Updated February 2023
Dubai has been at the forefront of adopting and implementing cutting-edge technologies in various fields, and the concept of the metaverse is no exception. The Dubai government recently announced its ambitious Dubai Metaverse Strategy, aiming to establish a fully-realized metaverse ecosystem within the city by 2030.
Here’s everything we know so far about the Dubai Metaverse Strategy.
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Dubai Metaverse Strategy
Dubai Metaverse Strategy aims to position Dubai as a global hub for the metaverse community and one of the top 10 metaverse economies worldwide. The strategy builds on Dubai’s successful track record of attracting over 1,000 businesses in the blockchain and metaverse sectors.
Dubai’s vision is to become a leading player in the metaverse economy and share its development and prosperity with the world. By focusing on infrastructure, education, technology, and other critical areas, the city is laying the foundation for the metaverse to thrive.
The Dubai Metaverse Strategy targets four key industries:
- government services
- retail and real estate
As the Dubai Metaverse Strategy continues to evolve, we can expect more groundbreaking initiatives and projects that push the boundaries of what’s possible in the metaverse.
What can we expect from the Dubai metaverse?
The Dubai Metaverse Strategy is still in its early stages, but there are already some exciting developments on the horizon. Recently, the World Government Summit in Dubai announced the opening of the Dubai Metaverse Mall, a virtual shopping destination for those interested in the metaverse world. The Mall of the Metaverse, which is the first virtual mall in Dubai, was announced by Majid Al Futtaim during the summit.
The mall will soon offer improved digital experiences in shopping, entertainment, and recreation to visitors after undergoing several testing phases. Exciting new retailers and amenities, including Carrefour, VOX Cinemas, THAT Concept Store, Ghawali, and Samsung Store, will soon debut at the mall. While still in the planning stages, the group is carefully examining client demands and expectations to ensure that the mall meets the needs of the metaverse community.
The opening of the Dubai Metaverse Mall is a significant step in the city’s journey towards creating a thriving and interconnected virtual world. It demonstrates Dubai’s commitment to innovation, technology, and providing its residents and visitors with cutting-edge experiences.