Facebook Twitter Instagram
    Friday, June 2
    • About Us
    • Contact us
    • Privacy policy
    • Disclaimer
    Facebook Twitter Instagram LinkedIn VKontakte
    NewsPabNewsPab
    • Home
    • Business
      1. Finance
      2. Digital Marketing
      3. Real Estate
      4. View All

      Why You Should Own Commercial Property Insurance

      January 31, 2023

      The Wall Between You and Your Shoes: How to Molder Your Style

      January 17, 2023

      What is Neurosis? How to Recognise It?

      January 16, 2023

      What Differentiates the Best Audit Firms from The Rest in India

      January 16, 2023

      How do SEO Services Play an Important Role in Local Businesses?

      March 11, 2023

      Should we buy followers for Facebook to grow our business?

      January 30, 2023

      5 Ways to Make Your Website Faster.

      January 24, 2023

      What is the projected market value of the global perimeter security market?

      January 18, 2023

      How to avoid the 7 most common real estate scams?

      January 25, 2023

      How to lose an agent in 10 days

      December 23, 2022

      How to Use Craigslist to Find Jobs, Gigs, and Community

      December 8, 2022

      Things to know before moving in 3 bedroom apartments lafayette la

      November 25, 2022

      Living In Egypt: A Complete Guide About Average Salary In Egypt And Costs Of Living In Egypt

      February 6, 2023

      Best Moving Companies of 2023

      February 2, 2023

      What is fifth wheel transport services?

      January 31, 2023

      What is military car shipping services?

      January 30, 2023
    • Tech
      1. Gaming
      2. Automobile
      3. View All

      Cheap CSGO Accounts with Prime status!

      January 18, 2023

      Get Your Need for Speed On: The Best Racing Games Online

      January 13, 2023

      Car Dealer Job Sim Tycoon Game

      December 6, 2022

      How to Play GameMite Video Games Safely and Effectively

      October 29, 2022

      Things to Look for When Choosing a Construction Company for Your Project

      January 19, 2023

      How To Safely Set Up Cranes On The Construction Site?

      December 14, 2022

      Flow Cytometry Market Study Providing Information on Top Key Players

      December 8, 2022

      The Complete Guide To Charging An Electric Car

      December 7, 2022

      How Low-Code Development is Disrupting the Software Industry?

      May 5, 2023

      Best Ways To Use Professional IT Solutions

      January 31, 2023

      Top WordPress Development Trends to Follow

      January 23, 2023

      Steps to Access TWC or Roadrunner Email

      January 21, 2023
    • Home Improvement
    • Entertainment
    • Lifestyle
      • Education
      • Health
      • Fashion
      • Travel
      • Food
      • Sports
      • Law
      • Pets
      • Fitness
    • Sports
    NewsPabNewsPab
    You are at:Home » Dubai Metaverse Strategy For Businesses: 2023
    Business

    Dubai Metaverse Strategy For Businesses: 2023

    Dubai Metaverse Strategy 2023
    ghiselleroussoBy ghiselleroussoDecember 12, 2022Updated:April 27, 2023No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    metaverse-business-license
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Last Updated on April 27, 2023 by Tabraiz

    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai is at the forefront of the Dubai Metaverse Strategy. An initiative which aims to make Dubai among the top 10 economic cities globally.

    Along with Dubai, other emirates in the UAE have taken steps to include the metaverse. Its related strategies are in business, society, and community. Metaverse is set to revamp the country’s economy and increase the GDP. 

    Strategic projects involving cooperation with business sector participants and events aiming at making the emirate a hub for regional and worldwide metaverse-related events are also part of the aims.

    The initiative is to capitalize on Dubai’s success in attracting 1,000+ blockchain and metaverse startups. It also highlights Dubai’s goal of supporting over 40,000 virtual jobs by 2030.

    The Dubai Metaverse Strategy aims to achieve the following goals:

    • Encourage innovation in businesses and increase the economic contributions of the metaverse through R&D collaborations.
    • Develop advanced ecosystems through accelerators and incubators that attract firms and projects to Dubai
    • Foster talent and invest in future capabilities by providing necessary support in metaverse education (for metaverse developers, content creators, and users of digital platforms in the metaverse community
    • Develop Web3 technology and its applications to create new governmental work models and development in critical sectors such as tourism, education, retail, remote work, healthcare, and the legal sector

    The strategy aims to support up to 40,000 more virtual jobs and produce up to $4 billion in GDP for the city by 2030. These occupations will primarily be in augmented and virtual reality.

    Khalfan Belhoul, CEO of Dubai Future Foundation (DFF), highlighted how the metaverse would most certainly permeate every sector in some capacity in the coming years, with a business opportunity estimated to be worth more than $1 trillion in yearly profits.

    The core values of the strategy are as follows:

    • Extended reality 

    We are offering a perfect blend of both the virtual and the real world.

    • Digital twins 

    This is a digital representation of the real-world product, such as simulation, integration, testing, monitoring, and maintenance. 

    • Augmented reality (AR)

    AR is a mixed-reality experience that blends real-world and computer-generated content. The material may include visual, aural, and other sensory modalities.

    • Virtual reality (VR)

    A simulated and immersive experience in the virtual world. Virtual reality functions include entertainment, education, and business.

    • Mixed reality

    Similar to Augmented Reality (AR), it integrates the physical and virtual worlds. Objects and avatars can co-exist in this space and interact in real time. 

    As an emerging space, the metaverse is people can engage, enjoy and conduct business activities in virtual worlds using avatars. It is a component of Web3, the internet’s next evolutionary stage. It includes blockchain, decentralization, and increased user utility as fundamental components.

    The Dubai Metaverse Strategy intends to improve human thinking processes by harnessing real-time data. Its utilizes machine learning and IoT and utilizing AI simulation, and blockchain.

    Setting up in the metaverse comes with its many benefits, including:


    – Better collaboration and content creation
    – More accurate representations of the real world
    – Access to unattainable or hard to reach experiences
    – Untaps better networking and social activities and events between individuals and teams

    Other pillars include encouraging a full 5G network rollout to enable edge computing and supply on-demand computer system resources. 

    In line with the latest strategy and the aim to expand the current job market, entrepreneurs and foreign investors seeking to tap into the metaverse community can apply for a metaverse business license. To ensure you understand the rules, regulations, and framework of obtaining the license and conducting operations in the metaverse community, you can seek expert assistance. PRO experts can guide you through the entire process and do the necessary work for you. 

    Earlier in November, the Dubai Chamber of Digital Economy received 153 applications from 27 countries for the “Future of the digital economy: business in the metaverse” academy, which is newly launched.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleInsights on Scooter Sharing App Development You’ll Be Thankful For!
    Next Article Thing to understand before buy the Aussiedoodle
    ghisellerousso

    Ghiselle is a UK-based professional blogger, content writer, and content marketer who writes about travel and tourism, finance, real estate, and other topics on his blog. Passionate about writing, traveling, and getting the best deal on everything he buys, Oliver also writes for customers and helps them publicize their products and services in the US and UK markets. She is a traveler who has visited over 35 countries and loves his job because it gives him the opportunity to find stories, experiences, and places which he can share with his readers.

    Related Posts

    Living In Egypt: A Complete Guide About Average Salary In Egypt And Costs Of Living In Egypt

    February 6, 2023

    Best Moving Companies of 2023

    February 2, 2023

    What is fifth wheel transport services?

    January 31, 2023

    Comments are closed.

    Top Selling Multipurpose WP Theme
    • Facebook
    • Twitter
    • Instagram
    • Pinterest
    Don't Miss

    Mentors, Business Cards, and More Steps to Monetizing Your Hobby

    Jobe Bellingham Height, Career Stats, Net Worth, and More Intriguing Facts

    Pune: All the Best Places You Need to Visit 

    How Low-Code Development is Disrupting the Software Industry?

    About
    About

    For interesting information, visit newspab.com. We provide information about games, technology, entertainment, and anything else you may find interesting. We provide quality content. Do not hesitate to contact us with any questions or comments.

    Send us an email at [email protected]

    Popular Posts

    Mentors, Business Cards, and More Steps to Monetizing Your Hobby

    May 31, 2023

    Jobe Bellingham Height, Career Stats, Net Worth, and More Intriguing Facts

    May 27, 2023

    Pune: All the Best Places You Need to Visit 

    May 13, 2023
    Copyright © 2023. All rights reserved by NewsPab.
    • About us
    • Disclaimer
    • Privacy policy
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.