#TechnologyCluster

[ladookhotnikov]

Dubai Builds Global Tech Cluster

The government of Dubai in an effort to attract the best specialists from all over the world has announced that it is ready to subsidize start-ups by 90% with minimal taxation. Preference is given to developments in the field of AI and Web3.

Companies wishing to relocate to the UAE will be based at the AI and Web 3.0 Dubai Campus which is technologically advanced, including neural network generation labs and equipped spaces for experimenting with the metaverse.

Interestingly, in early August, Laser Digital Middle East Nomura cryptocurrency exchanges received permission to operate on the Dubai market. A logical move, given that the developers are predominantly young, and cryptocurrency is quite common in this environment.

In the seventies of the last century, Free Economic Zones were opened in Dubai, where investors came and gave rise to the transformation of the UAE into a developed country. It looks like the Dubai authorities want to repeat this breakthrough, only at a higher technological level.

In the opinion of Lado Okhotnikov the humankind is on the verge of a qualitatively new transition. The one who is the first to be able to implement it will become the leader of the global world for many years to come. It looks like Dubai has joined this race.