Catenaa, Wednesday, May 13, 2025- The Maldives has unveiled plans for a landmark $8.8 billion blockchain and crypto hub aimed at transforming the nation’s economy and attracting global fintech investors, in a bold effort led by MBS Global Investments, a Dubai-based family office linked to a Qatari royal.
The project, named the Maldives International Financial Centre (MIFC), was formalized in an agreement signed May 4 and is expected to be completed by 2030. Located in the capital, Malé, the MIFC will operate as a corporate tax-free financial free zone, with no residency requirements for foreign entrepreneurs. Its backers claim the initiative will triple the Maldives’ GDP within four years.
The master plan outlines a fully climate-resilient zone powered by renewable energy, featuring residential and office towers, a 3,500-capacity conference venue, and a hub for fintech firms and digital nomads. The government anticipates over $1 billion in revenue from the project by year five.
President Mohamed Muizzu called the plan a symbol of “economic resilience” and a future-focused benchmark for global financial innovation.
MBS Global CEO Nadeem Hussain confirmed that between $4 billion and $5 billion in equity and debt commitments have already been secured, with the remaining funds to be raised through a consortium of family offices and high-net-worth investors.
