Binance Secures $2 Billion Investment From Abu Dhabi’s MGX, The Largest Ever In Crypto

by THEFUTURE.TEAM

March 13, 2025

In a groundbreaking move, Emirati state-owned investment firm MGX has announced a monumental $2 billion investment into Binance, marking the cryptocurrency exchange’s first institutional investment and the single largest investment ever made in cryptocurrency. This marks a significant milestone in the growing intersection of AI, blockchain, and finance.

The deal will see a minority stake in Binance acquired by MGX, with the payment made in stablecoins. Stablecoins, which are digital assets pegged to a stable value and typically tied to a fiat currency, ensure a constant value and make this investment the largest ever made in cryptocurrency.

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Ahmed Yahia, Managing Director and CEO at MGX, commented, “MGX’s investment in Binance reflects our commitment to advancing blockchain’s transformative potential for digital finance.” He further stated that the partnership with Binance would enable innovation at the convergence of AI, blockchain technology, and finance.

MGX, launched last year by the Abu Dhabi government, has a strong focus on AI technologies. In September, the firm partnered with heavyweights like BlackRock and Microsoft to launch a $30 billion AI fund. However, this marks its first foray into the cryptocurrency and blockchain sectors.

As part of the UAE’s broader strategy to establish itself as a global leader in technology, the country has also been fostering a growing regional crypto hub. Binance, the world’s largest cryptocurrency exchange, has been expanding its presence in the Middle East despite facing regulatory challenges in other parts of the world. The firm now employs approximately 1,000 people of its 5,000 global workforce in the UAE and serves over 260 million registered users, surpassing $100 trillion in cumulative trading volume.

The Future Forbes Realty Global Properties

The Rocks Project Advances Through Licensing Process In Pentakomo

by THEFUTURE.TEAM

June 5, 2026

Overview Of The Ambitious Development

A large tourism development in Pentakomo is moving through the licensing process. Known as The Rocks Project, the proposal includes a hotel, villas, apartments and a beach club along the coast east of Limassol.

Strategic Location And Broader Impact

Located along the coastal corridor between Limassol and Zygi, the project would form part of the wider Governor’s Beach area. The site is situated near several state and energy infrastructure facilities, including the Evangelos Florakis Naval Base in Mari, making it subject to additional planning and regulatory considerations.

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Master Plan And Key Infrastructure

Situated within the administrative boundaries of Pentakomo, the development is planned for the coastal area of Argaki Tou Mavrou. The project is being promoted by DRL5COMOS Properties Ltd and is supported by an environmental impact assessment prepared by P. Nikolaidis & Associates Ltd. The assessment is available for public consultation until July 3, 2026.

According to the master plan, operations are expected to begin in 2029. Plans include a 14,000-square-metre hotel with 126 rooms, a 900-square-metre spa and wellness centre, restaurants and dining facilities, 26 villas, 73 apartments and penthouses, and a 1,050-square-metre beach club with indoor and outdoor leisure areas. Parking facilities for 240 vehicles are also included in the proposal.

Integration With The Existing Landscape

The development plan allocates 12% of the site to public green space and includes an internal road network. Project documents indicate that several existing structures, including the Kalymnos Fish Tavern and current beach facilities, would be demolished as part of the redevelopment.

Regulatory And Institutional Considerations

The licensing process is ongoing and includes consultations with relevant local and government authorities. Comments submitted by the Ministry of Defence have not been made public due to the site’s proximity to the naval base. Those observations are expected to be reviewed by the environmental impact assessment committee during closed sessions.

Conclusion

With its carefully structured vision and strategic positioning, The Rocks Project promises to be a significant catalyst for economic and social growth in eastern Limassol. As it advances through the regulatory process, stakeholders remain focused on ensuring that this landmark development meets the highest standards of design, sustainability, and community integration.

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