Dubai is hosting a global event that will bring together metaverse experts in September – following its rollout of a dedicated strategy to boost the sector’s contribution to its economy.
Announced by Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Dubai Metaverse Assembly will be held on September 28 and 29 at the emirate’s iconic Museum of the Future.
It will explore how the technology “can be deployed across vital sectors to create a better future and quality of life for humanity,” according to a statement on WAM.
The event is expected to draw in more than 300 experts, policymakers, and thought leaders from more than 40 organisations – who will engage in sessions and workshops about the advanced technology.
“The metaverse is a promising digital world. We aim to harness this technology to enhance the quality of life in the UAE and across the globe,” the Dubai crown prince said. “We want Dubai to lead globally in adopting the technology of the future, understanding its developments, harnessing its potential, and driving change.”
It is estimated that the metaverse market could reach up to $30 trillion within 15 years.
The announcement comes after Sheikh Hamdan unveiled the Dubai Metaverse Strategy, which he hopes to contribute a sum of $4 billion to the emirate’s economy.
The strategy includes doubling the number of metaverse and blockchain companies in Dubai, as well as creating 40,000 jobs in the sector.
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