The Maldives will build an $8.8 billion International Financial Center focused on blockchain and digital assets, with Dubai-based MBS Global Investments as the main investor.
The project aims to diversify the country’s economy, which is currently facing a serious debt crisis. The center will be located in the capital, Malé, cover an area of 830 000 square meters, and create up to 16 000 jobs.
By its fifth year of operation, the center is expected to generate over $1 billion in annual revenue.
