The Dubai government announced a plan dubbed “Dubai Metaverse Strategy” where they’ll kick-start plans to attract more than 1,000 companies in the field of blockchain and metaverse. By doing so, the government is aiming to create more than 40,000 virtual jobs by 2030.
According to the statement, the strategy’s key pillars will reside in extended reality (which blends the physical and virtual worlds), augmented reality (AR), virtual reality (VR), mixed reality, and digital twins (a virtual representation of an object or system).
Basically, the strategy aims to leverage real-time data via machine learning and IoT along with AI simulation and blockchain for the enhancement of such processes. The metaverse strategy will focus on data, network, cloud, and edge computing as their technology pillars.
Besides this, they are promoting the full deployment of 5G networks to enable edge computing and provide on-demand computer system resources.
For those who don’t know, Edge computing allows smart devices to collect, store and process data locally without using cloud services.
Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications, Omar bin Sultan Al Olama talked about the importance of designing the future with new digital strategies for adopting the metaverse in vital sectors.
In addition to that, he said that the incorporation of metaverse will drive UAE’s and Dubai’s efforts to promote innovative solutions. Through this, they’ll positively impact people’s lives along with transforming the city into one of the smartest hubs worldwide offering new economic opportunities.
Its Metaverse Strategy will thrive for innovation, and enhance the metaverse’s economic contributions through R&D collaborations.