A master plan that aims to see the number of Dubai’s blockchain and metaverse companies grow from the current 1,000 to 5,000 in five years, was recently launched by the kingdom’s Crown Prince Sheikh Hamdan. Known as the Dubai Metaverse Strategy, the plan also seeks to create 40,000 jobs and bring in $4 billion to the Dubai economy.
Metaverse Contribution to Dubai’s Economy
The crown prince of Dubai and chairman of the Dubai Executive Council, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has launched an ambitious plan to attract 5,000 blockchain and metaverse companies to the kingdom by 2027. Named the Dubai Metaverse Strategy, the plan envisions achieving the strategy’s objectives within the next five years.
In his Arabic tweet, Sheikh Hamdan suggested that an increase in the number of companies in the sector will see their total contribution to the Dubai economy also grow. The crown prince explained:
Today we launched the Dubai Metaverse Strategy, the next revolution in the...
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