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.
UAE AI
This picture taken on June 16, 2022 shows a view of the book retrieval robot system at the newly-opened Mohammed Bin Rashid library (MBRL) in Dubai. The design incorporates technology and artificial intelligence to make the library as accessible as possible, including robots to help visitors and an electronic book retrieval system. - GIUSEPPE CACACE/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

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. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 for annual access.

Videos

See more