Dubai Metaverse Strategy has been officially launched and aims to create more than 40,000 new jobs and 4,000 new companies in the sector.
There are currently 1,000 companies in Dubai engaged in the blockchain and metaverse sector contributing $500 million to the national economy.
Dubai’s Virtual Assets Regulatory Authority announced on May 4 that it has opened the world’s first regulatory Metaverse HQ.

On July 18, The Crown Prince of Dubai and Chairman of the Executive Council Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum officially launched the Dubai Metaverse Strategy. The new strategy aims to elevate Dubai as a global metaverse economy and increase jobs and companies in the metaverse and blockchain sectors.