US EditionTHE GOVERNMENT OF THE MALDIVES AND MBS GLOBAL INVESTMENTS PLEDGE $8.8 BILLION TO CREATE THE MALDIVES INTERNATIONAL FINANCIAL CENTRE
- On May 4, 2025, an $8.8 billion initiative was announced to establish the Maldives International Financial Centre in Malé, aiming to attract global finance and diversify the nation’s economy beyond tourism.
- The initiative seeks to broaden the Maldives' economic base beyond tourism by launching a fully sustainable financial free zone intended to draw international banking entities, innovators in financial technology, as well as remote workers from around the world.
- The mixed-use urban district, master-planned by Architect Gianni Ranaulo, will span 780,000 sqm, house over 6,500 residents, feature a 3,500-capacity conference centre, and include climate-resilient infrastructure powered exclusively by renewable energy.
- The Maldives Finance Minister described the initiative as a landmark development, while MBS Global Investments CEO Nadeem Hussain highlighted that the centre will propel financial innovation forward by two decades and establish a new worldwide standard.
- Scheduled for completion by 2030, the MIFC is expected to increase the Maldives' GDP significantly within four years and generate over $1 billion in revenue by the fifth year, positioning Malé as a premier Indian Ocean financial hub.
62 Articles
62 Articles
The Courier-Tribune
THE GOVERNMENT OF THE MALDIVES AND MBS GLOBAL INVESTMENTS PLEDGE $8.8 BILLION TO CREATE THE MALDIVES INTERNATIONAL FINANCIAL CENTRE
MALÉ, Maldives, May 4, 2025 /PRNewswire/ -- The Maldives Government and MBS Global Investments are to create an US$8.8bn Maldives International Financial Centre (MIFC) - a wholly sustainable, Financial Freezone in Malé, Maldives, designed for and created to attract global…
Kilgore News Herald
The Government of the Maldives and MBS Global Investments will establish the Maldives International Financial Centre.
The Government of the Maldives and MBS Global Investments pledge $8.8 billion to establish the Maldives International Financial Centre.
THE GOVERNMENT OF THE MALDIVES AND MBS GLOBAL INVESTMENTS PLEDGE $8.8 BILLION TO CREATE THE MALDIVES INTERNATIONAL FINANCIAL CENTRE - PressReach
MALÉ, Maldives, May 4, 2025 /PRNewswire/ — The Maldives Government and MBS Global Investments are to create an US$8.8bn Maldives International Financial Centre (MIFC) – a wholly sustainable, Financial Freezone in Malé, Maldives, designed for and created to attract global financial institutions, fintech pioneers, and global digital Nomads. Allowing the Maldives to diversify beyond tourism, it will attract the future of finance and position Malé a…
Maldives Bets $8.8 Billion On Blockchain To Counter Economic And Debt Challenges - Data Intelligence
The Maldives has finalized an $8.8 billion agreement to build a blockchain-first financial hub that reportedly eclipses the nation’s entire economy. The country aims to reposition itself as a global destination for digital assets. Per the Financial Times, Dubai-based MBS Global Investments will finance the Maldives International Financial Centre (MIFC) project. The government signed the agreement on May 4, positioning MIFC as a tax-free zone in …
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