President Dr Mohamed Muizzu has launched Greater Malé Financial District Limited, a new State-owned company aimed at transforming the Maldives into a global financial hub. Formed under the Companies Act with a capital of MVR 1 billion, the firm will drive innovation in banking, digital real estate, and financial tourism. It supports the Government’s broader economic strategy, including the goal to derive 15 per cent of GDP from the creative economy by 2030. Hulhumalé is envisioned as the country’s financial capital, backed by a recent deal with MBS Global. The initiative marks a major step toward economic diversification beyond traditional tourism.