Hamdan bin Mohammed: "Dubai will remain a major center for testing and developing future technologies"

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 participants from global experts, decision and policy makers, and more than 40 local and international institutions specialized in the metaverse sector.

His Highness said: "Metaverse will play 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 anticipate and design the future of metaverse and 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 benefiting from technology, innovation and 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 Dubai's advanced technological infrastructure makes it an essential and effective partner in the world of metaviruses and artificial intelligence technologies. 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 the opportunities it holds. promising.

During his attendance at the Dubai Metaverse Forum, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum met with a number of heads, managers and representatives of the participating international technology companies.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum attended a key session hosted by His Excellency 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 prove that they are in the perfect position to be a global leader in the future of metaverses, and that investment in the latest technological developments continues to keep pace with the future trends that the world is witnessing.

Dubai is the beating heart of the metaverse economy 

In his speech, Omar Sultan Al Olama said: "Dubai has succeeded in consolidating its position as a global center for travel, trade and investment by embracing new industries and innovations and the continuous diversification of its economy. We will always work to achieve more," adding: "In the coming years, we will work to transform challenges into opportunities, and build A digital economy built on firm foundations based on infrastructure, competencies and forward-looking leadership, making Dubai the beating heart of the metaverse economy and the center of its growing community.”

He also stressed the need to employ the outputs of the Dubai Metaverse Forum to continue the process of imagining, designing and creating the future, exploring the potential and qualitative capabilities of new technologies, and exploring opportunities for radical transformations that the world is witnessing.

His Excellency 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, Omar Sultan Al Olama indicated plans to work on experimental experiments to improve educational outcomes using metaverse applications in education, where students live in the present, and learn about history, its 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 sessions of the forum electronically and through Metaverse technologies in an exceptional experience.

The future of metavirs

It is worth noting that the Dubai Metaverse Forum is being 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 future applications in government, 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 His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched 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 The year 2030, in addition to doubling the number of companies operating in the field of blockchain and metaverse technology by five, to consolidate Dubai’s position among the top 10 cities in the leading economies in the field of metaverse.

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