Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed, has announced the launch of the “Dubai Metaverse Strategy,” an ambitious project aimed at positioning Dubai as one of the top ten metaverse economies in the world and the first in the region.
According to the government’s vision, the metaverse sector will support up to 40,000 additional virtual jobs and generate up to $4 billion for the city’s GDP by 2030. These jobs will primarily be in the metaverse’s pillars, such as extended, augmented (AR), and virtual reality (VR).
The plan is also in line with His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision of transforming Dubai into an international capital of advanced technologies, mainly artificial intelligence (AI) and Web3.
It will build on Dubai’s success in attracting over 1,000 companies in the sector, each of which contributes $500 million to the national economy.
“The metaverse is a promising digital world. We aim to harness this technology to enhance the quality of life in the UAE and across the globe,” Hamdan bin Mohammed said.
The metaverse strategy is part of Dubai’s plan to create global standards for building safe and secure platforms and technology infrastructure for users, as well as regulations to speed up the adoption of these technologies.
Following the launch of the strategy, Hamdan bin Mohammed announced the “Dubai Metaverse Assembly,” a global gathering of metaverse experts. The Dubai Future Foundation will host the event, which will take place in September at the Museum of the Future (DFF).
Over 300 regional and international experts will participate in sessions centered on three main themes: educate, inspire, and contribute. The educate track will feature in-depth sessions on the metaverse, the inspire track will feature use cases from various industries, and the contribute sessions will include workshops on metaverse foresight.
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