According to the Financial Times, the Maldivian government has signed a joint venture agreement with Dubai based MBS Global Investments to build a blockchain and digital asset finance center in Male with a total investment of $8.8 billion. The government hopes to use this project to promote the transformation of the economy from tourism and fisheries. MBS is the family office of Qatari tycoon Sheikh Nayef bin Eid Al Thani, which has currently acquired over 40 to 50 properties