TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
UAE announces incentives to attract 300 digital companies
The incentives include a streamlined visa process, faster access to the financial and banking system and attractive commercial and residential leasing, Trade Minister Thani Al Zeyoudi told a news conference in Dubai.
Change Size
This picture taken on February 7, 2022 shows a view of Dubai's Museum of the Future which opens for public on February 22. (AFP/Karim Sahib)
A
United Arab Emirates minister announced on Wednesday incentives aiming to attract 300 digital companies to set up offices in the oil-rich Gulf nation within six to 12 months.
The incentives include a streamlined visa process, faster access to the financial and banking system and attractive commercial and residential leasing, Trade Minister Thani Al Zeyoudi told a news conference in Dubai.
Regional competition to attract foreign companies and investments has intensified as Saudi Arabia enacts measures to remould itself as a financial and tourism hub under the leadership of de facto ruler Crown Prince Mohammed bin Salman, challenging the dominance of Dubai.
"We're moving from a regional hub to a global hub," Al Zeyoudi said. "We're competing with the big, big boys now; the competition in the last years was with the region, now we're moving to become a global hub."
