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The Plan For The Metaverse With Which Dubai Wants To Generate 40,000 Jobs In 5 Years

Bloomberg – Dubai has set itself the goal of becoming one of the top 10 economies in the metaverse. To achieve this, he has a strategy that seeks to create up to 40,000 additional virtual jobs and an additional US$4 billion to the city’s GDP over the next five years.

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According to state news agency WAM, Among the objectives, the government will seek to develop global standards to build platforms that are safe for users and to develop regulations and infrastructure that facilitate their use.

The main objective of the plan, launched by the Sheikh Hamdan bin Mohammed, he is the crown prince a fivefold increase in the number of companies blockchain in five years. There are already more than 1,000 companies in the city dedicated to this industry and the metaverse, which contributes US $ 500 million to the national economy, said the Sheikh.

Today we are launching the Dubai Metaverse strategy, which aims to encourage innovation in new technologies. There are over 1,000 companies operating in the blockchain and metaverse sector in Dubai, contributing $500 million to our national economy. pic.twitter.com/J1XRmd2ub3 Hamdan bin Mohammed (@HamdanMohammed) July 18, 2022

WAM pointed out that “the strategy focuses on the boosting talents and investing in future skillsproviding the necessary support in education related to the metaverse and aimed at developers, content creators and users of digital platforms in the metaverse community”

Some of the biggest companies in town are already entering the metaverse. Emirates has said it will expand the use of technology and Damac Group plans to build digital cities. the health body Thumbay will launch a hospital in the metaverse for virtual consultations in the coming months, the Khaleej Times reported.

The city is also trying to interest major cryptocurrency and fintech companies around the world. For example, Binance (BNB) and FTX have already received licenses in Dubai.