Maldives has signed a historic agreement with MBS Global Investments, based in Dubai, to establish a $9 billion #crypto and blockchain center in the capital, Malé.

This investment, which exceeds the country's GDP, encompasses the construction of a financial center covering 830,000 square meters and aims to provide employment for 16,000 people. The government is implementing this project to alleviate heavy debt burdens and free the economy from its dependence on tourism and fishing. The project is expected to triple the country’s economy within four years. Funding is largely provided by MBS Global, which is owned by the Qatari royal family.