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Sheikh Hamdan announces new phase of Dubai Metaverse Strategy to promote digital growth and innovation
The strategy aims to create a metaverse community and make Dubai a hub for regional and global metaverse-related events
To strengthen the digital economy and implement steps to facilitate the use of the metaverse and future technologies, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Chairman of Dubai Executive Council, and Chairman of Dubai’s Higher Committee of Future Technology Development and Digital Economy, has announced the next phase of the Dubai Metaverse Strategy.
According to the Dubai Government Media Office, the next phase of the plan was approved at the inaugural meeting of the Higher Committee of Future Technology Development and Digital Economy on Thursday.
The government intends to use the committee to create a new paradigm for advancing technology and future sciences, emphasizing digital technologies. Sheikh Hamdan stated that Dubai intends to retain the metaverse as part of its larger plan to foster digital growth and innovation and accomplish the Dubai Metaverse Strategy goals.
He approved strategies aimed at using metaverse technologies to provide government services. The initiative seeks to create a metaverse community in Dubai that includes companies, startups, investors, and users and includes strategic projects and events to make Dubai a hub for regional and global metaverse-related events.
Sheikh Hamdan stated that Dubai was on track to become one of the world’s top digital economies and a premier platform for future-shaping technologies.
Dubai and the other emirates have taken significant measures to incorporate the metaverse into the UAE’s economy and society. The Dubai Metaverse Strategy, released in July, intends to generate 40,000 virtual employment and add $4 billion to the emirate’s economy in the next five years.