H.H Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council announced the launch of the Dubai Metaverse Strategy on July 18, which is set to generate up to $4 billion for the city’s GDP and create 40,000 additional jobs in the augmented and virtual reality sectors by 2030.
The Dubai Metaverse Strategy is part of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum’s plan to transform the emirate into a global capital of emerging technologies, attracting over 1,000 companies in the sector and contributing $500 million to the national economy.
In the words of His Highness: “The metaverse is a promising digital world. We aim to harness this technology to enhance the quality of life in the UAE and across the globe.”
Following the launch of the Dubai Metaverse Strategy, H.H. Sheikh Hamdan bin Mohammed announced the Dubai Metaverse Assembly, hosting more than 300 global experts, policymakers, thought leaders and decision makers from more than 40 organizations to discuss how to best leverage web3 opportunities and humanize metaverse applications to enhance quality of life.
Set to be organized by the DFF, the event will be held on the 28th and 29th of September at the Museum of the Future and Emirates Towers.
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