Dubai lures AI, Web3 enterprises with 90% subsidized commercial licenses By Cointelegraph

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The city of Dubai in the United Arab Emirates has started offering commercial licenses to artificial intelligence (AI) and Web3 businesses at a 90% subsidy as it works to create the largest cluster of new-age tech companies in the Middle East and North Africa (MENA) region.

The Dubai AI and Web 3.0 Campus — an aspiring tech hub — announced the decision to subsidize the licenses for companies willing to set up a base in the city. The licenses will be issued by Dubai International Financial Centre (DIFC) as the city eyes an influx of global talent and diversified investors.

DIFC’s newly-launched Innovation One building has physical offices and co-working spaces for registered AI and Web3 enterprises. Source: dubaiaicampus.com
Dubai’s AI and Web3 license application form. Source: innovationhub.difc.ae