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Dubai Launches Strategy to Become a Global Hub for the Metaverse Community



Dubai Metaverse Strategy

Dubai, led by the Chief Executives of the City, has launched its strategy to become a global hub for future technology and innovation. The strategy is built upon the already existing reputation that the country has as a conducive environment for about 1,000 blockchain and metaverse businesses. 

The strategy promotes Dubai’s ambitions to support more than 40,000 virtual jobs by 2030

While other governments are finding new ways to present the threats that blockchain companies pose to their economies, Dubai’s royal highness is proactively seeing opportunities to build the emirate’s economy by being a global hub for blockchain and metaverse businesses

Earlier today, the Dubai Metaverse Strategy was launched in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. 

According to the statement, the strategy aims to build on the Dubai’s achievement of attracting more than 1,000 blockchain and metaverse companies. The soon-to-be-implemented strategy also pushes its ambitions to support more than 40,000 virtual jobs by 2030. This would further boost Dubai’s economy and support the UAE government’s vision of increasing the number of blockchain companies by five times the present number.

Dubai Metaverse Strategy

Dubai is making great strides in enhancing its position as a global testbed for metaverse technology while investing judiciously in building capabilities and talent in creating the region’s most robust and largest ecosystem for the metaverse community.  Prince Sheikh Hamdan said.

He added that adopting new technologies will be a stepping stone in Dubai’s vision to use future technologies to create new work models in vital sectors and increase the metaverse’s impact on regional and global economies.

The country’s Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, Omar bin Sultan Al Olama, emphasized the importance of designing the future with new digital strategies for adopting the metaverse in vital sectors. He added that the metaverse would drive the UAE’s and Dubai’s efforts to provide innovative solutions, positively impact people’s lives, and transform the city into one of the smartest hubs worldwide, offering new economic opportunities.

The strategy’s key pillars focus on extended reality, augmented reality (AR), virtual reality (VR), mixed reality, and digital twins. The strategy aims at leveraging real-time data, using machine learning and IoT, and employing AI simulation and blockchain to enhance the human thinking processes.

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