Dubai has launched its “Dubai Metaverse Strategy,” which aims to become one of the top 10 Metaverses in the world, boosting Dubai’s ambition to support more than 40,000 digital jobs by 2030.
on monday Emirates news agencyreportthe opening of Dubai Metaverse Strategy by vice president Prime Minister of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum
Al Maktoum hopes to transform Emirates into a global technology capital. With a strong focus on Artificial Intelligence (AI) and Web3, the Dubai Metaverse strategy aligns with the objectives of the United Arab Emirates’ AI strategy. To enhance the country’s status as one of the world’s leading countries in the sector of the future by investing in new technologies.
The Dubai Metaverse strategy will include research and development (R&D) collaboration to increase the economic support of the metaverse, the use of accelerators and incubators to attract international companies and projects, and support for the study of the metaverse. Aimed at Developers content creator and digital platform users in the metaverse community.
New government jobs in tourism, education, retail, remote work, healthcare, and the legal sector will be created within the framework of the strategy. It is said that at its core are augmented reality (AR), virtual reality (VR), mixed reality and digital twins – which are digital representations of objects or systems.
This strategy also promotes full deployment of 5G networks. To enable edge computing, it can collect, store, and process data locally. through smart devices and local networks instead of the cloud.
According to the release, VR and AR have created over 6,700 jobs and contributed more than $500 million to the UAE economy. The value of venture capital and private equity financing in the metaverse globally reaches $13 billion in 2021, while real estate sales in metaverse surpassed $500 million last year.
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