Dubai Metaverse Strategy aims to contribute $4 billion to economy in 5 year

Launched by Sheikh Hamdan, the Dubai Metaverse Strategy also aims to support 40,000 virtual jobs and increase.

In a nutshell the key objectives of the Dubai Metaverse strategy today:

– Foster innovation in new technology, with over 1,000 companies operating in the metaverse and blockchain sector contributing to $500 million to the national economy.

– Dubai aims to become one of the top 10 global players in the metaverse economy

– Cultivate metaverse talent through education and training, and to develop metaverse use-cases and applications in the Dubai government

– Leverage on the development of Web3 technology and its applications to support new use-cases and work models in the government and other sectors which are vital to Dubai’s economy, such as tourism, education, healthcare, and retail, among others

– Develop global standards in building safe and secure platforms for users and develop metaverse infrastructure and regulations to accelerate the adoption of these technologies

– Focus on the deployment of immersive reality technologies such as virtual reality, augmented reality, and extended reality.

The Metaverse’s economic opportunities

– In 2021 alone, the value of venture capital and private equity financing in the metaverse reached $13 billion globally, with metaverse real estate sales of over $500 million.

– Analysts estimate that, by 2030, the metaverse will contribute up to $5 trillion to the global economy.

Alexandra Hussenot, CEO of Immersionn has seen the Metaverse’s economic opportunities coming and is actively harnessing the wings of innovation in this domain.

Check out the latest Article from our #CEO Alexandra Hussenot about:

Metaverse 2022: the year of PoCs!

Ask us how Immersionn can help #YOU shape your 2022 metaverse vision!