the Housing Development Finance Corporation (HDFC).
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Dr Mohamed Shafeeq, who resigned as Minister of Finance in September, has been appointed Chief Executive Officer (CEO) of the Maldives Industrial Development Free Zone (MIDFZ).
His appointment took effect on 27 January.
MIDFZ was established on 2 January 2024 with the objective of increasing revenue through the import of goods into the Maldives for re-export to neighbouring countries. The company was formed with the involvement of multiple state-owned enterprises, including:
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Maldives Airports Company Limited (MACL)
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Maldives Ports Limited (MPL)
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State Trading Organisation (STO)
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Maldives Transport and Contracting Company (MTCC)
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Housing Development Corporation (HDC)
Since his resignation, Shafeeq has also been appointed to the board of directors of the Housing Development Finance Corporation (HDFC), where he previously served as Head of Finance before becoming a minister.
Shafeeq resigned as Minister of Finance on 30 September. On the same day, President Mohamed Muizzu appointed Moosa Zameer, the then Minister of Foreign Affairs, to the position.
