UAE Ministry of Economy metaverse

UAE Ministry of Economy Announces Metaverse Headquarters

29.09.2022 08:42 (Updated 29.09.2022 09:09)
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by Gabriel Cross
1 min read

United Arab Emirates (UAE) has announced that it is preparing a virtual metaverse headquarters for its Ministry of Economy.

The metaverse building will be the third address where the UAE Ministry of Economy resides, apart from the two physical ones in Abu Dhabi and Dubai. It will feature several floors, each one dedicated to a specific purpose. Visitors will be guided by a headquarters employee, who will join the metaverse after a visitor takes a ticket on the premises.

One of the floors will feature meeting rooms and an auditorium where conferences will be held. And the virtual headquarters will also save people time, as they’ll be able to sign legal documents directly in the metaverse.

This piece of news is part of Dubai’s ongoing initiative to adopt the metaverse. Its government is looking to create 40,000 jobs in the virtual space by 2030, as well as increase the number of blockchain firms operating in the country by five times.

Author

  • Gabriel Cross used to be a bank officer for an international bank for many years. From this point of view, he says the time spent obtaining a degree in economics was a waste of time. A few years back, he decided to quit his job and start trading. He is obsessed with decentralized finance, but he often plays with the stock market, investing with great pleasure into ground-breaking tech solution startups.

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