Dubai AI and Web 3.0 Park launches business licenses with 90% subsidies for related enterprises

ChainCatcher news, Dubai's AI and Web 3.0 park has announced the issuance of AI & Web3 licenses to support distributed ledger technology services, professional artificial intelligence research and consulting, IT infrastructure builders, technology R&D, and public network services.

It is reported that the license provides a 90% subsidy for businesses wishing to operate in Dubai, and the license will be issued by the Dubai International Financial Centre (DIFC). According to the head of DIFC, the launch of the license aims to solidify Dubai's position as the preferred business destination for tech companies and attract more world-class talent and diverse investors.