Dubai Metaverse Strategy Phase 2 Launched

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, on Monday, announced a plan for the Dubai Metaverse Strategy.

Describing the Metaverse as "the next revolution in the technology and economic fields, which will affect all aspects of life over the next two decades", Sheikh Hamdan said Dubai's goal "is to be among the top 10 cities that will shape this sector globally".

Dubai currently has 1,000 companies working in the sector, with contributions to the national economy touching $500 million so far according to His Highness.

أطلقنا اليوم استراتيجية دبي للميتافيرس، الثورة القادمة في المجال التكنولوجي والاقتصادي ستؤثر في كافة مناحي الحياة خلال العقدين القادمين، لدينا 1000 شركة في دبي تعمل حالياً في هذا القطاع البالغ إسهامه 500 مليون دولار في اقتصادنا الوطني.. وتوقعاتنا أن يرتفع بقوة خلال الفترة القادمة pic.twitter.com/79vU7JXeCE

— Hamdan bin Mohammed (@HamdanMohammed) July 18, 2022

"We expect it to rise strongly during the coming period," Sheikh Hamdan added on Twitter.