Author:
PWC
Language:
English

Dubai Metaverse Assembly Outcomes Report

November 2023
Digital

Dubai’s first mega Metaverse event, the Metaverse Assembly, successfully concluded in September 2022. The flagship event welcomed over 600 technology experts, hosted 25 main and side sessions featuring 30 speakers and 40 technology companies. Jointly hosted at the Museum of the Future and AREA 2071 Emirates at Towers by the Dubai Future Foundation (DFF), the event also attracted 40,000 virtual attendees. The Metaverse is expected to add US$4 billion to annual GDP and 40,000 jobs to the country’s workforce by 2030.

The two-day event was kickstarted by a keynote from H.E. Khalfan Belhoul, CEO at the Dubai Future Foundation welcoming all participants and attendees. H.E. Khalfan Belhoul stated that even though the concept of the Metaverse is not completely understood by most people, the value it can add is clearly evident to both governments and businesses. He mentioned that Dubai’s “north star” in this journey is ensuring that we embrace the Metaverse creating a safe space that puts human lives first.

Over fifteen initiatives and strategies were announced in the Assembly. Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai’s Metaverse strategy was shared with attendees. The UAE’s Ministry of Economy launched their third address in the Metaverse - offering an immersive customer experience with a human touch to citizens and residents. Hailing the Metaverse as a great leveler, the island nation of Barbados is set to enter the Metaverse with a new virtual embassy. Emirates Airlines shared plans to hire 4,000 cabin crew members by mid-2023 and train them in the Metaverse.

Key sectors that will benefit the most in the Metaverse were also identified. Dubai’s Metaverse strategy, as detailed by Omar bin Sultan Al Olama, Chairman of Dubai Chamber of Digital Economy and Vice Chairman of the Higher Committee for Future Technology and Digital Economy, listed tourism, education, government services, retail and real estate as frontrunners. Many other speakers also added healthcare, gaming, and sustainability to the list.

Speakers highlighted the UAE’s approach and openness to embracing new technologies and the Metaverse in particular. Dubai was referred to as the “crypto-capital” of the world and UAE as a “test bed” for new technologies.

Contents:

  1. Executive Summary
  2. Dubai’s Metaverse Strategy
  3. Dubai’s positioning in the Metaverse
  4. Summarized Sessions | Day 1
  5. Summarized Sessions | Day 2
  6. Conclusion

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Dubai Metaverse Assembly Outcomes Report

November 2023
Digital

Dubai’s first mega Metaverse event, the Metaverse Assembly, successfully concluded in September 2022. The flagship event welcomed over 600 technology experts, hosted 25 main and side sessions featuring 30 speakers and 40 technology companies. Jointly hosted at the Museum of the Future and AREA 2071 Emirates at Towers by the Dubai Future Foundation (DFF), the event also attracted 40,000 virtual attendees. The Metaverse is expected to add US$4 billion to annual GDP and 40,000 jobs to the country’s workforce by 2030.

The two-day event was kickstarted by a keynote from H.E. Khalfan Belhoul, CEO at the Dubai Future Foundation welcoming all participants and attendees. H.E. Khalfan Belhoul stated that even though the concept of the Metaverse is not completely understood by most people, the value it can add is clearly evident to both governments and businesses. He mentioned that Dubai’s “north star” in this journey is ensuring that we embrace the Metaverse creating a safe space that puts human lives first.

Over fifteen initiatives and strategies were announced in the Assembly. Under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai’s Metaverse strategy was shared with attendees. The UAE’s Ministry of Economy launched their third address in the Metaverse - offering an immersive customer experience with a human touch to citizens and residents. Hailing the Metaverse as a great leveler, the island nation of Barbados is set to enter the Metaverse with a new virtual embassy. Emirates Airlines shared plans to hire 4,000 cabin crew members by mid-2023 and train them in the Metaverse.

Key sectors that will benefit the most in the Metaverse were also identified. Dubai’s Metaverse strategy, as detailed by Omar bin Sultan Al Olama, Chairman of Dubai Chamber of Digital Economy and Vice Chairman of the Higher Committee for Future Technology and Digital Economy, listed tourism, education, government services, retail and real estate as frontrunners. Many other speakers also added healthcare, gaming, and sustainability to the list.

Speakers highlighted the UAE’s approach and openness to embracing new technologies and the Metaverse in particular. Dubai was referred to as the “crypto-capital” of the world and UAE as a “test bed” for new technologies.

Contents:

  1. Executive Summary
  2. Dubai’s Metaverse Strategy
  3. Dubai’s positioning in the Metaverse
  4. Summarized Sessions | Day 1
  5. Summarized Sessions | Day 2
  6. Conclusion