Dubai Is Preparing Its Metaverse Strategy

0
33

Dubai-is-preparing-its-Metaverse-Strategy

The Dubai Metaverse Strategy plans to contribute in enhancing Dubai’s position as a global centre for new metaverse technology

Dubai will prepare its Metaverse strategy, following a directive from Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister and Ruler of Dubai. The higher committee will be headed by the Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and will supervise all future technological developments in the emirate.

“We seek to transform Dubai into the world’s best city in the world to live, work, and invest. The constant development of government services is vital to achieving this goal and ensuring Dubai maintains high levels of global competitiveness. We are committed to enhancing government operations in Dubai further to provide the best possible environment for the economy to flourish and ensure the greatest quality of life for citizens and residents. I am fully confident of the new committee’s ability to accomplish this goal,” said Sheikh Mohammed.

Sheikh Mohammed has directed the committee to develop the Dubai Metaverse Strategy within the next two months to enhance Dubai’s position as a global centre for new metaverse technology. The decision was taken during a meeting of the Dubai Council chaired by the Dubai Ruler.

Sheikh Mohammed also revealed a new comprehensive structure for Dubai Municipality in line with Dubai’s priorities, future directions, and development plans in various sectors. The restructuring aims to transform Dubai Municipality into a specialised institution that adopts a private sector mindset to provide high-quality municipal services.

It also seeks to enhance its ability to keep pace with global changes in the environment, climate change, circular economy, and the acceleration of partnerships with the private sector.

The restructuring also aims to create economic opportunities worth AED 10 billion within five years and reduce operating costs by 10 per cent while increasing the quality of services by 20 per cent. In March 2022, the Dubai Municipality revealed plans to work with private sector companies and investors to create a futuristic, human-centred version of the city in the metaverse called One Human Reality.