Maldives Announces $8.8 Billion Blockchain Hub to Boost Economy
The Maldives has entered a joint venture with Dubai’s MBS Global Investments to establish a blockchain and digital assets hub in Malé. The $8.8 billion project, named the Maldives International Financial Centre, aims to transform the nation’s economic landscape.
Spanning 830,000 square meters, the development is projected to create 16,000 jobs and accommodate 6,000 residents. Phased construction over five years anticipates generating $1 billion in annual revenue by completion, potentially tripling the country’s GDP.
This strategic move leverages blockchain technology to diversify the Maldives’ tourism-dependent economy while addressing its debt challenges. The financial center positions the archipelago as a emerging player in digital asset infrastructure.
