Dubai is taking the next step in its Metaverse Strategy, after Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approved a new phase that focuses on enhancing the digital economy.
Sheikh Hamdan, who is also Chairman of The Executive Council of Dubai and Chairman of Dubai’s Higher Committee of Future Technology Development and Digital Economy, has green lit a new strategy that will see the emirate implement measures to empower the use of the metaverse and future technologies.
The Crown Prince noted that the new phase will position Dubai among the world’s top digital economies and a leading platform for innovations that can shape the future.
In line with the updated strategy, Sheikh Hamdan set 100-day plan for government entities to coordinate their contributions in the development of the digital economy.
“Through this Committee, we seek to develop a new model for the development of technology and futuristic sciences with a special focus on digital technologies and the metaverse as part of our broader strategy to promote digital growth and innovation and achieve the goals of the Dubai Metaverse Strategy,” he said.
The committee also approved four key strategies aimed at using metaverse technologies to provide government services and a comprehensive study aimed at identifying the social benefits of introducing metaverse services that will be submitted to The Executive Council for approval.
The initiatives also seek to build the skills of talented Emiratis and create a large metaverse community in Dubai that includes metaverse companies, startups, investors and users. It also includes strategic projects featuring partnerships with private sector players and events aimed at making Dubai a hub for regional and global metaverse-related events.
In July, Sheikh Hamdan launched the Dubai Metaverse Strategy, which is aimed at transforming the emirate into one the world’s top 10 metaverse economies as well as a global hub for the metaverse community.
The Strategy aims to build on Dubai’s achievement of attracting more than 1,000 companies in the fields of blockchain and metaverse. It also promotes Dubai’s ambitions to support more than 40,000 virtual jobs by 2030.