Dubai aims to increase the metaverse's contribution to the economy to $4 billion


Dubai unveiled a metaverse strategy with the goal of increasing the sector's contribution to the local economy to $4 billion.


Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced the new initiative on Twitter, explaining that it aims to double the number of metaverse-related companies in the emirate over the next five years. According to the crown prince, the strategy will result in the creation of approximately 40,000 jobs. The Dubai Metaverse Strategy is built on five pillars: government adoption of metaverse technologies, talent development, and an emphasis on innovation.

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