A committee led by Dubai’s Crown Prince will invest in the metaverse

The new body was established under the direction of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, to make Dubai a leading global economic center and by the launch of the Dubai Metaverse Strategy. He is the Crown Prince of Dubai and the Chairman of the Dubai Executive Council.

Sheikh Hamdan bin Mohammed recalled that his vision for the future is to consolidate the emirate of Dubai as a leading global center for new innovative concepts and disruptive economic and technological models through the deployment of advanced technology in vital sectors to improve people’s standard of living.

Members of the newly established Superior Committee on Future Technology and the Digital Economy.

Sheikh Hamdan views Dubai as a global testbed for future technology and business models aimed at creating new economic opportunities, establishing Dubai as a hub for the global digital economy.

Under the chairmanship of Sheikh Hamdan, the Higher Committee for Future Technology and Digital Economy will have the following members: Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Speaker of the Dubai House of Digital Economy and Vice-Chairman of the Committee; Helal Saeed Al Marri, Director General of the Dubai Department of Economy and Tourism; Hamad Obaid Al Mansoori, CEO of the Dubai Digital Authority; Khalfan Belhoul, Executive Director of the Dubai Future Foundation; Ahmed Bin Byat, Deputy Chairman of the Board of the Dubai Digital Authority.

The committee will design policies and analyze trends for the digital economy and future technologies, including the metaverse, AI, blockchain, Web3, virtual reality (VR), augmented reality (AR), Internet of Things (IoT), In addition, it will build strategic alliances with entities working in the field of the digital economy around the world.

Sheikh Hamdan launched the Dubai Metaverse Strategy to place Dubai among the top 10 metaverse economies in the world. The strategy aims to make Dubai a global hub for the metaverse community and builds on Dubai’s achievement of attracting over 1,000 companies in the blockchain and metaverse fields.

 

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  • Gowtham Paramasivam

    Hi, I’m Gowtham Paramasivam, Chief Technology Officer at Dconn. I’ve always been intrigued by how we humans thrive on building things. Being a techie, that fascination turned into a vision after learning about Blockchain Technology. I’ve never left it since and I believe that in the coming years, most of our systems will rely on blockchain. I hope that you find my articles informative and also help you understand the true potential of this technology better.

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