Sheikh Hamdan Approves New Phase of Dubai Metaverse Strategy

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, and Chairman of Dubai’s Higher Committee of Future Technology Development and Digital Economy, has approved the new phase of the Dubai Metaverse Strategy, which will implement measures to empower the use of the metaverse and future technologies.

The new phase of the strategy was approved at the first meeting of the Higher Committee of Future Technology Development and Digital Economy on Thursday, Dubai Government Media Office said.

Sheikh Hamdan approved four key strategies aimed at using metaverse technology 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 aim to build the skills of Emiratis and create a large metaverse community in Dubai that includes metaverse companies, start-ups, investors and users, according to In Business.

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

During the meeting, the committee also discussed plans to implement the Dubai Metaverse Strategy and the 100-day plan to co-ordinate the work of government entities and facilitate their contributions to the development of the digital economy.

Through the committee, the government seeks to develop a new model for the development of technology and futuristic sciences with a special focus on digital technologies. It aims to keep metaverse as part of its broader strategy to promote digital growth and innovation, and achieve the goals of the Dubai Metaverse Strategy, Sheikh Hamdan said.

It is important to note that the Dubai Metaverse Strategy, which was announced in July, aims to increase the contribution of the Metaverse sector to the Emirate’s economy to $4 billion by 2030.

It also intends to ensure that the metaverse increases its contribution to 1 percent of the Emirate’s GDP.