President Ibrahim Mohamed Solih has said that the tourism sector overtook the fishing industry when the government started controlling the fishing industry.
Speaking at the Fishermen’s Day function last night at Dharubaaruge, President Solih said that the Maldivian fishing industry is an economic treasure with over a hundred years of experience that is benefiting the economy today.
He highlighted that it was the same time the Maldives began exporting frozen fish and evolved to engine vessels that major changes began happening in the tourism sector.
President Solih said that if private businesses were allowed to invest in the fishing industry back in the 1970s, the industry would have developed as much as the tourism sector or further than that.
He said that his administration’s policy is to provide investment opportunities in fishing as much as possible and assist local businesses.