Dubai Family Office MBS spent 8.8 billion US dollars to explain in detail! To build Maldives into a blockchain, cryptocurrency and financial center

Honeymoon resort and top vacation paradise Maldives, may soon be replaced by a brand new sign - cryptocurrency will replace sunshine and beaches, becoming the new ace to attract global attention.

MBS Global Investments, a family office based in Dubai, announced plans to invest $8.8 billion to build a financial center for "blockchain and digital assets" in the Maldives.

This huge investment case will not only help the Indian Ocean island nation get rid of its high dependence on tourism and fishery, but it is also regarded as a lifeline to alleviate the country's debt pressure.

MBS Global Investments is managed by the family office of Kada royal Sheikh Nayef bin Eid Al Thani.

This layout of the Maldives is regarded as the starting point for this small island country to enter the blockchain and cryptocurrency industry for the first time.

It is worth noting that the scale of the estimated investment even exceeds the national GDP of Maldives (about US$7 billion), and more than US$4 billion of funds have been promised in place, and the financing pipeline covers the dual tracks of equity and debt.

Maldives Finance Minister Moosa Zameer described in an interview that this transformation plan is an important battle for the national economy "diversification".

He admitted that the biggest challenge facing the Maldives is the huge extra debt due in the next two years, and the launch of this financial center is expected to unravel the national finances.

According to the planning blueprint, the Maldives International Financial Centre, with a total area of ​​830,000 square meters, is expected to accommodate 6,500 residents and create up to 16,000 jobs.

The official positioning of this park is a "financial free zone" with global oriented and blockchain and digital asset services as the core.

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