The bowling all-rounder has starred for KKR as an opening batsman, with 286 runs including a century in the current IPL.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has issued directives to form a task force to track the latest developments in the digital economy after reviewing technology trends in the metaverse.
The move is part of the directives issued earlier by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
“The directives of His Highness Sheikh Mohammed bin Rashid to form a higher committee to supervise Dubai’s future technological developments reflect the importance of facing the future with an open mind. The move will help us fully understand reality and explore unique ideas that will shape a brighter future for Dubai and the UAE, maximising future business opportunities,” Sheikh Hamdan said.
The formation of a higher committee to supervise technological developments in the emirate will oversee developments in the digital economy. The decision is set to cement Dubai’s status as a key city in the metaverse, he added.
Sheikh Hamdan noted that the committee had started work on key pillars and the objectives of the Dubai Metaverse Strategy.
Based on data and information, the strategy aims to increase the contribution of the metaverse sector to Dubai’s economy to $4 billion by 2030 and increase its contribution to Dubai’s GDP to 1%.
ALSO READ:
The committee aims to implement metaverse technologies that can help improve the performance of resident surgeons by 230% and increase the productivity of engineers by 30%, in addition to supporting 42,000 jobs to become virtual.d.
The committee is currently working on identifying opportunities and challenges and continuing the development of the legislative framework that covers future requirements of all sectors.
Current estimates expect business revenues from the metaverse could grow from $180 billion to $400 billion by 2025.
The bowling all-rounder has starred for KKR as an opening batsman, with 286 runs including a century in the current IPL.
A former amateur champion in the UK the Newcastle-native says his short game has improved since relocating to the UAE
Empowering growth through next-generation solutions and a commitment to financial literacy
120 projects launched in first quarter of 2024 in Dubai, housing 34,000 units
New ‘Seezar’ virtual assistant embedded on dealer websites uses advanced AI
Following the country's heaviest recorded rainfall, hospitals and clinics throughout the UAE have witnessed a surge in waterborne illnesses
This continuous rise in investment is attributed to an emerging trend of financialisation of savings
The Skyphone's primary target market is humanitarian missions teams, including those working with the United Nations