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Dubai to introduce ‘innovation fee’ to fund museum plan

Further details on when the fee will be introduced or which government agencies would add the charge were not mentioned

Published: Updated:

Several Dubai government agencies will charge a small “innovation fee” to help the Emirate fund a new museum and other projects, the state news agency WAM reported on Sunday.

According to a new law issued by UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid al-Maktoum, in his capacity as Dubai’s ruler, a number of government agencies will charge a fee of $2.72 for each transaction.

Further details on when the fee will be introduced or which government agencies would add the charge were not mentioned.

The aim of the Museum of the Future is to “boost the state’s innovation environment to keep pace with requirements of the new generation to build smart future cities,” according to WAM.

The museum, slated to cost around $140 million, is due to open in 2017.

“The future belongs to those who can imagine it, design it, and execute it. Here in the UAE we think differently. While others try to predict the future, we create it,” Sheikh Mohammad said when the museum was first announced in March.

Sheikh Mohammad’s son and crown prince, Sheikh Hamdan bin Mohammed, will be the chairman of the museum’s board of trustees, state news agency Wam reported.