Dubai Becoming a Metaverse Hub: Shiekh Hamdan Promises 40K Jobs

The adoption of Metaverse-related technologies is increasing daily; to add to its popularity, the Crown Prince of Dubai has come forward with its plan to make Dubai an epicentre of Metaverse innovation. 

The news has come when the entire blockchain industry faces a severe lack of liquidity due to lasting bearish market sentiments. 

The declarations came from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum who also holds the chairmanship of The Executive Council of Dubai and Dubai’s Higher Committee of Future Technology Development and Digital Economy. 

In this article, CoinGabbar is going to share the details of the measures that the Dubai administration is willing to implement in the times to come. Read the article till the end to understand what these declarations mean for the Web 3.0 community. 

How Dubai Will Become a Metaverse Hub

Dubai, the city of Gold and the crossroads of the blockchain revolution, has everything it would take to make it a hub for Metaverse and related technologies. Sheikh Hamdan has proposed a holistic 100-day plan for the development of a digital economy by coordinating different government departments. Sheikh Hamdan is known for its futuristic approach and bullish approach toward the Web 3.0 ecosystem. 

Shiekh Hamdan while declaring his plan, said, “Through this Committee, we seek to develop a new model for the development of technology and futuristic sciences with a special focus on digital technologies and the metaverse as part of our broader strategy to promote digital growth and innovation and achieve the goals of the Dubai Metaverse Strategy,” 

The announcement of the Dubai Metaverse Strategy has opened the gates for global blockchain talents to innovate within a conductive ecosystem of Dubai. This also aligns with the aspirations of the UAE government that have already declared that it would be employing over 40 thousand virtual employees that will contribute towards making Dubai the centre of digital economies. 

Dubai administration would be working to integrate Metaverse technologies into their operations and enhance the user experience to another level of realism and ease. This advancement is going to be achieved by implementing four key strategies given by Sheikh Hamdan. The four centres of focus in executing the proposition would be

• Education

• Tourism

• Retail Real Estate

• Government Services

The Ministry of Economy has also announced that it would be working towards creating service centres for Metaverse and other virtual government services. This initiative would translate into building an enriched blockchain community in Dubai’s own backyard and train talented Emirati professionals to get absorbed in the ecosystem.

The City of Endless Possibilities

Dubai’s active leadership is ensuring that all of the decisions are targeted toward converting Dubai from a city of wealth to a city of innovation. The presented strategies by the Crown Prince also include an agile deployment of strategic projects and mutually beneficial collaboration with industry leaders. Dubai has already become the centre of global blockchain events and the first choice of startups to set up their headquarters. 

All of this has become possible only because of the leadership’s crystal-clear vision and strategic implementation of proposals. These declarations from Crown Prince Sheikh Hamdan will surely act as a booster for the blockchain tech industry amid a severe crypto winter. The opportunities ensured in this project are also going to attract global Web 3.0 talent to Dubai, especially the times when business giants are undergoing large-scale layoffs. 

What do you think would be the future of Dubai and how UAE will be able to achieve this? Share your views in the comments down below.