Ministry of Economy announces metaverse HQ at Dubai Metaverse Assembly

Ministry of Economy announces metaverse HQ at Dubai Metaverse Assembly

DUBAI, 28th September, 2022 (WAM) -- Abdulla bin Touq Al Marri, UAE Minister of Economy, launched the Ministry’s headquarters in the metaverse today at the Dubai Metaverse Assembly, organised by Dubai Future Foundation (DFF).

Addressing more than 500 delegates and 40 global companies including Accenture, Emirates, PwC, Microsoft, Meta, and Binance, Bin Touq said that the Ministry of Economy’s third office would offer an immersive experience for governments, global corporations and the public to connect and collaborate. It will also be equipped with advanced technology for the Ministry to sign bilateral agreements with other nations in the metaverse, bolstering the UAE’s ability to become a global hub for next-generation technologies.

During a panel discussion at the Dubai Metaverse Assembly, Bin Touq described the metaverse as an economic equaliser, transforming key industries from logistics to real estate. And with advanced physical and digital infrastructure, the UAE can build on its position as a gateway for global trade to become a digital export centre and a leading metaverse economy.

"The UAE has continued to support and empower emerging economic industries built around knowledge, innovation and artificial intelligence," Bin Touq said. "Digital technology is vital to our new economic model for the next 50 years and