Licenses include 57 dedicated categories for gaming companies and freelancers, as well as additional categories in the creative and digital sectors.
Twofour54 and Media Zone Authority (MZA) have launched a range of 57 new license categories that cater to a broad spectrum of gaming and esports companies and freelance creative professionals.
The new licences for game developers and publishers, esports companies, and virtual and augmented reality providers will allow a range of gaming and esports companies to set up their business at twofour54, Abu Dhabi’s media and entertainment hub.
This announcement will make twofour54 the first free zone in the region to offer dedicated esports licensing for the burgeoning industry. In addition to the dedicated gaming licenses for businesses and freelancers, MZA also announced 22 new categories for creative freelancers, including artists, musicians, videographers and writers, and 13 new digital categories for business.
Commenting on the new licenses, Michael Garin, CEO of twofour54, said: “The gaming industry has seen consistent growth over the past few years, and the pandemic has accelerated this trend to the extent that global revenues are expected to surpass $200bn by 2023. Twofour54 believes gaming and esports is the future for the media and entertainment industry and will continue to be the champion for building the gaming ecosystem in Abu Dhabi. We look forward to welcoming more gaming companies to our impressive roster of innovative SMEs and multinationals through the new range of business licenses.”
Saarah Badr, Director of Legal and Regulatory Affairs at Media Zone Authority added: “The new license categories have been created to follow the growth in the creative, gaming and digital industries. Over the past few months, we have seen a significant rise in the freelancer community at twofour54, with over 340 freelancers joining our talented network since January this year. Following extensive research and communication with the wider twofour54 community, we are pleased to announce these new categories that will provide continued support to these expanding sectors.”