The UAE did a deal with Egypt to manage a piece of their land. 

This is another type of network state: a traditional state that expands into a global network through land management deals.

In the next crisis, well-run states will have the cash to buy land. And insolvent states that need the cash will sell land.

As the sovereign debt crisis gets underway, expect more of these deals.

"A deal between Egypt and the UAE to develop the coastal city of Ras Al Hekma, under which Cairo will receive $35 billion…comes as the North African country continues to struggle with a foreign exchange crunch.”

As the sovereign debt crisis gets underway, expect more of these deals.

"A deal between Egypt and the UAE to develop the coastal city of Ras Al Hekma, under which Cairo will receive $35 billion…comes as the North African country continues to struggle with a foreign exchange crunch.”
https://www.thenationalnews.com/business/economy/2024/02/27/uaes-35bn-investment-to-develop-ras-al-hikma-provides-lifeline-for-egypts-economy/

I’d not expected traditional states to get in on the game! Hopefully it helps normalise the idea and make it easier to start new network states.