Dubai International Financial Center launches Metaverse platform

The Dubai International Financial Center launched the "Metaverse Platform" in line with the objectives of the Supreme Committee for Future Technology and the Digital Economy and the "Dubai Metaverse Strategy", which was launched with the aim of accelerating the pace of efforts and endeavors to enhance Dubai's position as a leading global destination in the field of metaverses.

The Metaverse platform keeps pace with the main axes of the Dubai Metaverse strategy aimed at raising the total contribution of the metaverse sectors to $4 billion in the emirate's economy by 2030, in addition to attracting 1,000 companies specialized in the field of blockchain and metaverse, supporting 40,000 virtual jobs that would allow the realization of more Growth in various vital economic sectors, and strengthening the emirate's position as an attractive destination for innovators around the world.

This comes at a time when the "Dubai Economic Agenda" aims to generate new economic value from digital transformation towards the new economy at an average of 100 billion dirhams annually, in order to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. God, towards consolidating Dubai's position as the global capital of the digital economy, and a pivotal player in the global digital system.

The DIFC Metaverse platform will focus on three main areas;

The first of which is the launch of the “Metaverse Accelerator” program, which includes a studio dedicated to metaverse technology that provides an enabling environment for the creative community, in addition to the development and creation of projects. The metaverse domain. The third domain includes the establishment of a metavirus community that focuses on developing methods and mechanisms that improve customer experiences.

The "Metaverse Accelerator" program is the first initiative to be launched within a group of initiatives affiliated with the newly created Metaverse platform, as entries will be received starting from the current month, and the program aspires to attract more than 500 applications for participation during the next stage, and from Then selecting the 50 best participants that possess promising capabilities and visions that create investment and economic opportunities that contribute to increasing the growth of the sector.

 The launch of the program confirms the DIFC's commitment to supporting the most innovative start-up companies by providing them with an ideal platform that provides them with opportunities to cooperate with the largest players in the region, as well as linking them with investors, and enabling them to access an ideal experimental environment to support the transformation of their ideas and projects into reality, in addition to providing its marketing support.

Omar Al-Olama: The UAE adopts the use of technology in developing its pioneering model

Omar Sultan Al-Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Chairman of the Board of Directors of the Dubai Chamber of Digital Economy, Vice-Chairman of the Supreme Committee for Future Technology and Digital Economy Omar Sultan Al-Olama, confirmed that the UAE adopts advanced technology to keep pace with global changes, reflecting the leadership’s directions to transform the country, and the city of Dubai has become a leading model in applying the latest and best technological solutions, and providing a competitive work environment for the development of future technologies.

Al Olama said that the Metaverse platform, which is the first initiative of its kind in a series of initiatives aimed at achieving the objectives of the Dubai Metaverse Strategy, which embodies future visions and the Emirate's constant endeavor to anticipate trends, by launching a series of initiatives that enhance Dubai's position as a global platform for the latest digital trends and accelerate the pace towards creating A real difference in this vital sector.

Aref Amiri: A qualitative step that confirms the forward-looking vision of the Dubai government

For his part, Arif Amiri, CEO of the Dubai International Financial Center Authority, said: “There is no doubt that the launch of the Dubai Metaverse Strategy represents a qualitative step that confirms the forward-looking vision of the Dubai government within the framework of its commitment to consolidating Dubai’s position as a leading global center for the technology and innovation sector. Dubai International Financial The launch of the integrated Metaverse platform, which will contribute to accelerating the pace of achieving the ambitious goals of the Emirate of Dubai, and it also represents a natural extension of the “Innovation Hub”, the largest innovation community in the region that embraces more than 600 companies specialized in the field of technology and innovation, and contributed to shaping the features of the technology sector innovation in the Middle East, Africa and South Asia.

Fintech Hive, the first and largest business accelerator program in the financial technology sector, held the annual “Investor Day” event in the world of Metaverse in November 2022, thus allowing the financial system in the region the opportunity to experience this technology directly for the first time.

Fintech Hive also partnered with Emirates NBD to launch and co-create the bank's Metaverse Accelerator Program, which has received over 100 applications from around the world.

It is worth noting that the new "Metaverse Accelerator" program will continue for six months, and the participating startups will have the opportunity to benefit from training sessions and workshops to develop their human cadres and enhance their capabilities and skills necessary to keep pace with the rapid technical changes in the world of metaverse, to facilitate and support partnerships between startups and institutions. Which contributes to finding new and innovative solutions in the field of metaverse.

Follow our latest local and sports news and the latest political and economic developments via Google news