Dubai PR Network, Online Press Release from Dubai and Middle East
 
Travel and Tourism,
Filter PR by
  
The government of the maldives and mbs global investments pledge $8.8 billion to create the maldives international financial centre

Malé, Maldives, 5th May 2025  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 as the premier global business and financial hub in the Indian Ocean through an integrated, mixed-use urban district.

MIFC will offer no corporate tax, tax-free inheritance, ownership as per the constitution of the Maldives, and privacy. Combined with no residency requirements, it's set to attract digital nomads, entrepreneurs, and wealth creators seeking freedom without borders. 

Residents will benefit from multi-currency banking and access to offshore private banking. Future-ready regulations will support digital assets, and green finance - making MIFC not just a financial hub, but a destination for those investing in the legacy of future generations.

Due to be completed by 2030, it will be easily accessible from any part of the world and the aim is to notably increase the country's GDP within four years with projected revenue to be well over US $1bn by the fifth year.

The centrepiece of MIFC is a state-of-the-art conference centre with capacity for 3,500 people. The multi-purpose convention venue will host leading global conferences, cultural events and innovation-driven hackathons establishing Male as leading assembly hub, driving all year round engagement in the Maldives and further supporting the wider, already established hospitality industry

The plan includes three iconic residential and office towers designed for international HQs and regional offices, high-end, sea front branded residences, world-renowned hotel brands, vibrant and one-of-a-kind retail experience, Oceanographic Museum, Mosque, and leading education facilities including an International School.

President Dr Mohamed Muizzu said, 'With the MIFC, we are shaping the Maldives of

tomorrow, a beacon of innovation and national pride that will thrive in harmony with nature.

The financial centre will be a symbol of economic resilience and will set a new global benchmark that will massively benefit the people of the Maldives for generations to come.'

Minister of Finance for the Maldives said, 'This is a momentous project. It offers a great opportunity to diversify our economy beyond tourism in line with our ambitions and will attract the best businesses and visionary entrepreneurs in the world.' 

Nadeem Hussain, CEO of MBS Global Investments said, 'The financial centre will set a new global benchmark, advancing financial innovation by at least two decades. It is the next evolution of what has been happening in other financial centres around the globe.'

MIFC will have a fully climate-resilient infrastructure, and the architecture and public spaces will be powered exclusively by renewable energy. The upper level of the development will be entirely car-free, with all transport and logistics infrastructure located underground to preserve a pedestrian-friendly, open-air environment.

It will offer a holistic lifestyle rooted in wellness and longevity - designed to be one of the most desirable places to live and work. It will feature world-class sports facilities, cutting-edge longevity and wellness centres, and shaded running and cycling tracks woven through expansive green spaces. Complementing its state-of-the-art office spaces, MIFC will also be home to premium retail, celebrated F&B destinations, and dynamic cultural venues - creating a truly integrated live-work-play environment.

This dynamic mixed-use development has been designed by master planner Architect Gianni Ranaulo, every structure from the overarching master plan to the individual buildings are inspired by the local fauna and marine eco-system. Ranaulo incorporates environmentally conscious practices in all projects. The total size of the development is 780,000 sqm where more than 6,500 people can reside, and an expected daily footfall of 35,000.


 
Posted by : DubaiPRNetwork.com Editorial Team
Viewed 10398 times
PR Category : Travel and Tourism
Posted on : Monday, May 5, 2025  10:26:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com. Check our Privicy Policy.
Previous Story : Dive into Endless Adventure and Family Fun at JA Beach Hotel
Next Story : Emirates caps record-breaking ATM, welcoming over 27,000 vis...
Email this article Print this article

 
 
Most Viewed Press Release posted in the last 7 days
SHEGLAM's Got Your Summer Look on Lock [32050-Views]
EDGE Signs Record-Breaking AED 9 Billion Naval Contract with Kuwait Ministry of Defence [31549-Views]
Unlock Radiant Skin with Our Skin-Balancing Nourishing Essence! [30262-Views]
G-SHOCK Launches GA-V01 in the UAE — A Bold New Era for Watch Design [24756-Views]
WTM London 2025 Conference Programme: One Vision, Six Tracks — Call for Content Now Live [19692-Views]
Hotpack achieves group ISO Re-certification across 20 facilities – a regional first in pac... [12620-Views]
Brazil Officially Removes UAE from List of Jurisdictions with Preferential Tax Regimes [12087-Views]
Salik variable toll rates for Sunday, June 8th [5707-Views]
UAE Ministry of Finance Hosts Awareness Session for Emirati Students in China on Career Op... [5674-Views]
H.E. Bin Touq and Greek Minister of Tourism announce Greece as host of Investopia Global –... [5637-Views]
Majra – National CSR Fund honours top 20 CSR projects at inaugural Sustainable Impact Chal... [5207-Views]
Etihad Goes Four Daily To Karachi [5158-Views]
Dubai Municipality designates four beaches for families during Eid Al-Adha holiday [5150-Views]
International Schools Partnership expands regional footprint with acquisition of Smart Vis... [5129-Views]
Hamdan Bin Mohammed Smart University Explores Academic and Research Cooperation with Port ... [4818-Views]
RPM's medical team provides healthcare services for Hajj 2025 Pilgrims [4711-Views]
Habitat Schools in Ajman to Host Malayalam and English Eid Gah Prayers This Eid al-Adha [4711-Views]
Sport Impact Summit Unveils Powerful AI Partnerships to support UAE Climate Law Implementa... [4654-Views]
Dubai's 3 Day Super Sale Drives Strong Retail Performance and Seasonal Eid Spending Across... [4629-Views]
FDF organises dialogue sessions to enhance quality of life for senior citizens in Abu Dhab... [4621-Views]
RTA Announces Integrated Project for Development of Al Wasl Road Spanning 15 km [4576-Views]
Middle East's world championship motorsport dates secured for 2026 [4494-Views]
Unwind, Dine, and Explore with Rixos Marina Abu Dhabi's Exclusive Endless Summer Escape [3936-Views]
Emirates Nature–WWF Launches 'Sprint for Change' to Mobilize UAE Public for a Summer of Ac... [3743-Views]
Dubai Culture Concludes Japan Art & Culture Delegation Programme [3026-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories