Dubai’s Crown Prince launches Metaverse strategy – Fivefold blockchain and Metaverse companies envisioned – Metaverse Bitcoin News
A master plan aimed at seeing the number of Dubai blockchain and metaverse companies grow from the current 1,000 to 5,000 in five years, was recently launched by the Kingdom’s Crown Prince Sheikh Hamdan. The plan, known as the Dubai Metaverse Strategy, also seeks to create 40,000 jobs and bring in $ 4 billion to the Dubai economy.
Metaverse contribution to Dubai’s economy
The Crown Prince of Dubai and head of the Dubai Executive Council, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has launched an ambitious plan to attract 5,000 blockchain and metaverse companies to the kingdom by 2027. The plan has been named Dubai Metaverse Strategy and envisages achieve the goals of the strategy within the next five years.
In his Arabic chirping, Sheikh Hamdan suggested that an increase in the number of companies in the sector will see their total contribution to the Dubai economy also grow. The Crown Prince explained:
Today we launched the Dubai Metaverse Strategy, the next revolution in the technological and economic field that will affect all aspects of life over the next two decades. We have 1,000 companies in Dubai working in this sector, contributing $ 500 million to our national economy. We expect it to rise sharply in the coming period.
Meanwhile, a report by Laraontheblock quotes Sheikh Hamdan as saying that an increase in blockchain and metaverse companies to 5,000 will “add 40,000 new jobs to the virtual world and bring in $ 4 billion to Dubai’s economy over the next 5 years.” the years.”
In addition to adding jobs and helping to grow Dubai’s economy, the strategy will encourage innovation as well as government use of metavers’ technology. By continuing to launch the metaverse strategy well ahead of other countries, Dubai aims to become “one of the top 10 globally in this field.”
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