JOURNAL ARTICLE

Maldives Plans $8.8 Billion Financial Hub Backed by Qatari Royal.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Farr, Isabella 3 of 3

Abstract

The government of Maldives plans to construct an $8.8 billion financial hub in the capital Malé, with backing from Dubai-based MBS Global Investments, led by Qatari royal Sheikh Nayef Bin Eid Al Thani. The Maldives International Finance Centre will offer tax incentives, including no corporate taxes or residency requirements, and focus on blockchain and digital assets. The country, facing a debt crisis, aims to address upcoming maturities with this project, as Moody's Ratings estimates external debt obligations to increase in the coming years. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/05, pN.PAG
  • Document Type:Article
  • Subject Area:Geography and Cartography
  • Publication Date:2025
  • Accession Number:184926911
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