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UAE announces measures to attract ‘digital companies’

The Emirates wants to attract more high-tech companies, especially those working on artificial intelligence. Some cryptocurrency firms are moving to the Gulf state.

The United Arab Emirates has announced initiatives to attract more digital and technology-focused companies. 

The measures include speeding up licensing; issuing visas to skilled workers in bulk; banking facilitation; and unspecified commercial and residential lease incentives. They are also offering 100,000 “golden visas” to computer coders, the official Emirates News Agency reported

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