The Maldives has partnered with Dubai’s MBS Global Investments to build a $9 billion blockchain and crypto hub in Malé, signed on May 4, 2025. Aimed at diversifying beyond tourism, the Maldives International Financial Centre will span 830,000 sqm, create 16,000 jobs, and take five years to complete. Costing more than the nation’s $7B GDP, the hub seeks to attract foreign investment and compete with crypto giants like Dubai and Singapore, boosting the Maldives’ economy and easing its debt.
