Financial Times: A family office based in Dubai, managing assets for Qatari royal Sheikh Nayef bin Eid Al Thani, is set to fund an $8.8 billion blockchain and digital asset project in the Maldives, aiming to transform the nation into a blockchain hub.
The $8.8 billion investment exceeds the Maldives’ annual GDP of $7 billion. The plan includes building an 830,000-square-meter International Financial Center designed to serve 6,500 people and create 16,000 jobs—potentially employing around 3% of the country’s entire population.$BTC