Overview
- MBS Global Investments, managing assets for Qatari royal Sheikh Nayef bin Eid Al Thani, will invest $8.8 billion over five years in the Maldives International Financial Centre.
- The project, a partnership with the Maldives government, aims to reduce reliance on tourism and fisheries while addressing the nation's mounting external debt.
- The planned financial free zone will span 830,000 square meters, accommodate 6,500 people, and generate up to 16,000 jobs.
- Preliminary funding commitments have already surpassed $4 billion, with capital deployment and master planning now underway.
- The initiative marks a significant pivot for the Maldives, which currently has minimal involvement in blockchain and digital assets.