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The Maldivian government and MBS Global Investments have committed $8.8 billion to build an "International Financial Center."
Jin10 reported on May 5 that on May 4 local time, the Maldivian government and MBS Global Investments, headquartered in Dubai, announced the establishment of the "Maldives International Financial Center" (MIFC). The total investment for the project is expected to reach $8.8 billion, with the site located in the capital of the Maldives, Malé. The project is expected to be completed by 2030, aiming to significantly boost the Maldives' GDP within four years, and it is anticipated that revenues will exceed $1 billion in the fifth year.