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Sunday, May 4, 2025

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

 


The government of Maldives said it plans to build an $8.8 billion financial hub backed by Dubai-based MBS Global Investments as the country seeks to address a debt crisis.

The Maldives International Finance Centre, to be built in the capital Malé over the next five years, will have no corporate taxes or residency requirements and offer tax-free inheritance, MBS said in a statement.

https://www.bloomberg.com/news/articles/2025-05-04/maldives-plans-8-8-billion-financial-hub-backed-by-qatari-royal

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