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Dubai Family Office to Invest $8.8B to Turn the Maldives Into a Blockchain Hub
Dubai Family Office to Invest $8.8B to Turn the Maldives Into a Blockchain Hub
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A Dubai-based family office managing assets for Qatari royal Sheikh Nayef bin Eid Al Thani is spearheading an $8.8 billion initiative to transform the Maldives into a blockchain and digital assets hub. The project, led by MBS Global Investments, aims to diversify the archipelago’s tourism and fishing-dependent economy amid rising external debt pressures.
The investment, which exceeds the Maldives’ annual GDP of $7 billion, will roll out over five years. The move signals growing institutional interest in blockchain infrastructure development, though the Maldives currently has minimal crypto industry presence.
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