MBS and Maldives Government Launch Ambitious $8.8B MIFC Project
- Jun hao
- May 7
- 2 min read
Malé, Maldives – May 4, 2025 – The Government of the Maldives and MBS Global Investments have announced a groundbreaking initiative to invest US$8.8 billion in developing the Maldives International Financial Centre (MIFC) a 100% sustainable financial free zone in Malé. The MIFC aims to attract international financial institutions, fintech pioneers, and digital nomads by offering a future-ready, tax-friendly environment.
MIFC will offer zero corporate tax, tax-free inheritance, no residency requirement, and full foreign ownership, making it highly attractive to global entrepreneurs, investors, and wealth creators. Residents will enjoy multi-currency banking, offshore private banking, and supportive regulations for digital assets and green finance.
Set for completion by 2030, MIFC is expected to boost the Maldives’ GDP significantly, with projected revenues surpassing US$1 billion by year five.
The financial centre will also feature:
A 3,500-person capacity international conference center
Three iconic high-rise towers for global headquarters and residences
Branded oceanfront apartments, luxury hotels, museums, retail, and international education
A car-free upper level with underground logistics and 100% renewable energy
Wellness, sports, and green zones for a live-work-play lifestyle
President Dr. Mohamed Muizzu stated, “MIFC represents the Maldives of tomorrow, a global benchmark of innovation, resilience, and prosperity that benefits future generations.”
Finance Minister added, “This marks a turning point in diversifying our economy beyond tourism and positioning the Maldives as a financial powerhouse.”
Architect Gianni Ranaulo, the project’s master planner, emphasized environmentally conscious design inspired by the local marine ecosystem. The entire project spans 780,000 sqm, with capacity for over 6,500 residents and 35,000 daily visitors.
The Maldives is now firmly positioning itself as the next frontier in global finance — combining innovation, sustainability, and opportunity.
News Source: newswire.ca
⚠️ Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any financial decisions.
