Sheikh Mohammed launches a higher committee to develop Dubai Metaverse Strategy in two months

Published: May 13, 2022
Updated: May 13, 2022
Sheikh Mohammed
Sheikh Mohammed

A higher group will establish Dubai Metaverse Strategy in two months.

Sheikh Mohammed bin Rashid Al Maktoum has asked the committee to draft the Dubai Metaverse Strategy in the next two months in order to help Dubai strengthen its position as a global hub for emerging metaverse technology.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai’s Crown Prince, will lead the upper committee, which will oversee any future technical developments in the city.

Sheikh Mohammed bin Rashid Al Maktoum is the United Arab Emirates Vice President and Prime Minister, as well as the Minister of Defense and Ruler of the Emirate of Dubai. After his brother Maktoum bin Rashid Al Maktoum died in 2006, he took over as ruler.

Al Maktoum, a millionaire, makes the most of his money from real estate and is known as “one of the world’s most notable real estate developers.” His land is controlled by the government as a governmental asset. 

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The border between the assets of the Dubai government and those of the ruling Al Maktoum family is blurred. He oversaw Dubai’s transformation into a global city, as well as the establishment of several government-owned businesses such as Emirates Airline, DP World, and the Jumeirah Group.

Dubai Holding owns a number of these. Sheikh Mohammed has presided over the construction of a technology park, a free economic zone, Dubai Internet City, Dubai Media City, the Dubai International Finance Centre, the Palm Islands, and the Burj Al Arab hotel in Dubai. He also oversaw the development of the world’s tallest structure, the Burj Khalifa.

Sheikh Mohammed launches a higher committee to develop Dubai Metaverse Strategy

Al Maktoum is Dubai’s absolute ruler and the UAE’s Prime Minister, a position he was appointed to by the president. Because there are no democratic institutions and internal opposition is outlawed, the administration as autocratic. Scholars have described it as authoritarian.

Metaverse is a virtual reality network of 3D digital worlds where humans can interact with computer-generated environments and other users. The interconnected universe This includes social networking, augmented and virtual reality, video games, and other cutting-edge technology.

Sheikh Mohammed declared in an Arabian Business report, “We aspire to transform Dubai into the world’s best metropolis for living, working, and investing.” It is vital that government services continue to develop in order to achieve this aim and keep Dubai at the top of global competitiveness rankings.

“We are committed to improving government operations in Dubai so that we can create the finest possible environment for the economy to thrive and people and residents to enjoy the highest possible quality of life.” I have complete faith in the new committee’s capacity to achieve this goal.”

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The Dubai Metaverse Strategy Committee has been given a two-month deadline to prepare the strategy as a result of Sheikh Mohammed bin Rashid Al Maktoum’s command.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Second Deputy Chairman of the Dubai Council, presided over a meeting of the Dubai Council, which was also attended by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.

Sheikh Mohammed

Sheikh Mohammed bin Rashid also revealed that the Dubai Municipality has been reformed in various sectors to align with Dubai’s future vision and development ambitions.

The reform aims to transform Dubai Municipality into a private-sector-like agency focused on providing high-quality municipal services.

It strives to keep up with global changes in the environment, climate change, the circular economy, and private sector collaborations, as well as improve its ability to stay current with global trends.

Within five years, AED 10 billion in economic opportunities are predicted, with operating expenses expected to drop 10%.

In March 2022, the Dubai Municipality announced its intention to collaborate with private sector companies and investors to build One Human Reality, a metaverse version of the city focused on humans in the future.

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