Maldives Plans $8.8 Billion Financial Hub Backed by Qatari Royal
Buildings in Malé, capital of the Maldives.
Photographer: Roberto Schmidt/AFP/Getty Images
This article is for subscribers only.
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.