The Dubai government will build a 17-story cryptocurrency tower, expected to be operational by 2027

ChainCatcher news, according to Emirates247, the Dubai Multi Commodities Centre (DMCC) and REIT Development announced the construction of a 17-story "Crypto Tower" to support DMCC's rapidly growing community of blockchain, DeFi, and Web3 companies.

The Crypto Tower will offer 150,000 square feet of leasable space, including nine floors of office space as well as dedicated floors for blockchain incubators, venture capital and investment firms, and artificial intelligence innovation. The Crypto Tower is expected to be completed in the first quarter of 2027, after which it will begin full operations.