Dubai: Over 40,000 virtual jobs to be created as new metaverse strategy announced

Dubai: Over 40,000 virtual jobs to be created as new metaverse strategy announced

Number of blockchain and metaverse companies to increase five times in five years

Published: Mon 18 Jul 2022, 12:39 PM Last updated: Mon 18 Jul 2022, 10:44 PM

A new strategy announced on Monday aims to make Dubai among the world’s top 10 metaverse economies as well as a global hub for the metaverse community. The Dubai Metaverse Strategy aims to build on the emirate’s achievement of attracting more than 1,000 companies in the fields of blockchain and metaverse.

The metaverse will support 40,000 virtual jobs and add $4 billion to Dubai's economy in five years, according to a tweet by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. It would also support the UAE government’s vision of increasing the number of blockchain companies by five times.

Sheikh Hamdan stressed the importance of consolidating the emirate’s “status as a hub offering the most advanced ecosystem for the metaverse and as a frontrunner in adopting digital solutions globally”.

He said Dubai is making “great strides” in enhancing its position as a global testbed for metaverse technology while “investing judiciously in building capabilities and talent in creating the region’s most robust and largest ecosystem for the metaverse community”.

Dubai aims to use future technologies