Sheikh Hamdan approves new phase of Dubai Metaverse Strategy

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of Dubai’s Higher Committee of Future Technology Development and Digital Economy, has approved the new phase of the Dubai Metaverse Strategy.

The strategy aims to enhance the digital economy and implement measures to empower the use of the metaverse and future technologies.

The new phase was approved at the first meeting of the Higher Committee of Future Technology Development and Digital Economy.

Sheikh Hamdan said that driven by the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the emirate is set to become one the world’s top digital economies and a leading platform for innovations that can shape the future.

He further said, “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 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.

I chaired the first meeting of the Higher Committee of Future Technology Development and Digital Economy. @HHShkMohd’s vision has established Dubai as a global capital for the digital economy. As we prepare for the metaverse world, a new digital future is being shaped by the UAE pic.twitter.com/PjOI2cuaEk

— Hamdan bin Mohammed (@HamdanMohammed) November 24, 2022

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.

The initiatives also include strategic projects featuring partnerships with private sector players and events aimed at making Dubai a hub for regional and global metaverse-related events.

Last July, Sheikh Hamdan launched the Dubai Metaverse Strategy that aims to turn 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. This is set to further boost Dubai’s economy and support the UAE government’s vision of increasing the number of blockchain companies by five times the present number.

Read: Dubai’s new metaverse strategy to create 40,000 virtual jobs

The committee also discussed plans to implement the Dubai Metaverse Strategy and the 100-day plan to coordinate the work of government entities and facilitate their contributions to the development of the digital economy.