🚨🇲🇻#MALDIVES BETS BIG: $9BN BLOCKCHAIN HUB TO #BOOST STRUGGLING ECONOMY
🔹$8.8B plan by Dubai-based MBS Global Investments to build a blockchain and digital assets hub in Malé
🔹Project value exceeds Maldives’ annual GDP (~$7B)
🔹Aims to diversify economy away from tourism/fisheries amid looming debt crisis
🔹Maldives International Financial Centre to employ 16,000 and host 6,500 residents
🔹Government hopes to triple GDP in 4 years, generate $1B+ annual revenue
🔹Follows India’s $760M bailout earlier this year
🔹investor: Qatari Sheikh Nayef bin Eid Al Thani’s family office
