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Recommended Watch: Dubai wants to become a global tech hub – and it’s betting on crypto to get it there (youtube.com)
Dubai was one of the first cities to emerge from the pandemic, reopening to tourism by the middle of 2021. The emirate now has set its sights on becoming a global tech hub by attracting entrepreneurs, investors and even crypto influencers to the city. But will its bet on cryptocurrency catapult it to success or leave it in the dust?

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    Francisco Gimeno - BC Analyst Dubai, like Las Vegas, is an artificial construct. What we mean is that without a reason of being the city State could easily be eaten by the desert. It needs to be always on the top of business services, like a global business hub. After the Pandemic, when many Dubai based companies had stopped and not all returned, the authorities are looking for a new concept which bring them back to the race, and for that they bet a lot on crypto and DeFi, trying to lure these tech related companies there. It can be a success, but they will have to work a lot on it as the whole digital economy is a new concept which is in constant change and process. As a business hub they are perfectly located between Asia, Africa and Europe, so they could be the natural place to be. But if they fail they will have to reinvent themselves in other ways or perish.