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The Maldives has signed a $9 billion deal with Dubai-based MBS Global Investments to develop a blockchain and crypto hub in Malé. This initiative aims to reduce reliance on tourism and fisheries by attracting foreign investment into Web3 technologies.
- The Maldives plans to build an 830,000-square-meter crypto hub in Malé, expected to employ 16,000 people.
- The $9 billion project aims to reduce economic reliance on tourism and fisheries by fostering blockchain innovation.
- Dubai-based MBS Global Investments is the key partner in this initiative, signaling growing Middle Eastern interest in crypto ventures.
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