TechFlow news, May 5 — According to the Financial Times, MBS Global Investments, a Dubai-based family office managing the assets of Sheikh Nayef bin Eid Al Thani of Qatar, plans to invest $8.8 billion in the Maldives for blockchain and digital asset projects.
The project is set to be implemented over the next five years, surpassing the Maldives' 2023 GDP of $7 billion. It includes the construction of an international financial center spanning 830,000 square meters, expected to house 6,500 residents and create 16,000 jobs.
MBS Global Investments said it has raised $4–5 billion through a consortium comprising its family office and a network of high-net-worth individuals. The initiative aims to diversify the Maldivian economy and reduce its heavy reliance on tourism and fisheries.
