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Maldives and Dubai MBS sign an 8.8 billion USD Blockchain financial center joint venture protocol.
Gate.io News bot message, the Financial Times reported that the Maldives government has reached a joint venture agreement with Dubai's MBS Global Investments to jointly build a Blockchain and digital asset financial center in Male. The total investment amount for the project reaches 8.8 billion dollars.
MBS Global Investments is affiliated with the family office of Qatari billionaire Sheikh Nayef bin Eid Al Thani and has currently secured initial funding commitments of $4 to $5 billion.
The Maldives government promotes the transformation of the national economy from traditional tourism and fisheries sectors through this project.