The Maldives has announced a groundbreaking partnership with Dubai-based MBS Global Investments to construct a $9 billion crypto hub in the capital city, Malé. This bold initiative seeks to position the island nation as a leader in blockchain innovation.
The project—dubbed the Maldives International Financial Centre—will span over 830,000 square feet. It is expected to generate employment for over 16,000 individuals. The government is banking on blockchain innovation to diversify its economy beyond its traditional fishing and tourism sectors.
Nadeem Hussain, CEO of MBS Global Investments, confirmed the team has already secured $4 billion to $5 billion in funding. MBS Global Investments will finance the project using a mix of capital and structured debt. The company’s global, family-run network will organise the financial arrangements. A key financial figure behind the venture is Sheikh Nayef bin Eid Al Thani of Qatar, who will mobilise family-linked investment networks to cover the remaining balance.
Hussain emphasized that the project includes a 3,500-person capacity conference centre, office space, and three high-rise residential buildings. Future residents will benefit from multi-currency banking facilities and smart city infrastructure. This move reinforces the government’s push to attract tech-savvy investors and professionals.
Maldives Finance Minister Moosa Zameer believes blockchain innovation will be essential to averting a looming financial crisis. The nation faces debts of $700 million in 2025 and $1 billion in 2026, as flagged by Moody’s Ratings.
Inspired by Dubai’s architectural visionaries, the buildings will feature eco-conscious designs, energy-efficient systems, and pedestrian-friendly planning. The project promises running tracks, open-air lounges, and dedicated cultural zones.
MBS and the Maldives government are eager to use blockchain innovation as a strategic tool to modernize the economy. They aim to attract global investment and create a self-sustaining digital hub in South Asia.
