The emirate authorities have developed a roadmap for the blockchain technology industry. The strategy is aimed at turning the region into a global technological capital.
Dubai plans to create more than 40 thousand virtual jobs by 2030 according to the Dubai Metaverse strategy, which was presented by the ruler of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. According to the Arab Emirates News Agency, Al Maktoum hopes to turn the region into a global technology capital, focusing on artificial intelligence and Web3.
The strategy is aimed at attracting more than a thousand companies working in the field of blockchain technologies, and includes the use of incubators for projects from abroad. Also, within the framework of the strategy, it is planned to create new models of government work in the field of tourism, education, retail, remote work, healthcare and in the legal sector.
According to the publication, the strategy is based on such areas as augmented reality (AR), virtual reality (VR) and digital doubles (virtual representation of an object or system). VR and AR already provide 6,700 jobs and bring $500 million to the UAE economy, the report says.
In February of this year, the Arab Emirates announced plans to attract more cryptocompanies to the country by issuing them special licenses. Abu Dhabi's official position is to provide the most comfortable climate for cryptocurrency businesses.