- Dubai’s crown prince laid out the region’s ambitious “Metaverse Strategy,” as it looks to create 40,000 virtual jobs and add $4 billion to its economy over the next five years.
Dubai's crown prince, Hamdan bin Mohammed bin Rashid Al Maktoum, announced on Monday that the emirate would look to use the metaverse to create 40,000 "virtual jobs" and add $4 billion to its economy over the next five years.
In a tweet, he laid out the region's intent to increase the number of blockchain and metaverse companies by five times in the same timeframe.
The push for the "Dubai Metaverse Strategy" aims to put the region on the virtual map as one of the "top 10 cities globally in terms of virtual economy."
The tweet stated that the metaverse and blockchain sector currently contributes $500 million to Dubai's national economy. It also said it will look to develop metaverse use-cases and applications in Dubai's government.