Dubai to create 40,000 jobs through metauniverse

Dubai is seeking to break into the world’s top 10 metaverse economies under a new strategy that envisions the sector supporting as many as 40,000 additional virtual jobs and adding $4 billion to the city’s GDP in five years.

Report informs, citing Bloomberg, that the plan, launched by Dubai Crown Prince Sheikh Hamdan bin Mohammed, aims to support the government's goal of increasing the number of blockchain companies by 5 times in 5 years. Dubai is already home to over 1,000 companies in the metaverse and blockchain sector, which contributes US$500 million to the national economy, Sheikh Hamdan said.

The government also aims to develop global standards in building safe and secure platforms for users and develop infrastructure and regulations to accelerate the adoption of these technologies, state-run WAM news agency said.