The UAE's Ministry of Economy has officially opened a virtual office in the metaverse.

On Wednesday, during a panel at the Dubai Metaverse Assembly, Minister Abdulla bin Touq Al Marri shared insights about the Ministry's metaverse headquarters. revealed This metaverse headquarters marks the Ministry of Economy's third location, complementing its existing offices in Abu Dhabi and Dubai. It aims to provide an interactive experience for government entities, businesses, and the general public, fostering connection and collaboration. The facility also features an auditorium for hosting virtual conferences and events.

The Minister mentioned that the virtual office would come equipped with state-of-the-art technology to facilitate the signing of bilateral agreements with other government bodies within the metaverse, thereby enhancing the UAE's position as a global center for next-gen technologies.

Thanks to advanced infrastructure, both physical and digital, the UAE is well-positioned to expand its role as a trade gateway and emerge as a leading entity in the metaverse economy.

Visitors will be able to sign legally binding documents at the first metaverse office of the UAE's Ministry of Economy.

Al Marri said.

In July, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, launched the initiative aiming to generate 40,000 jobs in the virtual space and inject $4 billion into Dubai's economy over the next five years, while also targeting to attract 1,000 companies involved in blockchain and metaverse technologies. The Dubai Metaverse Assembly marked the first event of this nature. explained I had the privilege of attending the Dubai Metaverse Assembly at the Museum of the Future. Over 500 global experts gathered in Dubai to shape the future of the metaverse and investigate its practical applications, reaffirming Dubai's status as a global testing ground for innovative technologies.

- Hamdan bin Mohammed (@HamdanMohammed) Dubai Metaverse Strategy A CryptoPunk donation has contributed $100,000 to support Ukraine in its ongoing conflict.

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