Solana Foundation Fuels Web3 Growth in the MENA Region with Partnership in Dubai

The Solana Foundation has joined forces with VARA, Dubai’s regulatory body for virtual assets, to foster blockchain innovation and growth across the Middle East and North Africa (MENA) region. This strategic collaboration aims to establish a dedicated Solana Economic Zone in Dubai, capitalizing on the city’s thriving blockchain ecosystem. Key factors driving this partnership include $30 million of institutional investment from NewGenIVF, which demonstrates confidence in Solana’s future within Dubai.