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Dubai News Club > Business > Cash-strapped Maldives to build $9bn blockchain hub in bid to lure investors
Business

Cash-strapped Maldives to build $9bn blockchain hub in bid to lure investors

Press Room
Last updated: 2025/05/04
Press Room
Published: May 4, 2025
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

A Dubai-based family office has announced plans to invest $8.8bn to build a “blockchain and digital assets” financial hub in the Maldives, a scheme the cash-strapped Indian Ocean archipelago hopes will help it through a looming debt crunch.

The planned investment led by family office MBS Global Investments over five years would exceed the Maldives’ annual GDP of…

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