Dubai aims to become one of the capitals of the metaverse and Web3 by creating 40,000 jobs

Dubai continues to show its interest in new technologies and more specifically in the metaverse: the emirate aims to create 40,000 new jobs in this sector and will deploy new infrastructures to develop Web3. According to the statement, this could bring $5 billion to Dubai’s economy.

Dubai, the future world capital of new technologies?

l’emirate dubaiin his delusions of grandeur, plans to Create 40,000 virtual jobs to become one of the top 10 metaverse economies in the world.

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoumthe Crown Prince of Dubai and Chairman of the Dubai Executive Council, unveiled on July 18 the Dubai Metaverse Strategya project that, according to the press release, could bear fruit, $4 billion for Dubai’s economy by 2030.

True to its directive to one of the major global hubs of new technologiesthe city will focus on artificial intelligence (AI) and Web 3.0 in developing project incubators for this purpose and by promoting these 2 poles thanks to the content creators.

According to Omar bin Sultan Al-OlamaMinister of State for Artificial Intelligence and Digital Economy of the UAE, the metaverse will be the key to “ provide innovative solutions, have a positive impact on people’s lives and transform the city into one of the smartest centers in the world, with new economic opportunities “.

According to the press release, Dubai is already home to a thousand companies working in the blockchain and metaverse sectors, contributing $500 million for the local economy.

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A multitude of technologies brought forward

The horizons covered by the Dubai Metaverse strategy will be many and in particular: new models of government work. This will also affect tourism, education, retail, remote work, healthcare and the legal sector.

Emphasis will also be placed on the user securityin particular by developing dedicated infrastructures and by creating secure platforms toaccelerate the adoption of these technologies in the best conditions.

The metaverse here includes extended reality (a mix between the physical and virtual world), augmented reality, virtual reality (VR), digital twins and mixed reality. The press release also mentions themachine learning to transcend the limits of human thought.

The strategy also promotes the deployment of 5G networks to develop edge computing to process data on the local network through smart devices instead of storing it in the cloud.

Recall that last May the Dubai Digital Assets Regulatory Authority made his entry into the metaverse of The Sandbox (AND).

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Source: Press release


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