Dubai Government Announces $10 Billion 17-Storey Crypto Tower with 9 Floors for Startups, Set for Completion by 2027

Jan 15, 2025, 12:38 PM

The Dubai Government has announced plans to construct a 17-storey Crypto Tower, which is set to be completed by 2027. This initiative is part of a broader effort to support the growing blockchain industry in the region. The Dubai Multi Commodities Center (DMCC) is partnering with REIT Development for this project. The tower will feature nine floors dedicated to crypto startups and established companies, alongside three floors designated for blockchain incubators and investment firms. This development reflects Dubai's commitment to becoming a global hub for cryptocurrency and blockchain technology.