2 years ago
A maestro program that aims to spot the fig of Dubai’s blockchain and metaverse companies turn from the existent 1,000 to 5,000 successful 5 years, was precocious launched by the kingdom’s Crown Prince Sheikh Hamdan. Known arsenic the Dubai Metaverse Strategy, the program besides seeks to make 40,000 jobs and bring successful $4 cardinal to the Dubai economy.
Metaverse Contribution to Dubai’s Economy
The crown prince of Dubai and president of the Dubai Executive Council, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has launched an ambitious program to pull 5,000 blockchain and metaverse companies to the kingdom by 2027. Named the Dubai Metaverse Strategy, the program envisions achieving the strategy’s objectives wrong the adjacent 5 years.
In his Arabic tweet, Sheikh Hamdan suggested that an summation successful the fig of companies successful the assemblage volition spot their full publication to the Dubai system besides grow. The crown prince explained:
Today we launched the Dubai Metaverse Strategy, the adjacent gyration successful the technological and economical tract that volition impact each aspects of beingness implicit the adjacent 2 decades. We person 1,000 companies successful Dubai presently moving successful this sector, which contributes $500 cardinal to our nationalist economy. We expect it to emergence powerfully during the coming period.
Meanwhile, a report connected Laraontheblock quotes Sheikh Hamdan asserting that a emergence of blockchain and metaverse companies to 5,000 volition “add 40,000 caller jobs successful the virtual satellite and bring successful 4 cardinal USD to Dubai’s system successful the adjacent 5 years.”
Besides adding jobs and helping to turn Dubai’s economy, the strategy volition promote innovation arsenic good arsenic authorities utilization of metaverse technology. By proceeding to motorboat the metaverse strategy good up of different countries, Dubai is aiming to go “one of the apical 10 globally successful this field.”
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