Dubai is leading the way to be the leading hub of the metaverse. The technological prowess, thriving innovation, research and development environment, and sophisticated digital infrastructure of the city serve as a base for the construction of metaverses. The emirate is fostering an innovative culture and making a seamless transition to a digital economy thanks to a flexible, strong regulatory environment and government-led initiatives.

The Analysis Group's economic researchers estimate that the metaverse's adoption over the next 10 years might contribute $3 trillion to the world economy by 2031. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council, and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), introduced the Dubai Metaverse Strategy with the goal of making Dubai one of the top 10 metaverse economies worldwide.

By 2030, the initiative hopes to support up to 40,000 more virtual jobs and contribute $4 billion to the city's GDP. Most of these positions will be in industries like augmented and virtual reality. The approach, which offers a road map for the future, is consistent with the recently finished "Dubai Metaverse Assembly." The DFF organized the event, which took place at Dubai's Emirates Towers at the Museum of the Future and AREA 2071 from September 28-29.

With the purpose of assessing national initiatives and exchanging experiences on the metaverse, the assembly also saw participation from local organizations and government bodies, including the Dubai International Financial Centre, VARA, Majid Al Futtaim, DAMAC, and Dubai Digital, among others. Now, various government departments are stepping into the Metaverse realm. This article will list these departments and how they are entering the Metaverse.

 

Dubai Electricity and Water Authority (DEWA) launches “DEWAVerse”

As part of its attempts to expand its services to consumers, staff, and society, Dubai Electricity and Water Authority (DEWA) has introduced "DEWAVerse," a platform on the metaverse.

Thanks to this initiative, DEWA is now the first governmental organization to enter the metaverse. Users will be able to interact with DEWA personnel to resolve issues, visit a customer care center, and conduct transactions virtually, thanks to the Dewaverse. Additionally, a virtual DEWA workplace will let users wander around DEWA facilities and have meetings. DEWA invests in Metaverse technology to implement and improve its ongoing and upcoming initiatives, which helps to increase stakeholder satisfaction, and company growth, boost productivity and cut costs.

 

RTA Enters The Metaverse

RTA will also participate in the Dubai metaverse employing augmented reality technology, showcasing Dubai Metro's train network through digital twins.

To expose minute details and other crucial scenarios that impact asset life cycles, the digital twin platform integrates historical maintenance data from the last 12 years of Dubai Metro operation with real-time data acquired by external data-collection devices.

The platform provides suggestions for enhancing the asset life cycle using historical and real-time data, including modifying periodic maintenance plans and other permitted processes, machine learning, and system development to detect potential problems in the future.

 

Ministry of Economy launches third address in the Metaverse

The UAE Ministry of Economy will soon launch the third address in the metaverse.

During a panel discussion at the Dubai Metaverse Assembly last month, Emirati minister Abdulla bin Touq Al Marri stated, "We have one physical site in Dubai, one in Abu Dhabi, and we are building up the third in the metaverse."

The minister said, "The new metaverse facility features an auditorium and can handle meetings, contract signings, and more." According to Al Marri, the new service center will be an immersive setting where individuals may move around, make collections, socialize with other people, and access services exactly like they could in actual places.

 

Dubai Airport Freezone also joins the metaverse

The Dubai metaverse will soon include the Dubai Airport Freezone (DAFZ), a unit of the Dubai Integrated Economic Zones Authority (DIEZ).

The program intends to strengthen the Emirate's leadership position as a center for competitive and beneficial technology by exposing the DAFZ's distinctive offers, products, and solutions to attract foreign direct investment (FDI) and enterprises to the free zone.

Regardless of the actual location, METADAFZ will allow clients worldwide to have meetings via a virtual platform, providing a distinctive semblance of reality.

 

Commercial Bank International becomes first Dubai bank to enter the Metaverse

Commercial Bank International (CBI), located in Dubai, has entered the metaverse. The bank made the announcement about the opening of its metaverse site, making it the first bank in the UAE to have a presence there.

Visitors to Decentraland can reach CBI's virtual location by going to cbi.dcl.eth or (63, -127) by utilizing the Decentraland map coordinates. The bank claimed that portals may also be used to access the bank's virtual location.

CBI Chief Executive Officer Ali Sultan Rakkad Al Amri stated, "We are happy to be the first bank in the UAE and among the first in the Middle East to deliver the metaverse experience to our clients and citizens.

 

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