UAE Ministry of Economy launches headquarters in the metaverse

UAE Ministry of Economy launches headquarters in the metaverse

Virtual office to be equipped with advanced technology to sign bilateral agreements

Published: Wed 28 Sep 2022, 6:03 PM Last updated: Wed 28 Sep 2022, 6:09 PM

The UAE’s Ministry of Economy has joined the league of government and private organisations with real estate in the metaverse.

Minister Abdulla bin Touq Al Marri revealed the Ministry’s headquarters in the metaverse at the Dubai Metaverse Assembly on Wednesday.

The Minister revealed the new headquarters during a panel discussion at the first-of-its-kind Assembly.

The metaverse HQ would be the Ministry of Economy’s third office, offering an immersive experience for governments, global corporations and the public to connect and collaborate, said Al Marri.

“The virtual government office would also be equipped with advanced technology for the Ministry to sign bilateral agreements with other nations in the metaverse. It will bolster the UAE’s ability to become a global hub for next-generation technologies,” the Minister stated.

Al Marri described the metaverse as an economic equaliser, transforming key industries from logistics to real estate.

“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,” said the Minister

The Dubai Metaverse Assembly is the first event