Metaverse News

Dubai With Metaverse Strategy Creates 40,000 New Jobs

Dubai, one of the seven emirates of the United Arab Emirates, launched a Metaverse Strategy to advance its ambition to create 40,000 virtual jobs by 2030.
Dubai With Metaverse Strategy Creates 40,000 New Jobs 3

On Monday, the Emirates News Agency reported o the launch of the Dubai Metaverse Strategy by Vice President, Prime Minister, and Ruler of Dubai H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

One of the leading crypto hubs in the Middle East launched the Metaverse Strategy to realize its ambition to become a global metaverse economy and create 40,000 more virtual jobs by 2030.

After reviewing key technology trends, the government has announced the creation of a task force dedicated to tracking and leveraging the potential of the metaverse.

The directive to establish the task force was given by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, and H.H. Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum present at a Council meeting.

Al Maktoum hopes to transform the emirate into a global tech capital, with a major focus on artificial intelligence (AI) and Web3.

“Dubai Metaverse Strategy” is a five-year plan that aims to increase the metaverse contribution to Dubai’s annual GDP by 1% and metaverse economic growth to $4 billion by 2030. More importantly, Dubai aims to become one of the ten largest aggregate economies in the world.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum

According to the statement, VR and AR have created 6,700 jobs and contributed $500 million to the UAE’s economy. Globally, the value of venture capital and metaverse funding has reached $13 billion by 2021, while virtual real estate sales in the metaverse have surpassed $500 million.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

23 mins ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

23 mins ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

3 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

5 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

8 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

9 hours ago

This website uses cookies.