Current Affairs - Economy - Discussion

The Maldives has unveiled plans to establish the Maldives International Financial Centre (MIFC) in its capital, Malé, with a massive $8.8 billion investment. This ambitious project, in collaboration with the Qatari-owned MBS Global Investments, is expected to be completed by 2030. Designed as a sustainable financial-free zone, the MIFC will serve as a hub for global financial institutions, fintech startups, and remote-working professionals. The initiative reflects the Maldives' strategic move to diversify its economy beyond tourism and position itself as a prominent financial player in the Indian Ocean region.