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UAE Metaverse News

The UAE Ministry of Finance participated in GITEX Technology Week 2023 to showcase its digital transformation and artificial intelligence leadership.



The ministry demonstrated metaverse solutions for government entities to facilitate client journeys toward a more inclusive future. It also showcased its digital systems, projects, and smart and innovative initiatives in the financial field.



In this regard, the Deputy Ruler of Dubai and Minister of Finance, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, emphasized that the ministry is committed to developing advanced financial solutions that promote growth in various sectors within a secure environment. This will enhance the UAE&#8217;s status as a top-tier economic and financial destination.



He said: &#8220;The Ministry adopts a proactive approach to provide advanced financial solutions that support various sectors, especially the digital economy and advanced financial technologies.&#8221;



During the GITEX event, the ministry exhibited a variety of systems, projects, and digital services. They also showcased several artificial intelligence initiatives, including ChatGPT – Ministry of Finance, a generative AI platform.



In addition to that, they also highlighted the digital procurement platform, the Ministry of Finance Metaverse, the federal asset tracking system, the suggestion platform, the violation reporting service, supplier registration in the federal supplier registry, and public revenue collection and public funds services.



The Ministry of Finance&#8217;s Federal Asset Tracking System, which uses metaverse technology, was also reviewed during the event. The system was launched to ensure accurate enumeration and recording of all federal government assets in financial statements. Its goal is to provide a comprehensive overview of all federal government assets, both movable and immovable, displaying their size and value on the ground. This system has been implemented in 24 federal government entities, including the Ministry of Finance. It is integrated with federal systems such as the federal procurement system and the federal financial system, and it automates the asset management process from registration and transfer to inventory and more.



Another AI initiative highlighted during the event was Chat GPT – Ministry of Finance, a generative AI platform showcased through a prototype chatbot. This platform allows government stakeholders to explore virtual applications of physical spaces, interact with realistic simulations, and collaborate with others in a virtual environment. They can use features such as meetings, training simulations, and tours of government facilities. The platform aims to revolutionize customer service and empower the ministry to provide practical client support.

UAE’s Ministry of Finance’s Participation in GITEX

Metaverse

UAE Ministry of Finance Showcases Metaverse, AI Tools for Citizens

The Sharjah Archaeology Authority recently unveiled a unique project named &#8216;Sharjah Archaeology in the Metaverse&#8217; during GITEX Global 2023.



This project is a first-of-its-kind initiative among cultural heritage institutions in the region. The Authority aims to promote cultural diversity across global civilizations and in Sharjah by integrating artificial intelligence, augmented reality, and virtual reality in the metaverse.



The project includes two pioneering initiatives, the &#8216;Archaeology Centre&#8217; and the &#8216;Jabal Khatm Al Melaha Archaeological Trail,&#8217; which showcase the latest research and archaeological findings related to tangible and intangible heritage. These initiatives align with the emirate of Sharjah&#8217;s commitment to providing cutting-edge academic and cultural content.



The Archaeology Centre in Sharjah is a repository of valuable archaeological treasures. Visitors can access these artifacts through the metaverse, allowing them to closely examine and manipulate these historical treasures from different angles.



The platform also provides real-time discussions and interactive engagements among visitors and participants in this virtual space. The Khatm Al Melaha Archaeological Trail is a historic mountain trail that boasts over 120 rock inscriptions from the Neolithic Age.



Visitors can take a virtual tour of this trail in the metaverse and explore a range of inscriptions, including depictions of various animals like mountain and Nubian ibexes, wild donkeys, snakes, Arabian tahrs, as well as intriguing footprints and symbols of the sun. To enhance the user experience, the inscriptions are thoughtfully color-coded for convenient identification and interpretation.



The Khatm Al Melaha Archaeological Trail offers a unique and immersive experience beyond observing ancient rock engravings. Users can explore a detailed simulation of the people who created these engravings and the tools they used, providing a glimpse into ancient techniques.



The trail leads to a mountaintop where visitors can witness a lifelike recreation of the former inhabitants&#8217; original houses based on the original structures&#8217; rocky foundations.



These people&#8217;s daily routines and activities are brought to life through stone artifacts unearthed during excavations at the Khatm Al Melaha archaeological site. This captivating journey provides a window into the past and is a must-see for anyone interested in ancient history.

Sharjah Archaeology Authority

Sharjah Archaeology Authority Offers Experience To Explore Artifacts in Metaverse

Yas Island has recently introduced a new virtual platform that enables tourists from around the world to experience the emirate&#8217;s famous landmarks.&nbsp;



By using digital avatars, users can explore various cultural sites and attractions and get a glimpse of Abu Dhabi&#8217;s status as a top tourist destination. This innovative initiative is a result of the collaboration between DCT Abu Dhabi, Aldar, Miral, twofour54, and Ethara.



Super League developed the virtual Yas Island experience and broke through on Roblox, accessible at Yas Island Tycoon &#8211; Roblox. Users can explore various Abu Dhabi landmarks, including SeaWorld Yas Island, Abu Dhabi, Yas Marina Circuit, Etihad Park, Aldar Square, twofour54&#8217;s Yas Creative Hub, and an Experience Abu Dhabi dedicated area featuring Louvre Abu Dhabi, Mamsha Al Saadiyat, Sir Bani Yas Island, Al Ain Oasis and Al Jahili Fort. The virtual site spans 25 square kilometers and offers a fun and interactive environment for users to explore and learn about these locations.



Users can explore and create cultural and entertainment destinations in Abu Dhabi through a mix of interactive experiences, games, immersive environments, and unique events. As players navigate through the virtual world and its attractions, they will encounter exciting adventures like theme park rides, racing on Yas Island, and building virtual homes. Each player&#8217;s journey is personalized with customizable avatars and surprise rewards. The gamified experience will constantly expand with new partnerships and experiences.



In this regard, Strategic Affairs Executive Director at DCT Abu Dhabi Saeed Al Fazari said: &#8220;This immersive adventure in the virtual realm is the latest example of Abu Dhabi&#8217;s commitment to utilizing innovation and creativity to reach ever wider audiences. While we have shared Abu Dhabi with millions of visitors in the real world, today marks the start of a new phase in our journey. Everyone, wherever they are, can experience the emirate from the comfort of their own home.&#8221;



You can visit the Yas Island <a href="https://upyo.com/en/news/tags/uae-metaverse">virtual experience</a> at <a rel="noreferrer noopener" href="https://www.roblox.com/games/12578829978/Yas-Island-Tycoon" target="_blank">Yas Island Tycoon &#8211; Roblox</a>.

Yas Island in Metaverse

Abu Dhabi’s Yas Island Launches Tourism Experience in Metaverse

The UAE Public Prosecution is hosting a summit that will focus on the governance of the metaverse and the challenges and opportunities that come with emerging technology. The summit aims to address virtual world crimes and improve the international legal framework to combat them.



According to WAM news agency, this summit is the first of its kind, bringing together the biggest group of international experts and specialists who are concerned about the governance of the <a href="https://upyo.com/en/news/tags/uae-metaverse">metaverse</a> and its emerging technologies. The summit will cover various topics, such as legal, judicial, and regulatory aspects of metaverse worlds, as well as the applications of artificial intelligence, cybersecurity, fictitious assets, digital currencies, and blockchain technology, including its investigations.



The summit observes the quick changes brought about by the internet and communications for the next generation, along with the potential to use this technology in important sectors to create a better future for societies and enhance their quality of life globally.



The goal of the summit is to strengthen the UAE&#8217;s leadership and competitiveness in the metaverse world and emerging technologies. This includes leading efforts to enhance international cooperation in addressing virtual world crimes across borders, as well as formulating legal frameworks for governance that support the growth and development of the metaverse.



In this regard, UAE Attorney General Hamad Saif Al Shamsi said: &#8220;We are pleased to organize the Global Summit on Metaverse Governance and Emerging Technology, which is one of the initiatives of UAE Public Prosecution with a global scope, aiming at exchanging experiences and successful practices in the field of governance of this sector, and developing legislations and regulations related to data protection, privacy and cybersecurity risks, and the roles and responsibilities associated with the concerned parties from governments, private sector institutions and international organizations.&#8221;



He added that this summit represents a concrete step towards adopting and implementing the government&#8217;s directives. It emphasizes the crucial role of UAE Public Prosecution in maintaining security and protecting rights and freedoms in all areas, including the Metaverse worlds and digital space.

UAE Public Prosecution

UAE Public Prosecution Holds Global Summit for Metaverse Governance

Hamdan bin Mohammed Smart University (HBMSU) has launched new training courses designed to equip individuals interested in Metaverse technology with the skills needed to succeed.



These innovative and interactive courses provide a comprehensive overview of the basics of this disruptive technology while expanding participants&#8217; understanding of its immense potential.



The courses provided cover a wide range of topics related to the metaverse, including its applications in different industries and the various methods used. All this knowledge is covered in four courses, with the first being free. By completing all of the courses, participants will thoroughly understand metaverse community governance, the metaverse economy, and avatars.



In this regard, HBMSU Chancellor Mansoor Alawar said <a href="https://upyo.com/en/news/tags/uae-metaverse">the metaverse</a> is an important aspect of the digital world that generates new ideas and concepts for innovation incubators and business accelerators, pointing out that academic, scientific, and research organizations are actively pursuing the full potential of this cutting-edge technology to enhance their methods and solutions and stay up-to-date with the changes.



&#8220;At HBMSU, we place a high value on utilizing this technology for the development of learners&#8217; skills as well as to increase their opportunities and competitiveness across a range of industries, including marketing and the Metaverse economy more broadly,&#8221; Alawar added.



According to him, the metaverse is paving the way for a brighter future by enhancing opportunities in different industries, elevating the educational system&#8217;s standards, and providing better learning experiences. It also makes top-notch education and training more accessible to all societal groups.



It is worth mentioning that HBMSU, the leading academic institution in the region, has launched its metaverse-based campus. It provides a wide range of courses to help learners become familiar with the fundamentals of the metaverse.

Hamdan Bin Mohammed Smart University

UAE University Offers Metaverse Training Courses

Emirates Telecommunications Group Company, known as e&amp;, launched &#8220;e&amp; universe&#8221;, the first metaverse in the region to offer immersive experiences for its audience.



e&amp; universe will take its visitors to exclusive zones with unique avatars with the aim of updating them with the latest technologies and positioning itself as the best destination for entertainment and live virtual events in the region. The metaverse platform had been conceptualized in cooperation with HTC at GITEX last year in line with the <a href="https://upyo.com/en/news/tags/uae-metaverse" target="_blank" rel="noreferrer noopener">UAE&#8217;s Metaverse</a> strategy, according to Zawya.



In the e&amp; universe Virtual Home, users can create and personalize their virtual spaces and decorate them with digital collectibles (NFTs) in addition to inviting their friends there. While in the e&amp; universe Arena &amp; Stadium, sports events, concerts, and conferences will be held.



In this regard, General Manager of VIVERSE Joseph Lin said: &#8220;e&amp; universe, powered by HTC’s VIVERSE technology, is revolutionising immersive social experiences, taking them to unprecedented heights. These remarkable new features we’ve developed for e&amp; underscore its unwavering commitment to pioneering innovative ways for people to relish content and forge meaningful connections with one another.



The metaverse is expected to contribute $15 billion to the economies of the Gulf countries by 2030 given that their governments are tapping into the virtual space, according to a study by Strategy&amp;, a management consulting company.



Saudi Arabia topped the GCC countries in terms of metaverse contributions, as it is predicted to account for $7.6 billion by 2030 (more than half of the figure. While the UAE came second with an expected share of $3.3 billion. The predicted figures reflect the two countries’ tremendous efforts to deploy the usage of the metaverse in their respective national program, the report noted.

e& Universe

Emirates Telecommunications Launches Its Metaverse Platform for Audience

Majid Al Futtaim Group, an Emirati holding company, announced its intention to establish the first mall in the metaverse in Dubai.



Announced during the World Government Summit in Dubai, the Mall of Metaverse will showcase Majid Al Futtaim on Decentraland, a prominent metaverse platform, <a href="https://gulfnews.com/business/retail/mall-of-the-metaverse-dubai-launches-first-virtual-shopping-mall-1.1676391694090" target="_blank" rel="noreferrer noopener">according to Gulf News</a>.



The metaverse-based mall project is now tested multiple times for releasing it publicly soon to enjoy an immersive experience in the virtual world in the areas of entertainment, retail, and leisure, given that brands and features would be available at the mall.



Following creating their avatars, visitors to the mall will find Carrefour, Samsung Store, VOX Cinemas, THAT Concept Store, and Ghawali.



Commenting on the announcement, CEO of Majid Al Futtaim Asset Management Khalifa Bin Braik said: &#8220;For us at Majid Al Futtaim, it is key to keep an eye on user and shopper behaviors and how they evolve over time. We want to find new ways of creating memorable moments every day &#8211; and we’re ready to deliver that even on a network of platforms as huge as the metaverse.&#8221;



Braik noted that the Mall of Metaverse would be a massive destination for those who are fond of digital experiences and their related technologies.



Meanwhile, Director of Omnichannels and Digital at Majid Al Futtaim Shopping Malls Fatima Zada pointed out that the growing demand for digital experiences over the past years pushed her company to leverage state-of-art technologies and launch such a project which is considered a step ahead of online shopping, adding Majid Al Futtaim pays attention to customers’ shifting needs, desires, and expectations.



The Dubai government, in July, launched the Dubai Metaverse Strategy, which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs.

Mall of Metaverse

Majid Al Futtaim Announces 1st Mall in Metaverse in Dubai

The UAE Ministry of Health and Prevention (MoHAP) has launched a service in the metaverse to develop the medical teams&#8217; performance.



The launch of the virtual service came within the ministry&#8217;s announcement during a press conference held at Arab Health 2023, which is taking place at the Dubai World Trade Center, Zawya reported.



MoHAP&#8217;s 3D Digital Metaverse Assessment Service aims to gather the real, virtual, and digital worlds to improve the performance of government and private medical facilities. It is also dedicated to remotely evaluating medical teams, including doctors and allied health professionals, in addition to simplifying procedures using AI technologies.



Speaking during the conference, Assistant Undersecretary for the Health Regulation Sector Amin Hussein Al Amiri said: &#8220;This service will also streamline procedures while maintaining data security through AI. It will be unique and has several key features, including transparency and secure remote assessment where AI will be used to ensure that personal data and medical certificates match during the assessment process.&#8221;



The metaverse-based technology will reportedly analyze facial expressions and monitor eye movements for ensuring safety for the assessment process. During the assessment, users can display necessary documents while ensuring confidentiality and security for all data.



The ministry also offered a new medical thermal imaging technology, which allows doctors to examine patients by detecting diabetic foot inflammation for early diagnosis, monitoring surgical sites for infection risk, and determining psychological state through facial temperature analysis.



Amiri asserted that VR technology would play a highly crucial role in the UAE in the coming 50 years, therefore, it is essential to deploy the metaverse in several health services offered to both medical teams and patients.



In general, the UAE has recently witnessed growth in transforming many medical services into virtual space through initiatives launched by the government and private sector.

UAE Health Ministry

UAE Health Ministry Launches 2 Metaverse-Based Services

The Dubai International Financial Center (DIFC) announced the launch of its metaverse platform to lure technology innovators from all countries around the world, according to The National Newspaper.



In a statement, the Dubai Media Office said the launch of the center falls within the framework of its efforts to make Dubai a global metaverse hub.&nbsp;



The DIFC metaverse platform includes an accelerator program equipped with a physical studio for metaverse technology to bolster the growth of venture building and a creator community. It will also focus on digital identity, policy development and legislation on open data, and company law frameworks in the metaverse.



In this regard, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications Omar bin Sultan Al Olama said the launch of the DIFC metaverse platform is the first of its kind in a series of initiatives set to be launched to make Dubai a pioneering center in recent technologies to achieve the Dubai Metaverse Strategy&#8217;s goals.&nbsp;



Meanwhile, Chief Executive of DIFC Authority Arif Amiri noted: &#8220;The development of the integrated DIFC Metaverse Platform will accelerate the achievements of Dubai’s aspirations in this sector. The initiative is a natural extension of our Innovation Hub proposition.&#8221;



Earlier, Boston Consulting Group (BCG) said the UAE is an adequate ground for unlocking the potential of ten metaverse-based use cases like virtual and augmented shopping, virtual collaboration, telehealth, virtual assets, augmented tourism, live augmented events, digital training, and digital twins.



<a target="_blank" href="https://www.itp.net/emergent-tech/metaverse-adoption-in-the-uae-shows-potential-across-various-use-cases" rel="noreferrer noopener">A recent report by BCG</a>, in collaboration with Meta, titled “Creating a New Reality: The Metaverse in MENAT,” examined the growth potential of these ten use cases in the UAE, highlighting the UAE market’s key role in expanding the uses of the metaverse.

difc

Dubai’s DIFC Launches Metaverse Platform for Technology Innovators

Abu Dhabi Gaming (AD Gaming), an initiative to promote the gaming and e-sports industry in Abu Dhabi, collaborated with AA Meta, a UAE-based metaverse and Web3 development company, to bolster the gaming infrastructure in the Emirati capital.



In a statement, AD Gaming said AA Meta, through this partnership, targets bolstering the metaverse industry in Abu Dhabi and providing job opportunities for UAE residents. According to the deal, AA Meta will offer metaverse and Web3 technologies for the coming generation of gaming.



Through the metaverse and blockchain gaming, users will interact with each other in new spaces along with providing new payment solutions in new in-game economic models to present captivating experiences for all users around the world, <a href="https://www.zawya.com/en/press-release/companies-news/ad-gaming-partners-with-aa-meta-to-develop-abu-dhabis-web3-blockchain-gaming-ecosystem-qbbg8p66" target="_blank" rel="noreferrer noopener">according to Zawya</a>. 



In this regard, Chairman and Managing Director of AA Meta Hussain Al Omaeirah expressed his company&#8217;s readiness for supporting the development of the blockchain gaming community, saying the new partnership with AD Gaming offers a new way to play to earn in the metaverse.



Omaeirah noted: &#8220;This new avenue of interactive media presents an exciting career path for aspiring gaming industry talent and gamers across the world.&#8221;



Meanwhile, Director of Strategic Initiatives and Business Development at AD Gaming James Hartt hailed Abu Dhabi as a comprehensive environment for the gaming industry, adding his company is concentrating on building a community backed by Web3 technologies for gamers and game developers alike.



The metaverse is expected to contribute $15 billion to the economies of the Gulf countries by 2030 given that their governments are tapping into the virtual space, according to a study by Strategy&amp;. The UAE came second following Saudi Arabia with an expected share of $3.3 billion.

AD Gaming and AA Meta

AD Gaming Seeks To Create Web3-Backed Gaming Community

Dubai hosted the first metaverse-based horse racing for the first time ever in the UAE.



The event was co-organized by Dubai Verse Cup (DVCC), the play-to-earn (P2E) metaverse-based horse racing platform, and second-to-none Dubai Racing Club (DRC), <a href="https://www.itp.net/emergent-tech/dubai-hosts-worlds-first-ever-horse-racing-event-in-the-metaverse" target="_blank" rel="noreferrer noopener">according to ITP News</a>. 



It aimed to shift the horse racing sport to another immersive level of entertainment in the virtual world. The horse racing platform gives access to its users to take part in the event using their smartphones and VR and AR devices to experience the excitement of horse racing and Breeding.



The game’s developing company (DVCC) has already launched the beta version of the platform but it targets to create an open platform that welcomes third-party users and developers to boost the metaverse-based experience.



In this regard, CEO of Dubai Verse Cup (DVCC) Vincent Isik said the platform brings horse racing which is popular in the UAE to the virtual world, adding the game could be played in a family-based system as users can create groups as families and compete with other families.



According to him, the collaboration will enable us to further develop our play-to-earn gaming model, where users gain rewards in the form of $DVCC tokens, based on their racing and breeding performance.



Winners earn rewards such as trophies and tokens, which can be exchanged for NFTs like horses, perks, skins, and avatars to make the game a thriving marketplace and competition space at the heart of the Meydan Racecourse.

Dubai Hosts First Horse Racing in Metaverse

Boston Consulting Group (BCG) said the UAE is an adequate ground for unlocking the potential of ten metaverse-based use cases like virtual and augmented shopping, virtual collaboration, telehealth, virtual assets, augmented tourism, live augmented events, digital training, and digital twins.



<a href="https://www.itp.net/emergent-tech/metaverse-adoption-in-the-uae-shows-potential-across-various-use-cases" target="_blank" rel="noreferrer noopener">A recent report by BCG</a>, in collaboration with Meta, titled &#8220;Creating a New Reality: The Metaverse in MENAT,&#8221; examined the growth potential of these ten use cases in the UAE, highlighting the UAE market&#8217;s key role in expanding the uses of the metaverse.



In this regard, Managing Director &amp; Senior Partner at BCG said the UAE is a pioneering country in terms of its readiness for adopting more metaverse activities, pointing out that some gaps still need to be addressed, especially the cost of connectivity.



Meanwhile, Head of Public Policy Programs at Meta in the Middle East North Africa, and Turkey Joelle Awwad said: &#8220;Along with others, we’re building the metaverse to be something that billions can benefit from. We are investing in establishing an ecosystem for the metaverse and supporting programs and research focused on making the metaverse accessible to more people.



Therefore, Meta collaborates with working in the industry, the public sector, academia and civil society, from the beginning, with companies such as BCG to help advance the ecosystem.



For his part, Managing Director &amp; Partner of BCG Vienna Tibor Mérey underlined that the UAS should make use of the opportunities, considerations, required capabilities and policy implications to map its path forward proactively.



In November 2022, Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approved the new stage of the Dubai Metaverse Strategy, which aims to promote its digital economy and implement measures that boost the usage of the metaverse and future technology in the emirate.



In a report, Web3 platform Crypto Oasis said that the UAE has more than 1,450 active Web3 organizations with nearly 7,000 individuals. Also, a report by KPMG noted that around 93% of businesses in the UAE plan to invest in the metaverse in the next five years.



According to BCG, the total global metaverse market is estimated to reach $400 billion by 2025

Dubai

Report: UAE Ample Ground for Metaverse-Based Various Cases

The Emirates Health Services (EHS) announced the launch of a transformative project which aims to deploy metaverse in its services.



Using 3D virtual reality technology, EHS targets offering medical consultation services in the virtual space, like remote health solutions and telemedicine. Through the new technology, residents can access e-services via smart devices.



The services offered to the patients range between psychiatric consultation services, family health promotion, and customer happiness centers, <a href="https://www.zawya.com/en/business/healthcare/uae-ehs-launches-transformative-project-that-deploys-metaverse-technology-in-healthcare-delivery-eeitqvlm" target="_blank" rel="noreferrer noopener">according to Zawya</a>.



In this regard, EHS Director-General Yousif Mohammed Al-Serkal said EHS is the first global healthcare provider to launch metaverse-based services in order to enhance sustainable health development goals by adopting technologies such as AI, blockchain, and LoT.



&#8220;This aims to strengthen governance, clinical review services, and research, promote global ethical standards and best practices, and enhance the sector’s competitiveness to world-class levels. The above aligns with our strategy of future-proofing our services against emerging challenges,&#8221; Serkal added.



Through the new services, patients can communicate with healthcare professionals using their cameras, microphones, and speakers without the need to buy headphones or controllers. Then doctors can assess the patients&#8217; health conditions and provide treatment and other clinical services.



EHS will offer psychiatric consultation services for customers of different ages in addition to services for families.



It is not the first time for healthcare providers in the UAE to announce deploying the metaverse in their services. In December, GOQii, an Indian fitness technology company, announced it would launch its medical services in the metaverse in the UAE, following India and the United Kingdom.



The Emirati government, in July, launched the Dubai Metaverse Strategy, which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs.

EHS of UAE Announces Launching Metaverse-Based Services for Patients

GOQii, an Indian fitness technology company, announced it would launch its medical services in the metaverse in the UAE, following India and the United Kingdom.



GOQii collaborated with Harley International Medical Clinic in Dubai to promote the health metaverse, as diabetics in the UAE will be able to enroll on the GOQii health platform to follow up on their health condition through the diabetes care program on the metaverse.



Through the guidance of experts, users will be directed to a comprehensive digital platform and equipped with modern connected devices, doctors, health coaches, who will guide the patients to adjust their lifestyle and control their HbA1C levels. Users will be able to create their avatars on the metaverse while connected to their GOQii Age.



In this regard, Founder and CEO of GOQii Vishal Gondal said this Web3-based health technology is meant to bring health and fitness to the virtual space for end-consumers to become more healthy and fit.



&#8220;With the advent of 5G and better screens, we believe that the interaction will start transitioning to a more 3D gaming-like experience. We’re launching a 3D user interface where you have a 3D avatar and the various zones that your avatar can experiment with. Think of it like – healthcare meets gaming, where you create your own character or avatar who further interacts with other avatars through the 3D metaverse. We aim to take this vision a step closer to reality,&#8221;<a href="https://www.businesstoday.in/technology/story/health-tech-company-goqii-bets-big-on-preventive-healthcare-launches-health-metaverse-355683-2022-12-08" target="_blank" rel="noreferrer noopener"> Gondal told Business Today</a>.



He added that GOQii chose the UAE as the third market for the company following the UK and India for being active and rapid regarding adopting the metaverse and Web 3.0 technologies.



Recently, a report by Chalhoub Group found that there is a high level of awareness in the UAE about the metaverse, NFTs, and crypto.



Over the past few years, the UAE, especially Dubai, has positioned itself as one of the world’s prominent hubs for metaverse and blockchain technologies.



The Emirati government, in July, launched the Dubai Metaverse Strategy, which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs.

Health Service Based in Metaverse

India’s GOQii Launches Metaverse-Based Health Services in UAE

A recent report showed that there is a high level of awareness across the Gulf countries about NFTs, metaverse, and cryptocurrencies, especially among younger and high-income males.



Chalhoub Group released a new report titled ‘GCC State of the Metaverse and its Potential for Luxury Retail’ in which it surveyed 1,600 consumers from Gulf countries to measure the actual adoption and future behavior towards metaverse, NFTs, and crypto, <a href="https://www.itp.net/emergent-tech/high-metaverse-awareness-in-the-gcc-presents-huge-opportunities-for-retail-sector-report" target="_blank" rel="noreferrer noopener">according to ITP Website</a>.



The report indicated a high level of awareness among residents in the UAE, Saudi Arabia, and Oman about crypto, NFTs, and metaverse, with a percentage of 77%, 49%, and 46%, respectively.



Chalhoup surveyed luxury consumers in the Gulf countries, showing that 89% would like to see products in the metaverse and 71% have already engaged with a branded virtual experience. Regarding the adoption rates, 48% of the surveyed said they have already invested in crypto, while 23% confirmed that they had engaged with NFTs and actively used metaverse platforms.



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Regarding NFTs, 23% of Gulf countries&#8217; luxury shoppers already own NFTs, while 57% are interested in purchasing NFTs. According to the report, 83% said they would consider NFTs if they could be redeemed for a physical product. The report found that the reason for purchasing NFTs is for investment purposes, with virtual art and sport being the most purchased types.



As for the metaverse, the report asserted that the Gulf countries have the right foundations to render their metaverse-based initiatives successful, driven by tech-savvy youth and enabled by a favorable regulatory environment. The high disposable income in the Gulf countries and regional firms&#8217; desire to experience the metaverse are factors that contribute to the metaverse development in the region.



In addition, their governments are prioritizing incorporating the metaverse into national strategies. Despite the optimistic figures, the report detected some concerns from the users. It reported that 34% of the users are afraid of crypto volatility, while 28% have a lack of trust in NFTs, in addition, 42% have a lack of understanding of the metaverse.



In this regard, Head of Corporate Innovation at Chalhoub Group Nick Vinckier said: &#8220;The GCC is known for its young and tech-savvy consumers who are very knowledgeable about the metaverse while being luxury enthusiasts. For us at Chalhoub Group, we recognize that leveraging the power of Web3 enables us to reinvent the entire customer journey, whether it’s building awareness, increasing brand engagement, enhancing conversion, nurturing loyalty, or launching new business models.&#8221;

Report Reveals High Level of Awareness in Gulf Countries about NFTs, Metaverse, Crypto

The metaverse is expected to contribute $15 billion to the economies of the Gulf countries by 2030 given that their governments are tapping into the virtual space, according to a study by Strategy&amp;, a management consulting company.



Saudi Arabia topped the GCC countries in terms of metaverse contributions, as it is predicted to account for $7.6 billion by 2030 (more than half of the figure. While the UAE came second with an expected share of $3.3 billion. The predicted figures reflect the two countries&#8217; tremendous efforts to deploy the usage of the metaverse in their respective national program, the report noted.



Qatar came in third place with $1.6 billion, followed by Kuwait ($1 billion), Oman ($800 million), and Bahrain ($400 million). The report pointed out that the travel and tourism industry in the GCC countries will be the most benefitted sector, with a predicted economic gain worth $3.2 billion each year, <a href="https://www.itp.net/emergent-tech/metaverse-to-add-15-billion-to-gcc-economies-by-2030" target="_blank" rel="noreferrer noopener">according to ITP news</a>.



In this regard, Partner with Strategy&amp; Middle East Dany Karam said: &#8220;The metaverse holds a world of possibilities that extends beyond next-generation gaming and internet-based home buying or shopping. It will change how we work, transact, plan, design, build, shop, recreate, travel, and live. In a regional context, the metaverse’s potential to energize and transform key sectors in the Gulf Cooperation Council (GCC) countries is enormous.&#8221;



The report asserted that in light of the ongoing development of the metaverse, the GCC countries should act and seize the opportunity.



Saudi Arabia&#8217;s Neom on the Red Sea plans to widely use the metaverse to provide information on construction operations. A metaverse for Neom has also been developed to allow people to simultaneously experience the city in both the real and virtual worlds.



Also, the Emirati government, in July, launched the Dubai Metaverse Strategy which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs to be one of the top 10 global metaverse economies.



In an April global survey by Accenture, 71% of respondents said moving to the metaverse will have a positive business impact.

Metaverse To Contribute by $15 Billion to GCC Economies by 2030

A group of schools in the UAE begin to include lessons about metaverse, blockchain, NFTs, and cryptocurrencies for their students to qualify them for the labor market.



These schools also aim to show the potential and advantages of the metaverse to the students, <a href="https://www.thenationalnews.com/uae/education/2022/11/14/uae-pupils-taught-blockchain-crypto-and-tech-skills-to-prepare-them-for-future-job-market/" target="_blank" rel="noreferrer noopener">the National Newspaper reported</a>.



One of these schools is Repton School Al Barsha in Dubai, which allocated an hour in its timetable every week for its pupils to make them discover areas of the metaverse, NFTs, blockchain, and game design.



Principal of Repton Al Barsha Gillian Hammond described the blockchain as the technology of the future, which her school&#8217;s pupils and teachers should be aware of.



Hammond asserted the importance of creating a safe atmosphere for the students while exploring the metaverse to become digital citizens.



She emphasized that the school cooperates with the parents to tackle restrictions, which should be in place for their children while they are online at home, adding the school educates its pupils not to share their names, pictures, or location.



“We want our pupils to understand and learn about blockchain and NFTs. We have had pupils in years four to six involved in game design,&#8221; she further said.



In 2021, the school debuted a digital passport for all pupils in cooperation with a blockchain provider.



Moreover, Repton Al Barsha launched a series of videos to educate the community about the benefits of blockchain, in addition to running an extracurricular activity on NFTs and blockchain this year for interested pupils.



Another school in Dubai, called Citizens School, marked the first school in the Middle East to accept fees in cryptocurrencies like Bitcoin and Ethereum.



Principal Tracy Moxley said the school targets creating a digital mindset for its pupils to enable them to understand the world of digital assets, NFTs, cryptocurrencies, and blockchain through project-based learning and digital literacy classes in Years 5 and 6, adding the complexity of classes increases in the secondary level.



Mark Ryan, a visual arts teacher in the primary years program at Raha International School in Abu Dhabi, pointed out that pupils are encouraged to make NFTs since last year without focusing on selling them online, saying the goal is how to track the work of these young artists on the digital space.



Ryan added that this year, he educates pupils on how to use digital spaces like Sandbox and Decentraland.



Over the past few years, the UAE has positioned itself as one of the world’s prominent hubs for metaverse and blockchain technologies. It works on enabling digital assets companies to launch their operations in the country.



The Emirati government, in July, launched the Dubai Metaverse Strategy which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs to be one of the top 10 global metaverse economies.

Pupils Create Avatars in Metaverse

Blockchain

Crypto

Schools in UAE Educate Pupils on Metaverse, Blockchain, Cryptocurrencies

About 93% of businesses in the United Arab of Emirates (UAE) plan to invest in the metaverse in the next five years, a KPMG UAE tech report said.



The report showed that 90% of UAE businesses intend to use Web 3.0 technology in the coming five years.



According to KPMG, 29% of the businesses in the UAE plan to join metaverse within a year, while 24% eye using Web 3.0 within a year, figures which the report described as encouraging.



The report mentioned that the investments in metaverse and Web 3.0 in the UAE would be in the short and medium terms compared to global counterparts.



It also detailed main catalysts which encourage businesses in the UAE and globally to invest in the metaverse. About half of the businesses in the UAE and globally agreed that they would invest in the metaverse when the technologies are more developed and adopted.



The second primary catalyst for these businesses was the need of customers for metaverse-based products and services, however, the report highlighted that UAE leaders are more responsive to the needs of their customers.



Regarding ways and plans of how to deploy metaverse and Web3 technologies, the majority of the businesses in the UAE (71%) said they plan to outsource these services to, or partner with, technology companies.



Commenting on the report, Partner and Head of Digital and Innovation at KPMG, Lower Gulf Fady Kassatly said: &#8220;Our report highlights that the UAE is on the fast track to growth, with further investments in emerging technologies playing a transformational role in driving businesses ahead in the future.&#8221;



He described the UAE as a torchbearer in enabling digital transformation, as the majority of organizations seek to explore investments in technology to transform their business.



The report noted that the UAE is still maturing regarding data and analytics lower than global, particularly AI &amp; automation, however, about 75% of UAE tech leaders, on average, believe that they have sufficient leadership support and funding to implement their strategy in these two areas.



The report also showed cyber security as a major concern for organizations in their cloud journey.



Over the past few years, the UAE has positioned itself as one of the world’s prominent hubs for metaverse and blockchain technologies. It works on enabling digital assets companies to launch their operations in the country.



The Emirati government, in July, launched the Dubai Metaverse Strategy which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs to be one of the top 10 global metaverse economies.

Over 90 Percent of Businesses in UAE Plan to Invest in Metaverse in Next 5 Years

It sounds that the UAE would shift to the next phase of the development of the metaverse through its collaboration with Singapore&#8217;s Metapolis, the first Metaverse as a Service Platform (MaaS), to bring various businesses and services to the virtual world.



MaaS is an enterprise solution that allows organizations to develop and boost their footprint in a 3D virtual world to support cooperation, cryptocurrency, business processes, investments, and other related use.



Metapolis&#8217;s MaaS plans to launch a comprehensive service that brings all the economic sectors in the UAE and other Gulf Cooperation Council countries to the metaverse to increase their revenues and attract more clients to the virtual world, <a href="https://www.arabianbusiness.com/industries/technology/uae-now-home-to-worlds-first-metaverse-as-a-service-business#:~:text=The%20UAE%20is%20set%20to,sectors%20to%20the%20virtual%20world." target="_blank" rel="noreferrer noopener">Arabian Business Magazine reported</a>.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Co-founder &amp; CCO, <a href="https://twitter.com/sandra_tlibe?ref_src=twsrc%5Etfw">@sandra_tlibe</a> in talks with <a href="https://twitter.com/ArabianBusiness?ref_src=twsrc%5Etfw">@ArabianBusiness</a> about <a href="https://twitter.com/hashtag/Metapolis?src=hash&amp;ref_src=twsrc%5Etfw">#Metapolis</a> &amp; plans for expansion into <a href="https://twitter.com/hashtag/Dubai?src=hash&amp;ref_src=twsrc%5Etfw">#Dubai</a>. &quot;Our market research agrees with the general consensus that the UAE is the main hub for <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#Blockchain</a> &amp; <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw">#Web3</a> for the foreseeable future.&quot;<a href="https://t.co/FODQXTpB7k">https://t.co/FODQXTpB7k</a>&mdash; Metapolis (@themetapolis) <a href="https://twitter.com/themetapolis/status/1587052630253391872?ref_src=twsrc%5Etfw">October 31, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



In this regard, Co-founder and Chief Commercial Officer at Metapolis Sandra Helou said the UAE and Gulf countries are increasingly accommodating the Web 3.0 community, therefore, it is natural for the Singaporean startup to announce the establishment of an international headquarters in Dubai.



&#8220;The networking opportunities [in the region] with government entities, other startups, and even large-scale multinational technology companies are huge. Our market research very much agrees with the general consensus that the UAE is the main hub for blockchain and web3 for the foreseeable future,&#8221; Helou told the magazine.



She noted that her startup has already inked agreements with prominent companies in the region on making them metaverse-ready, pointing out Metapolis plans to launch a set of new products for the UAE-GCC region.



According to her, Metapolis&#8217; role is to facilitate the inclusion of business models and various sectors in the digital world.



Metapolis, which is operating in the US, Europe, and Asia, announced that it would enhance its presence in the GCC region, however, there is no fixed time frame for this plan yet, she added.



Over the past few years, the UAE, especially Dubai, has positioned itself as one of the world’s prominent hubs for metaverse and blockchain technologies.



The Emirati government, in July, launched the Dubai Metaverse Strategy, which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs.

Metapolis

UAE Collaborates with Metapolis to Bring Economic Sectors in Metaverse

A number of key bodies in Abu Dhabi collaborated to take the iconic Yas Island to the metaverse by 2023 as a part of the authorities&#8217; steps to place Abu Dhabi in the virtual world.



The Yas Island Metaverse is an outcome of the collaboration among the Department of Culture and Tourism of Abu Dhabi (DCT Abu Dhabi), Abu Dhabi Motorsport, Aldar, Miral, twofour54, and Flash Entertainment.



This personalized adventure will let users play, socialize, create, transact, and gather in the virtual world in addition to discovering more activities in the users&#8217; digital-first journey like attending special events, golf games, and motorsport racing events in addition to buying digital homes.



Yas Island Metaverse will include customizable avatars and surprise rewards for every visitor. It will be fully operated and available for its visitors after being finalized in the first quarter of 2023.



In this regard, Undersecretary at DCT Abu Dhabi Saood Abdulaziz Al Hosani called on people around the globe to experience this personalized adventure to enjoy its excitement in the virtual world.



&#8220;The innovative, interactive platform is perfect for highlighting the exceptional lifestyle, cultural and entertainment experiences that Abu Dhabi presents to all visitors and will give both virtual residents and travelers the power to curate their own unique Abu Dhabi itinerary,&#8221; Hosani said.



Meanwhile, Chief Executive Officer at Aldar Talal Al Dhiyebi expressed Aldar&#8217;s pride in taking part in this immersive project, noting the metaverse project is the next evolution of Yas Island to place the iconic Island and Abu Dhabi overall on the global metaverse map.



CEO of Miral Mohammed Abdalla Al Zaabi said his company&#8217;s collaboration in this captivating project aims to position Yas Island and Abu Dhabi on the global tourism map by letting the world explore the island&#8217;s wonders and attractions from their home.



CEO of ADMM Saif Al Noaimi noted expected that the Yas Island Metvaverse would attract new audiences to the island to enjoy its extraordinary experiences in the virtual world, looking forward to more engagement with the island&#8217;s fans worldwide.



While in its development phase, the virtual island is being created by eminent metaverse platforms, including The Sandbox and Roblox. It is powered by Super League Gaming, a global leader in video game experiences and entertainment in the metaverse.

Yas Island

Yas Island To Be Introduced in Metaverse in 2023

The Ajman&#8217;s Department of Finance (ADF) in the UAE announced the launch of a unified government payment platform on the metaverse.



The announcement was made by the Ajman Government during its participation in Gitex Global, a gathering of giant tech groups and start-ups at the Dubai World Trade Center.



Through the Ajman Payment Platform (AjmanPay), the first government payment platform on the Metaverse, all fees for the local government agencies&#8217; services in Ajman will be collected in the virtual world.



The move comes within a framework of the ADF&#8217;s strategy to shift to digital transformation in Ajman through providing new payment methods, which are appropriate for the customers and giving distinguished user experience in line with the highest levels of ease, comfort, and safety.



In this regard, ADF Director-General Marwan Ahmed Al Ali said the launch of the department&#8217;s services is an important step on the path of digital transformation by introducing creative technical solutions and payment methods that seek to serve customers and contribute to improving the quality of life in Ajman.



AjmanPay aims to make payments easier and more flexible by helping categories of customers to settle their payments in multiple ways.



Moreover, the department launched a metaverse-based service, called Tawreed, which facilitates the registering and renewal processes for suppliers in Ajman in addition to participating in bids and tracking their activities.



Not only did ADF enter the metaverse, but the Ajman Police also joined the virtual world, marking the first police agency to provide its services to customers on the metaverse.



During its participation in Gitex Global, the Ajman Police General Command announced the &#8216;Request for Sponsorship&#8217; service, through which citizens could communicate with the police remotely.



Several government bodies and agencies in the UAE began to launch a set of services on the metaverse with the aim of reaching citizens easier and providing immersive experiences to them.



Over the past few years, the UAE, especially Dubai, has positioned itself as one of the world’s prominent hubs for metaverse and blockchain technologies.



The Emirati government, in July, launched the Dubai Metaverse Strategy, which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs.

Ajman

Ajman Provides Metaverse-Based Services

The Government of Sharjah launched a ground-breaking platform called &#8220;Virtual Transaction Center &#8211; Metaverse&#8221; at Gitex Global, held at the Dubai World Trade Center.



Under the slogan of Together, Integrating People And Technology, the project, led by the Sharjah Department of Town Planning and Survey (SDTPS), targets to upgrade the SDTPS&#8217; functions and improve the quality of life for its customers.



All eligible users have access to the Virtual Transaction Center- Metaverse, which includes five main sections. The first two sections consist of a detailed explanation of services, backed by audio and videos, including a map of Sharjah.



The third section offers promotive visual assets that explain the major services and systems provided by SDTPS, while the fourth section shows the department&#8217;s news portal.



The fifth and last section processes documents through customer service.



Head of Sharjah Department of Town Planning and Survey (SDTPS) Khalid bin Butti bin Obaid Al Muhairi said the department is keen to develop systems of communication with clients to provide them with smooth services.



Over the past years, the department launched several digital initiatives using avant-garde technologies that have helped in providing timely services to its customers, Muhairi noted.



Earlier this month, the Sharjah Commerce &amp; Tourism Development Authority (SCTDA) collaborated with Multiverse Labs to establish a new metaverse city UAE, named Sharjahverse, as it is considered the first metaverse city backed by the government in the world and the world&#8217;s most realistic metaverse.



Sharjahverse would provide unprecedented access to almost any location in addition to personalized guest experiences and enhanced entertainment. Through the Sharjahverse, the whole emirate will be accessible and viewable to the public.



Over the past few years, the UAE has positioned itself as one of the world’s prominent hubs for metaverse and blockchain technologies. It works on enabling digital assets companies to launch their operations in the country.



The UAE Ministry of Economy plans to launch its new headquarters in the metaverse to offer its services in the virtual world like the real-world headquarters.

Sharjah Government

Sharjah Launches  Virtual Transaction Center- Metaverse at GITEX

ShopDoc, an Indian health tech start-up, based in the United Arab of Emirates (UAE), partnered with Clear, the world&#8217;s first digital optical prescription, based in the US, to launch all-in-one eye care through the metaverse.



ShopDoc, through Clear&#8217;s algorithmic capabilities, will conduct eyeglasses prescription tests in the metaverse amid reports saying that the traditional eye test is expensive and inconvenient and takes much time.



The reports, made by the World Economic Forum, said 50% of people skip their recommended annual eye test, while about 2.5 billion do not have access to it at all.



The metaverse-based digital eye project is set to be launched in the UAE and India in the initial phases, with plans to expand to other countries later, <a href="https://www.arabianbusiness.com/industries/healthcare/uae-to-hit-another-global-first-with-a-metaverse-eye-test-project-by-healthtech-shopdoc" target="_blank" rel="noreferrer noopener">according to Arab Business news</a>.



In this regard, Founder of ShopDoc Shihab Makaniyil said through this partnership, this innovative project will replace the traditional eye tests by using state-of-art optical modeling and frontier mathematics to get an accurate calculation and simulation of customers’ optical prescriptions and 20/20 visual performance.



However, Makaniyil pointed out the eye test project will not be fully in the virtual world, unlike the other metaverse projects.



“Though we will be introducing the digital eye test through the metaverse, it will not be done 100 percent in the metaverse. It will take customers to a normal web environment where they need to use a computer and get their eye tests done, following certain instructions on the screen to complete the process,” he told Arab Business.



He also added that this ground-breaking venture would make the eye tests affordable, accessible, and enjoyable for customers in addition to turning the focus of eye care from reactive to proactive.



ShopDoc, which has over 100 eye clinics in the UAE, plans to launch various such projects. It is worth mentioning that Clear is founded by former NASA optical physicist Brandon Zimmerman.



Last year, the Indian tech start-up collected $1.36 million in seed funding from investors in the UAE.



A metaverse is a network of three-dimensional virtual environments focusing on social interaction. It may be characterized as a digitally simulated world. It utilizes blockchain, augmented reality, and virtual reality (VR), combined with social media principles, to develop venues for extensive user communication that imitate the real world.



The Metaverse is an encompassing word for technologies that aid in creating a whole digital world similar to the real one. This universe can be incredibly comprehensive and encompass a broad range of various planets, sometimes referred to as virtual environments.

ShopDoc

UAE Witnesses Launch of 1st Eye Care Project in Metaverse

The Sharjah Commerce &amp; Tourism Development Authority (SCTDA) collaborated with Multiverse Labs, an operator of an AI-powered multi-metaverse platform, to establish a new metaverse city in the United Arab Emirates (UAE), named &#8220;Sharjahverse.&#8221;



Sharjahverse will be a remarkable milestone that will foster the UAE&#8217;s tourism industry as it was described by Multiverse Labs as “photorealistic, physics-accurate.”



On an area of 2,590 sq km, Sharjahverse will not only include all of Sharjah but also open doors for jobs in the metaverse for the locals at Sharjah&#8217;s iconic gems. It will be a center for innovation, imagination, and trade, a way that boosts the emirate&#8217;s position as a destination of excellence.



In this regard, Chairman of the Sharjah Commerce and Tourism Development Authority (SCTDA) Khalid Jasim Al Midfa said: &#8220;Transforming the mass market tourism industry towards next-generation, sustainable practices requires a new way of thinking. Multiverse&#8217;s groundbreaking and AI-driven approach will help push the limits of imagination and promote Sharjah as a destination of excellence.&#8221;



Midfa pointed out that Sharjahverse would provide unprecedented access to almost any location in addition to personalized guest experiences and enhanced entertainment.



Meanwhile, CEO of Multiverse Labs Cliff Szu noted that Sharjahverse is the first metaverse city backed by the government in the world and the world&#8217;s most realistic metaverse, expressing his excitement for cooperating with SCTDA&#8217;s officials.



It is worth mentioning that through Sharjahverse, the whole emirate will be accessible and viewable to the public.



Over the past few years, the UAE has positioned itself as one of the world’s prominent hubs for metaverse and blockchain technologies. It works on enabling digital assets companies to launch their operations in the country.



The UAE Ministry of Economy plans to launch its new headquarters in the metaverse to offer its services in the virtual world like the real-world headquarters.



The Emirati government, in July, launched the Dubai Metaverse Strategy which aims to contribute $4 billion to the emirate’s economy. The strategy targets increasing the number of blockchain and metaverse companies fivefold within five years as well as offering 40,000 virtual jobs to be one of the top 10 global metaverse economies.

UAE Metaverse News

Latest UAE Metaverse News