The Dubai Metaverse Strategy, which will start plans to recruit more than 1,000 enterprises in the field of Blockchain and Metaverse, has been unveiled by the Dubai government. The goal of the government is to create more than 40,000 virtual jobs by the year 2030, in accordance with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, and His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.
The statement claims that the strategy’s key focuses would be on digital twins, augmented reality, virtual reality, and extended reality, which merges the actual world with the virtual one (a virtual representation of an object or system).
The plan intends to enhance human cognitive processes by utilising real-time data, machine learning, the Internet of Things, artificial intelligence simulation, and blockchain.
The technical pillars of the Metaverse plan, which focuses on real-world data that is obtained, validated, stored, processed, and managed, will include data, network, cloud, and edge computing. Promoting the complete rollout of 5G networks to allow edge computing and provide on-demand computing system resources is one of the other pillars. Instead of using the cloud, edge computing enables data to be collected, stored, and processed locally using mobile devices and local area networks.
The need of planning the future with new digital strategies to embracing the Metaverse in important areas was emphasised by Omar Bin Sultan Al Olama, Minister of State for AI, Digital Economy, and Remote Work Applications and Deputy CEO of Metaverse Strategy Dubai Future Foundation.
The UAE and Dubai will lead the drive to create creative solutions, positively touch people’s lives, and develop Dubai into one of the brightest centers in the world, opening up new economic opportunities, he added.
The Dubai metaverse strategy aims to build advanced ecosystems by leveraging accelerators and incubators to attract businesses and projects, encourage innovation, and expand economic involvement of the metaverse through R&D partnerships.
Dubai has made great strides in strengthening its position as a global test bed for Metaverse technology, as well as investing in developing capabilities and talent to create the region’s strongest and largest ecosystem for the Metaverse community, according to Sheikh Hamdan, the Crown Prince of Dubai. In order to harness future technology to create new business models in crucial industries and increase the influence of the Metaverse on regional and global economies, Dubai must first embrace new technologies.
