Dubai plans to create 40,000 metaverse jobs
Over the next five years
Dubai has unveiled a new strategy with the goal of becoming one of the world’s top 10 metaverse economies.
The "Dubai Metaverse Strategy," launched on Monday, aims to attract more than 1,000 blockchain and metaverse companies to the city, as well as support more than 40,000 virtual jobs by 2030.
"This would 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," the announcement shared.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of Dubai and chairman of the Dubai Executive Council, unveiled the metaverse strategy. Al Maktoum believes the strategy will help transform Dubai into a global tech capital, primarily focusing on artificial intelligence (AI) and Web3.
The Dubai Metaverse Strategy will enhance the metaverse’s economic contributions through research and development (R&D) collaborations, utilizing accelerators and incubators to attract companies and projects to the city, and providing support in metaverse education aimed at developers, content creators, and users of digital platforms in the metaverse community.
According to the announcement, virtual reality (VR) and augmented reality (AR), two key enablers of the metaverse, are responsible for 6,700 jobs in the UAE, contributing $500 million to the country’s economy.
Dubai will also host a metaverse assembly at the Museum of the Future from September 28-29. The conference will feature over 300 global experts and 40 organizations that specialize in metaverse technologies and applications.
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