The Dubai Metaverse Assembly is the first event of its kind, held on September 28 and 29 at the Museum of the Future. The digital platform provides a complete suite of ministry services and aims to excel in technological advancements.

The Ministry of Economy of the United Arab Emirates (UAE) has recently revealed its third office in Metaverse at the Dubai Metaverse Assembly event hosted by the Dubai Future Foundation (DFF). The UAE always prioritizes futuristic technology as it seeks to diversify its oil-and gas-based economy. The country mainly focuses on developing its artificial intelligence (AI) sector.

H.E. Abdulla bin Touq Al Marri, Ministry Of Economy, said, “The ministry’s ‘third address’ will be an addition to its physical offices in Abu Dhabi and Dubai, allowing governments, corporates, and individuals to interact with the ministry from anywhere.” 

“The Ministry of Economy’s third office will provide an immersive experience for governments, global enterprises, and the general people to communicate and collaborate,” said H.E, while speaking to more than 500 delegates and 40 global firms, including Accenture, Emirates, Microsoft, Meta, and Binance. 

The crown prince launched the Dubai Metaverse Strategy in July 2022, announcing it via Twitter. The strategy aims to add $4 billion to Dubai’s GDP and initiate 40,000 virtual jobs by 2030. The initiative aims to work with 1,000 companies specializing in blockchain and metaverse technologies to make Dubai one of the world’s best metaverse economies. 

The global metaverse market anticipates reaching $1.6 trillion by 2030, with total annual growth of 43.3 %.  “We are moving fast to secure a share of this prize. With advanced physical and digital infrastructure, highly skilled talent, and pro-business laws, the UAE has the competitive advantages to become one of the world’s top ten metaverse economies – and a global hub for investments in this field,” said Al Mari.

Ministry’s Virtual Office’s Digital Services

According to N Business news, the headquarters will be a multiple-story building, each level designed for a specific p. They will include an auditorium to hold virtual conferences and other events and meeting rooms to sign bilateral agreements. Visitors can take a ticket, prompting a “customer happiness center employee” to join the Metaverse and interact with the visitor. 

With two offices in Abu Dhabi and Dubai already, the new headquarters in Metaverse will enable the ministry to make digital services a more significant part of its operations, following directives from UAE leadership. 

UAE has always been a forerunner in creating technological advancements. Being an early adopter in the metaverse industry, the country demonstrated the potential to build its position as a gateway for global trade to become a digital export center and, ultimately, a leading metaverse economy.