

Think about this! Sri Lankan investors (either directly or indirectly) control about 11 (eleven) percent of our tourist beds. Sri Lankan airlines has for decades controlled the major earning of the air-travel business in our tourism industry. Most of the accountants in many major Maldivian companies are Sri Lankans. They know the inside-out of our corporate strengths and weaknesses.
Sri Lankans are not only investing in resorts, but also in small travel agencies, restaurants and coffee shops as well. Most of these agencies are run in some Maldivians’ names and the Sri Lankans remain behind the curtain!
Where r all the talented Maldivian workers and investors? Our investors find it difficult to get investment capital due to a shortage of investment banks here in the Maldives. We also have a problem in motivating a relatively lethargic workforce. We also need to motivate the small to medium level investors to invest in restaurants, cafeterias, marts, etc.
Those Maldivians who want to invest in resort-operations and travel agencies also face major problems. For example, many resorts run by Sri Lankan and other foreign companies refuse to give rates for Maldivian travel agencies. Some people describe Maldives as an economic slave of Sri lanka. If we are blind to this we will soon wake up to a day when Sri Lankan investors control most of our tourist beds and hence control our travel agencies and the related industries in the tourism sector. By that time we would have ;lost control of most of our small businesses such as restaurants, coffee shops, marts, etc. as well.
President-elect Mohamed Nasheed's close allies and political-friends such as Sikka, Kerafa Naseem, Mausoom, GoGo Latheef, etc. are lovers of Sri Lanka and they may be inclined to maintain the status-quo. Nasheed should be brave enough to address this issue without being influenced by these allies.
We hope that our newly elected president Hon. Mr. Nasheed will be able to digest this message and address this pressing issue and also the many underlying issues here. The government should find ways to facilitate finance to local travel agents, tour operators and investors in all areas of business. A good example of the lethargic attitude that needs to be replaced by vigour is the fact that MATATO (Maldivian Association of Travel Agents and Tour Operators) is also an unknown and an unheard of thing for many Maldivians.
Appointing Sawad as the Tourism Minister would only increase the influence of few resorts operators such as Jabir, Gasim, Nashid, etc. who will have less incentive to spread the wealth than to increase their coffers.
This isn’t my own idea but I hear many Maldivians complaining that the Sri Lankans are slowly but steadily taking control of our tourism industry through their investment wings such as Aitkin Spense and John Keels. They build close relations with influential figures in the Tourism Ministry and the government and increase the number of resorts and hotels that they run, either directly or indirectly.
The problem in many such Sri Lankan-controlled resorts isn’t the fact that they aren’t Maldivian but it is the fact that those Maldivians who work in such resorts say that they feel like second-class citizens in such resorts. Most of the senior jobs in such resorts are given to Sri Lankans and they treat Maldivian Staff in the Sri Lankan managed resorts unfairly.
With the dawn of a new government and the possibility of “real change” in the air, it is time that we reevaluate our tourism industry and see if we need to revise certain regulations as to foreign investment and foreign ownership of resorts.
We should be careful that Sri Lankans may copy our “unique” tourism concepts, learn the construction and operations of such resorts, and then implement those concepts in other countries. Our unique tourism product needs to be preserved so that we are able to carry it on for many more years without losing control of it.
Investment banks need to be setup in the Maldives so that local investors don’t lose out to foreign investors such as Aitkin Spence when it comes to developing and managing resorts.
We don’t want the smooth-talking Sri Lankan investors to charm us and "pickpocket" our tourism industry with help from few, corrupt, Maldivian officials.
So we call upon the new government to look into this matter seriously before it’s too late!
President-elect Mohamed Nasheed's close allies and political-friends such as Sikka, Kerafa Naseem, Mausoom, GoGo Latheef, etc. are lovers of Sri Lanka and they may be inclined to maintain the status-quo. Nasheed should be brave enough to address this issue without being influenced by these allies.