Dubai will host a global metaverse event in September
Following the launch of a specific strategy to increase the sector's contribution to its economy, Dubai will hold a global conference in September that will bring together experts in the metaverse.
The Dubai Metaverse Assembly will take place on September 28 and 29 in the emirate's renowned Museum of the Future, as announced by Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
It will examine how the technology may be applied across important industries.
More than 300 professionals, decision-makers, and thought leaders representing more than 40 organisations will attend the event and participate in seminars and workshops focusing on cutting-edge technology.
The crown prince of Dubai stated: "We want to use this technology to improve life in the UAE and everywhere else. We want Dubai to lead the world in embracing future technology, comprehending its advancements, maximising its potential, and bringing about change."
Within 15 years, the market for the metaverse is predicted to grow to $30 trillion. The news comes shortly after Sheikh Hamdan introduced the Dubai Metaverse Strategy, which he expects would boost the local economy by $4 billion. As part of the goal, 40,000 new jobs will be created in the sector and Dubai's metaverse and blockchain business population will be doubled.