The United Arab Emirates' Ministry of Economy gets a seat in the metaverse

The global metaverse market should weigh between 10,000 and 30,000 billion euros within the next 15 years. The UAE government, which has placed the development of digital services at the heart of its economic diversification strategy, wants to make it a crucial part of this ambition. The government has drawn up a strategy aimed at increasing the contribution of this sector to 4 billion euros by 2030. The authorities also plan to create 42,000 virtual jobs by this deadline.

The metaverse, to simplify administrative procedures?

On Thursday, September 28, Abdulla bin Touq Al Marri, Emirati Minister of Economy, inaugurated his headquarters in the metaverse, during the Dubai Metaverse Assembly. It is an event that brings together regional and international experts in Dubai. This, to shape the future of the metaverse and explore the opportunities it offers.

It is the third address of the ministry, after the two existing offices in Abu Dhabi and Dubai.

the leader offered a guided tour of the headquarters to the participants of the meeting. It is a building consisting of several floors, each assigned to a particular branch of the ministry. The new ministry headquarters features an auditorium that can facilitate virtual conferences and other similar events. It also has meeting rooms.

The offices are open to all visitors from around the world, the minister said. They will be able to sign legal documents there, regardless of their position in the world. This will save them from having to travel to one of the physical sites. They will also be able to carry out all kinds of operations related to the prerogatives of the Ministry of the Economy. Thanks to this innovation, the ministry will place greater emphasis on digital services, in line with the government’s vision.

The United Arab Emirates aims to become a global hub in the field of metaverse and Web3. For this, a national strategy was unveiled last July. The arrival of the Ministry of the Economy in the metaverse reflects this political will. It should lead to the arrival of other public companies in the coming months.

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