Middle east always thrived on the real estate and the oil. As the oil is slowly now going to get over. They are planning to turn the land as their new oil and they want to make sure every rich people and the business are on their soil. They make sure to bring people who want to make the land rich. So they are avoiding future wars by preparing for the change.
So the blockchain and the crypto has been their weapons for building better future. They already adopted the XRP based variety of the tokens inside their land. And now they are also creating a platform which would be making the real estate a part of the tokenized platform.
It's not difficult to understand their tokenized approach. The investors have option to access the real estate places, which are up for sell or renting. And investors can buy them, give them on lease and then earn from it. They can also later sell the same. And it would be open from around the world. So anyone can become investor on their land.
Why this is a good plan? Many reasons, this reduces the need for the immigration for investors. Crypto platforms are secure and have collaterals and they can assure the investment and the return of the investment are protected. So this would form a better platform trust too. And the growth of the nation continues by the real estate as a service platform.
I feel this model slowly would be adopted by the other nations like China, Europe and others and they can reduce variety of the investment conflicts this way. And it would be long term would lot of good things for them. In the grand scheme of things that would build the platform in much better light and make system more accessible.
You can check out the Prypco Mint.