- Maldives launched the international financial center of $ 8.8 billion (MIFC), focused on blockchain and digital assets.
- MIFC will generate $ 1 B + and triple the GDP of the Maldives in 4 years
- The project aims to reduce dependence on the tourism sector
The Maldives take a daring jump in the world of blockchain and fintech with the announcement of its flagship initiative, the Maldives International Financial Center (MIFC). This revolutionary initiative will be a world class blockchain center covering 830,000 square meters, which will redefine the country's economic landscape.
According to official reports, the center will accommodate 6,500 people and provide 16,000 direct jobs. Scheduled for completion in the coming years, the center is expected to triple the GDP of the Maldives in just four years. By its fifth year, the MIFC is expected to generate more than a billion dollars in annual economic production, firmly placing the island nation on the global financial card.
A new era of economic growth
This blockchain center represents more than a simple real estate project. It is part of a wider strategy to transform the Maldives into regional power for blockchain innovation, digital finance and international investment.
The MIFC will serve as the basis for fintech companies, Cryptography exchangesResearch laboratories and innovation centers, attracting talents and investments around the world. The officials expect this change to decrease the country's dependence on tourism, in particular following the economic disturbances caused by international crises.
Sustainability is also a central aspect of the plan. The government said the project will have Green energy sources And elements of the intelligent city that can be understood, in synchronization with the objectives of conservation of the Maldives for the environment.
With a daring ambition and strategic planning, the Maldives prepare the way to become a technological economy in the Indian Ocean.
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