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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), announced the launch of the Dubai Metaverse Assembly, a global event bringing together regional and international experts in Dubai to shape the future of the metaverse and explore its promise and potential applications.
The Dubai Metaverse Assembly, to be organised by the DFF on 28 and 29 September 2022 at the Museum of the Future and Emirates Towers, will explore how the revolutionary technology can be deployed across vital sectors to create a better future and quality of life for humanity. The assembly will host more than 300 global experts, policymakers, thought leaders, and decision-makers from more than 40 organisations. Delegates will participate in sessions and workshops to take a deep dive into the metaverse, understand its impact on humanity, discuss the potential of humanising its applications, and identify the best ways to leverage opportunities across strategic sectors of countries, governments, and companies. Estimates of the value of the metaverse market globally vary between $10 trillion and $30 trillion within 15 years, underscoring the massive potential of the new platform.
His Highness Sheikh Hamdan bin Mohammed said: “The metaverse is a promising digital world. We aim to harness this technology to enhance the quality of life in the UAE and across the globe.” His Highness Sheikh Hamdan highlighted that the Dubai Metaverse Assembly embodies the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for Dubai to become a global hub for innovation and futuristic transformations and a key driver for digital and knowledge-based economies around the world. “We want Dubai to lead globally in adopting the technology of the future, understanding its developments, harnessing its potential, and driving change,” said His Highness Sheikh Hamdan.
The announcement of the Dubai Metaverse Assembly follows the launch of the Dubai Metaverse Strategy, which aims to position Dubai as one of the best cities in the world by investing in promising economic opportunities, adopting and deploying metaverse technology, and developing digital infrastructure that supports global transformations and the digital economy.
The Dubai Metaverse Assembly will introduce tangible outcomes, including reports, strategies and action plans that outline the way forward for maximising the impact of the metaverse on human life in both the real and virtual worlds. This will be done through innovative workshops bringing together major companies leading the innovation in building the metaverse and its applications, in addition to metaverse policymakers and thought leaders.
