Dubai wants to take off in the metaverse. The Dubai government has now announced that they are currently looking to set global standards for the development of immersive platforms. Infrastructure and regulations to accelerate the development and deployment of Metaverse strategies are also part of these plans.
The Metaverse strategy was launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. His plan: Dubai should become a metaverse hub, which would not only make it one of the world’s top ten cities in analog, but also make it inescapable in the digital world.
This includes, among other things, research and development collaborations that will increase the economic share of the Metaverse. In addition, new incubators are being set up as part of the Metaverse activities to bring foreign projects to Dubai as well. These incubators and Metaverse hubs also include a well-thought-out training strategy in everything related to virtual worlds to enable companies and people to develop new and pioneering projects. After all, in just a few years, new working models, trading strategies and tourism solutions are to be created in the metaverse in Dubai.
But it is even already more than mere strategies. Major metaverse projects, such as the “Museum of the Future,” are already underway in Dubai. This global event in September this year will take place partly in the metaverse and will include more than 300 experts.
Dubai’s strategy is aligned with the UAE’s AI strategy and, along with other projects, is expected to provide a new, centralized positioning in the tech world. Currently, according to reports, the increased activity in virtual reality and augmented reality has already created 6,700 jobs and added $500 million to the UAE economy.