By Sam Bridge
Dubai Free Zones Council members discuss plan for feasibility study into proposal as Middle East gaming sector is forecast for rapid growth
Dubai is mulling plans for a feasibility study into the possibility of setting up a free zone dedicated to gaming.
The study was debated at the latest meeting of the Dubai Free Zones Council as the number of gamers globally reaches nearly 2.5 billion.
Analysts also predicted that the GCC gaming market is set for rapid expansion and could be worth $821 million by 2021, while the wider Middle East and Africa games market is expected to hit $6 billion by 2021.
Late last year, Dubai hosted Insomnia Dubai, the region's largest gaming festival and the Girlgamer Esports Festival, the world’s leading esports event for women.
A statement issued after the 14th meeting of the DFZ Council, chaired by Sheikh Ahmed bin Saeed Al Maktoum, did not elaborate on the gaming free zone plan.
The council also reviewed progress on building an electronic portal for free zone entities in Dubai as well as a comprehensive geo-economic map of the emirate.
The council recommended enhancing cooperation between Dubai’s free zones, Dubai Chamber of Commerce and Industry, and the General Directorate of Residency and Foreigners Affairs – Dubai.
During the meeting, the DFZ Council explored the Free Zone Window initiative, scheduled to launch in the third quarter of 2020, that seeks to help investors identify the most suitable free zone according to their requirements through a simple online process.