Dubai lures AI, Web3 enterprises with 90% sponsored industrial licenses

Town of Dubai within the United Arab Emirates has began providing industrial licenses to synthetic intelligence (AI) and Web3 companies at a 90% subsidy as it really works to create the biggest cluster of new-age tech firms within the Center East and North Africa (MENA) area.

The Dubai AI and Internet 3.0 Campus — an aspiring tech hub — introduced the choice to subsidize the licenses for firms prepared to arrange a base within the metropolis. The licenses might be issued by Dubai Worldwide Monetary Centre (DIFC) as town eyes an inflow of worldwide expertise and diversified traders.

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