President Dr. Mohamed Muizzu on Sunday launched the Maldives International Financial Centre (MIFC), declaring it a defining step toward economic transformation and a symbol of national ambition and global engagement.
The announcement was made during the signing ceremony of a joint venture agreement and Memorandum of Understanding (MoU) between the Ministry of Finance and Planning and MBS Global Investments to establish the MIFC. The event, attended by several high-profile international dignitaries, marked what the President described as the beginning of a bold new chapter for the Maldives—one rooted in innovation, resilience, and purpose.
In his remarks, President Muizzu said the MIFC reflects the Maldives’ commitment to diversifying its economy beyond traditional sectors and positioning itself as a digital-first, inclusive, and sustainable financial hub. He described the initiative as a cornerstone in the country’s vision to achieve developed nation status by 2040.
The President underscored that the MIFC would not replicate outdated models but would instead set a new benchmark for a future-ready financial ecosystem. With projected multibillion-dollar revenues and significant contributions to national GDP, the MIFC is expected to be a key driver of economic growth and job creation for future generations.
Following the signing, President Muizzu presented commemorative mementoes to the distinguished guests, signaling the start of the Maldives’ ambitious journey to become a smart island nation and a regional leader in finance and innovation.
The announcement was made during the signing ceremony of a joint venture agreement and Memorandum of Understanding (MoU) between the Ministry of Finance and Planning and MBS Global Investments to establish the MIFC. The event, attended by several high-profile international dignitaries, marked what the President described as the beginning of a bold new chapter for the Maldives—one rooted in innovation, resilience, and purpose.
In his remarks, President Muizzu said the MIFC reflects the Maldives’ commitment to diversifying its economy beyond traditional sectors and positioning itself as a digital-first, inclusive, and sustainable financial hub. He described the initiative as a cornerstone in the country’s vision to achieve developed nation status by 2040.
The President underscored that the MIFC would not replicate outdated models but would instead set a new benchmark for a future-ready financial ecosystem. With projected multibillion-dollar revenues and significant contributions to national GDP, the MIFC is expected to be a key driver of economic growth and job creation for future generations.
Following the signing, President Muizzu presented commemorative mementoes to the distinguished guests, signaling the start of the Maldives’ ambitious journey to become a smart island nation and a regional leader in finance and innovation.
