Dubai Constitutes Special Committee to help solidify its position in the Metaverse
Dubai has created a committee tasked with tracking the latest developments in the Metaverse.
Dubai has constituted a committee to track the latest developments in the digital space and achieve the rulership objective of making the city prominent in the Metaverse.
The Dubai rulers, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the crown prince and the deputy prime minister, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum have expressed their commitment to transforming the city into a powerhouse in the Metaverse.
This decision was reached after they reportedly reviewed the technology trends in the Metaverse with an in-depth analysis of its potential as a commercial hub and a space for social interaction.
Commenting on the Vision behind the creation of the Committee, Sheikh Hamdan said:
"The directives of His Highness Sheikh Mohammed bin Rashid to form a higher committee to supervise Dubai's future technological developments reflect the importance of facing the future with an open mind.
The move will help us fully understand reality and explore unique ideas that will shape a brighter future for Dubai and the UAE, maximising future business opportunities."
It has been confirmed that the task force is currently working on the key pillars and the objectives of the Dubai Metaverse Strategy, with the end goal of increasing the contribution of the metaverse sector to Dubai's economy to US$4 billion by 2030.
Additional information on the task force's blueprint and strategy will be available in due time.