As part of strategies to place the United Arab Emirates (UAE) on the list of the top 10 metaverse economies and a global hub for the metaverse community, the government has launched the ‘Dubai Metaverse Strategy.’
Crown Prince of Dubai and Chairman of Executive Council, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, launched the Dubai Metaverse Strategy on Tuesday.
Speaking during the launching of the initiative, the country’s Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications and Deputy Managing Director of the Dubai Future Foundation, Omar bin Sultan Al Olama said that the implementation of the strategy would herald new economic opportunities to the region.
This, he said is in addition to transforming Dubai into a smart hub while also providing innovative solutions.
On his part, Sheikh Hamdan said that the government intends to support the establishment of over 1,000 FinTech firms in the country.
The strategy seeks to increase the number of blockchain firms by five times, enabling the creation of more than 40,000 remote jobs in the country in the next decade.
This investment will also strengthen the country’s economy, Hamdan said.
To meet this target, he noted that the country has since commenced investing in capacity building and talent promotion, to enable the country to meet up with this target.
The country is also expanding its role as one of the biggest testbeds for metaverse technologies, the crown Prince noted.
Dubai’s Metaverse Strategy Goals
1. Placing the country at the forefront of Metaverse growth
2. Supporting job creation
3. Part of the country’s vision seeks to create new work models in key sectors.
4. Facilitating the adoption of Futuristic technological innovations to build the economy.