The Dubai Metaverse Forum witnessed the attendance of 500 international experts
Hamdan bin Mohammed: Dubai will remain among the world's leading cities in the field of testing and developing future technologies
Hamdan bin Mohammed during his attendance at the activities of the first day of the "Dubai Metaverse Forum".
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Hamdan bin Mohammed confirmed that Dubai welcomes all innovators and experts to explore and design the future of metaverses.
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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation, affirmed Dubai's keenness to support global efforts to design an integrated vision to employ future technology.
This came during His Highness' attendance of the activities of the first day of the "Dubai Metaverse Forum", organized by the Dubai Future Foundation, with the participation of more than 500 global experts, decision and policy makers, and more than 40 local and international institutions specialized in the metaverse sector.
His Highness said: "Metaverse will have an active role in designing the future of digital technology that the world will live in the coming years... Dubai will remain at the forefront of the world's cities in testing and developing future technologies, and employing them in designing the digital economy and the future economy."
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum stressed that “Dubai always welcomes all innovators and experts to explore and design the future of metaverse, study its potential and promising applications, and ways to expand horizons of dialogue to enhance cooperation, partnerships and concerted efforts, to create solutions that move the world towards building a better future for all by taking advantage of Technology, innovation, research and development.
His Highness said: "We aim by organizing the Dubai Metaverse Forum, to provide a comprehensive platform for global expertise and competencies to foresee the future of the Metaverse sectors, and to enhance communication and partnership between the pioneers of this sector, at the level of governments, institutions, businesses and companies."
His Highness added: "The digital economy is the economy of the future on which the pillars of the development process are based. We want Dubai to be a major center for the metaverse community. We are able to achieve far beyond that."
His Highness pointed out that "the advanced technological infrastructure in Dubai makes it an essential and effective partner in the world of metaviruses and artificial intelligence technologies... and it encourages investors to be part of this growing market, in light of the supportive strategic plans that are being implemented in Dubai, with all that It has promising opportunities.”
His Highness said in a tweet on Twitter yesterday: "Today I witnessed the activities of the Dubai Metaverse Forum at the Museum of the Future.
More than 500 global experts and specialists gather in Dubai to design the future of metaverse and develop its applications in various key sectors.
Dubai will remain a global center for testing and developing future technologies.”
During his attendance at the Dubai Metaverse Forum, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum met a number of heads, directors and representatives of the participating international technology companies.
His Highness witnessed a key session that hosted Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Deputy Managing Director of the Dubai Future Foundation, during which he highlighted the most prominent pillars of the "Dubai Metaverse Strategy", stressing that "what Dubai and the UAE have achieved at various levels, It proves that it is in the perfect position to be a global leader in the future of metaverse, and that investment in the latest technological developments continues to keep pace with the future trends that the world is witnessing.”
Metaverse Economy
In his speech, Omar Sultan Al Olama said: “Dubai has succeeded in establishing its position as a global hub for travel, trade and investment, by embracing new industries and innovations, and by continuing to diversify its economy.
We will always work to achieve more.” He added: “In the coming years, we will work to transform challenges into opportunities, and build a digital economy on firm foundations based on infrastructure, competencies and forward-looking leadership, so that Dubai becomes the beating heart of the metaverse economy and the center of its growing community.”
He also stressed the necessity of utilizing the outputs of the Dubai Metaverse Forum to continue the process of imagining, designing and creating the future, exploring the qualitative capabilities and capabilities of new technologies, and exploring opportunities for radical transformations taking place in the world.
The scholars pointed out that there are a huge amount of opportunities for metaverse applications in the tourism sector, through virtual events in museums, celebrations and the most important tourist sites, and the creation of digital twins for the most attractive destinations in Dubai, which enhances its tourism presence globally.
At the level of education, the scholars indicated plans to work on experimental experiments to improve educational outcomes using metaverse applications in education, where students live in the present, as well as learn about history, events and stations, through an immersive virtual educational environment, referring to parallel plans to develop accelerators for metaverses in sectors. Education Pioneers in this sector were able to test their innovations.
Exceptional experience
The sessions of the first day of the Dubai Metaverse Forum were marked by the participation of more than 20,000 people, from the UAE and the world, to attend the forum sessions electronically, and through Metaverse technologies in an exceptional experience.
The Dubai Metaverse Forum will be held at the Museum of the Future and District 2071 in the Emirates Towers in Dubai. Over two days, more than 25 sessions, meetings and workshops will be held to discuss the latest developments in Metaverse technologies, explore strategic partnerships to develop its digital infrastructure, and explore its applications. The future of governments, services, economic, financial and communication sectors, by taking advantage of blockchain technologies, big data and others.
The Dubai Metaverse Forum is the first event of its kind since the launch of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the “Dubai Metaverse Strategy” in July 2022.
The strategy aims to add $4 billion to the emirate's GDP, and create 40,000 virtual jobs by 2030.
A platform to strengthen partnerships
The CEO of the Dubai Future Foundation, Khalfan Juma Belhoul, confirmed that the Dubai Metaverse Forum provides a platform for strengthening global strategic partnerships aimed at achieving the maximum benefit from metaverse applications and its prospects, pointing to the importance of partnerships between governments and companies, to achieve the desired benefits from metaverse, its technologies and applications. And access to the limitless potential of technology.
Belhoul said, during his opening speech to the work of the first day of the "Dubai Metaverse Forum": "We are now in the early stages of designing the future of metaverses, and we must remember that virtual worlds are like a mirror that reflects the reality in which we live."
He added that "the use of technology in the right way contributes to the development of human potential, and can enhance the balance between the real and digital worlds."
He pointed out that there are many promising opportunities associated with metaviruses in the digital economy, indicating that it will contribute at least five trillion dollars to the global economy by 2030.
"Metavirus" applications
Sultan bin Sulayem, Chairman and CEO of DP World, said that “Metaverse” is able to effectively connect companies and various stakeholders, and provide broad and diverse opportunities for all, adding: “It provides a comprehensive approach to managing and enhancing the efficiency of our work. Unlimited opportunities for metaverse applications in the global logistics and supply chains sector, as is the case in other vital sectors, such as education, government services and trade.”
This came during his participation in a session entitled “How does metavirus activate the movement of trade and the global supply chain?”, as part of the work of the first day of the “Dubai Metaverse Forum”.
Bin Sulayem stressed that the "Dubai Metavirus Strategy" will enhance the opportunities of this vital sector, and contribute to transforming Dubai into one of the top ten metavirus economies in the world, as well as being a global center for the metavirus community.
"Economy" opens its new headquarters in "Metaverse"
The Minister of Economy, Abdullah bin Touq Al Marri, announced yesterday the launch of a headquarters for the Ministry of Economy in the UAE in the Metaverse sector, which provides unlimited opportunities in the virtual reality and the digital world.
This came during Bin Touq's participation in a main session entitled "Metavirus and the Economy: Promising Opportunities for Metaverse Applications", within the activities of the "Dubai Metaverse Forum" organized by the Dubai Future Foundation.
Bin Touq stressed that the UAE has all the elements of an advanced physical and digital infrastructure, which enable it to activate the opportunities of the digital economy and become a global center for future technologies.
He said, "The UAE has made great strides in supporting and empowering the sectors of the future economy, which are based on knowledge, innovation and artificial intelligence, as one of the main pillars supporting the new economic model of the country during the next fifty years, as the world of metavirs represents one of the most prominent applications of future technology."
Bin Touq explained that the global market for the metavirus industry is expected to reach $1.6 trillion by 2030, with a compound annual growth rate of 43.3%, stressing that the UAE has a clear vision in this direction, and possesses all the competitive ingredients, including infrastructure. developed, and creative human cadres in various fields of technology, in order to become one of the 10 largest economies contributing to the metaverse industry, and to be a leading global center for investment in this future activity.
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