A groundbreaking Metaverse strategy has been launched in Dubai, promising to enhance the national economy by $4 billion.
Dubai's newly introduced Metaverse strategy is aimed at spurring a $4 billion boost to the local economy over the course of five years, which includes plans to multiply the number of companies in the blockchain and Metaverse sectors and create an additional 40,000 jobs in virtual space.
According to Sheikh Hamdan, Dubai's Crown Prince, the emirate is already home to more than 1,000 companies engaged in Web3 technology, contributing a substantial $500 million to the economy of the UAE. The goal is to position Dubai as the leading city in the region and among the top ten globally in advanced Metaverse economies.
This strategic plan is built on five foundational pillars: promoting innovation and economic benefits from the Metaverse; nurturing talent through educational opportunities; creating Metaverse applications for Dubai’s governmental needs; advocating for secure platforms globally; and enhancing infrastructure alongside regulatory developments.
In conjunction with the Dubai Metaverse Strategy, the Museum of the Future is set to be the venue for the Dubai Metaverse Assembly scheduled for September 2022.
“This assembly serves as a global stage for innovators who are shaping the future of the Metaverse. Attendees will witness cutting-edge technology firsthand. We are committed to making our city the quickest to adopt its various applications and harness its vast potential,” remarked Hamdan. revealed additional news.
The UAE has recently launched Dubai has made strides in the Metaverse realm, featuring its first Metaverse hospital, while a local airline is already accepting cryptocurrency for payments, planning for NFT initiatives, and investing heavily to enter the Metaverse. However, it’s not just Dubai; Shanghai has also charted a course to expand its Metaverse industry to a value of $52 billion by 2025. Emirates The regulator overseeing virtual assets in Dubai has established its headquarters within the Metaverse.
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In line with the Trust Project guidelines Agne is a dedicated journalist covering the dynamic trends and developments in the metaverse, AI, and Web3 space for Metaverse Post. Her enthusiasm for storytelling drives her to conduct insightful interviews with industry experts, always on the lookout for fascinating narratives. Holding a Bachelor’s degree in literature, she has a rich background in writing about diverse topics, including travel, art, and culture. Agne has also lent her editing skills to an animal rights organization, working to raise awareness about important welfare issues. You can reach her at
