Dubai attracts AI and Web3 companies with 90% subsidized business licenses

In addition to attracting talent, Dubai has also granted operational licenses to crypto exchanges over the past few months.

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The city of Dubai in the United Arab Emirates has started offering commercial licenses to artificial intelligence (AI) and Web3 companies with a 90% subsidy, as it strives to create the largest group of new era technology companies in the Middle East and North Africa (MENA) Region.

The Dubai AI and Web 3.0 Campus, a budding tech hub, has announced its decision to subsidize licensing for companies wishing to locate in the city. The licenses will be issued by the Dubai International Financial Center (DIFC) as the city eyes an influx of global talent and diverse investors.

DIFC the new Innovation One building has physical offices and coworking spaces for registered AI and Web3 companies. Source: dubaiaicampus.com

DIFC Innovation Hub CEO Mohammad Alblooshi shared:

"We believe that by granting these licenses, we will attract more global talent and investment to the region and create a culture of collaboration and innovation."

The campus is equipped with technologies that complement the crowd it hopes to attract, including AI lab facilities and training programs, support materials, and acceleration programs.

Dubai AI and Web3 license application form. Source: innovationhub.difc.ae

Companies wishing to register to grant...