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Dubai Family Office Commits $8.8 Billion to Maldives Blockchain Free Zone

The joint venture with the Maldives government aims to diversify the economy, tackle debt, and create 16,000 jobs in a new financial hub.

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investments family offices dubai The Maldives Blockchain Hub

Overview

  • MBS Global Investments, managing assets for Qatari royal Sheikh Nayef bin Eid Al Thani, will invest $8.8 billion over five years in the Maldives International Financial Centre.
  • The project, a partnership with the Maldives government, aims to reduce reliance on tourism and fisheries while addressing the nation's mounting external debt.
  • The planned financial free zone will span 830,000 square meters, accommodate 6,500 people, and generate up to 16,000 jobs.
  • Preliminary funding commitments have already surpassed $4 billion, with capital deployment and master planning now underway.
  • The initiative marks a significant pivot for the Maldives, which currently has minimal involvement in blockchain and digital assets.