Based on a theoretical study, we demonstrated that magnesium boride nanotubes can reach the same stability as bulk MgB 2 structure. However, most stable nanotubular forms are not structurally derived from mixed triangular-hexagonal structural motifs of a single layer sheet, which is thought to be the 2D precursor form of all boron nanotubes. MgB 2 multiwall nanotubular structures that are derived from multilayer MgB 2 slabs with honeycomb Bnetworks in hexagonal lattices are more stable. The results of an ab initio study of multilayer slabs of MgB 2 show that a 25-layer slab approaches the stability of bulk MgB 2 . The critical parameter of the corresponding multiwall nanotubes is the inner diameter; the calculated value is ~ 32.6nm, which is independent of the number of walls. The outer diameters of 25-wall nanotubes are ~ 51 nm, and terminal Mg atoms are located on the outer surfaces of the nanotubes. The electronic band structures of MgB 2 -multiwall nanotubes (MgB 2 MWNT) correspond to the band structure character and topology of superconducting bulk MgB 2 . The results confirm that the quasi-1D superconductor MgB 2 MWNT is a stable structure and can be synthesized.