Dubai To Add 5000 More Blockchain And Metaverse Companies


Dubai’s metaverse strategy will add five times more blockchain and metaverse companies to Dubai and 4 billion USD to Dubai’s economy

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, has launched the directives of the Dubai Metaverse strategy. The Dubai Metaverse strategy will add five times more Blockchain and Metaverse companies to Dubai within the next five years.

As H.H. noted, Dubai currently has 1000 Blockchain and metaverse entities.

This would mean that by 2027 there should be 5000 Blockchain metaverse companies in Dubai, UAE.

Sheikh Hamdan stated, “The strategy will add 40,000 new jobs in the virtual world and bring in $4 billion to Dubai’s economy in the next five years. We have launched our metaverse strategy, the next economic and technological revolution that will play a role in every facet of our lives for the next two decades. We currently have 1000 companies in Dubai working in this domain and adding 500 million USD yearly to our national economy; we expect this to increase soon.”

Sheikh Hamdan added that the Dubai metaverse strategy would encourage innovation and government utilisation of the metaverse while growing the talent base.

He states, “Our aim from launching this comprehensive metaverse strategy early on is so that we can be one of the top 10 globally in this field. Dubai has and will continue to remain a pioneer because H.H. Mohammed bin Rashid Al Maktoum has proven over and over again the fruitfulness of his future vision and development.”