Dubai has begun granting commercial licenses to AI and Web3 businesses at a 90% subsidy. This is part of an effort to build an unparalleled hub of cutting-edge technology enterprises in the MENA region. Emerging tech center Dubai AI and Web 3.0 Campus has decided to subsidize licenses for businesses that want to establish a presence there. Dubai International Financial Centre (DIFC) will be issuing the licenses. This is an effort to attract skilled workers and investors from across the world. Dubai has issued operating licenses to cryptocurrency exchanges, which has helped the city recruit both skilled workers and new businesses.
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