The Maldives has unveiled plans for an $8.8 billion blockchain technology hub, marking one of the most ambitious digital infrastructure projects in the nation’s history. Slated for development across several artificial islands, the “Maldives Meta-Harbor” will integrate blockchain solutions for tourism management, international trade, and government services. The project’s first phase includes a crypto-friendly special economic zone and digital asset exchange platform designed to attract global Web3 businesses.
Government officials highlight how blockchain could solve unique Maldivian challenges, particularly in supply chain logistics for the tourism-dependent archipelago. “This allows us to track seafood exports from boat to table and verify sustainable tourism practices,” explained Economic Minister Ahmed Shaan. The hub will also pilot a CBDC for resort payments and implement blockchain-based land registry systems across 1,192 islands.
International partners from Singapore and Dubai are collaborating on the initiative, with $2.1 billion already committed from private investors. While some economists question the scale of investment for a nation of 500,000 people, proponents argue the tech hub could increase GDP by 12% annually by 2030. The project coincides with the Maldives’ push to reduce reliance on imported goods by creating digital export industries.
