A 100-day strategy for the metaverse has been launched by Dubai's Crown Prince.
In Brief
Sheikh Hamdan is actively pushing forward with the development of Dubai's metaverse initiatives.
The city has rolled out a comprehensive metaverse strategy over the next 100 days, targeting both governmental bodies and private sector enterprises.
Dubai, recognized as the UAE’s largest city by population, is setting its sights on becoming a front-runner in metaverse investments and economic growth.
With an increasing number of tech entrepreneurs gravitating toward Dubai, the local government is refining its approach to the metaverse and expanding its digital economic frameworks. Recently, Sheikh Hamdan, who chairs the Dubai Higher Committee for Technological Development and the Digital Economy, approved advancements within this metaverse initiative.
On November 24, a new metaverse strategy, specifically targeting government agencies, was introduced by Sheikh Hamdan. This strategy outlines frameworks to foster digital tech integration and metaverse utilization, along with plans to inform residents about the metaverse. Notably, there are intentions to create a virtual metaverse community inclusive of investors, tech startups, and end-users.
In conjunction with various institutions, this renewed strategy anticipates opportunities for collaboration with private enterprises and event management firms. These partnerships are set to facilitate international conferences centered on the metaverse, which will help position Dubai as a central hub for metaverse activities.
In July, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum first announced the Dubai Metaverse Strategy, which aims to inject $4 billion into the local economy and generate around 40,000 virtual jobs over the next five years.
Several institutions based in Dubai are already engaging with this forward-thinking strategy. Back in May, Dubai’s Virtual Assets Regulatory Authority opted to establish its headquarters in the virtual realm of The Sandbox. Moving forward, in September, the Ministry of Economy of the UAE unveiled plans for its metaverse headquarters during the Dubai Metaverse Assembly. shared the plans It's important to note that the information available on this page doesn't constitute legal, tax, investment, financial, or any related type of advice. It’s crucial to invest only what you can afford to lose and to consult a financial advisor if you're unsure. For more detailed information, we recommend reviewing the terms and conditions as well as the support resources provided by the issuer or advertiser. MetaversePost is devoted to delivering precise and impartial reporting; however, market dynamics can shift unexpectedly. announced the development Valeria works as a journalist for Metaverse Post, focusing on fundraising, AI, the metaverse, digital fashion, NFTs, and broader web3 themes.
Disclaimer
In line with the Trust Project guidelines Valeria holds a Master's degree in Public Communications and is also pursuing a second Major in International Business Management. In her spare time, she enjoys photography and fashion styling. She developed her interest in journalism and design at 13 when she launched her first fashion blog.
