The Government of Dubai to Establish Its Offices in the Metaverse

The Government of Dubai to Establish Its Offices in the Metaverse

It is reported that the government of Dubai is preparing to establish its offices in the metaverse. The country is presently hiring the services of professional firms to help them in the transition process to the virtual world, as per reports released at a Metaverse Event by Sharad Agarwal, Chief Metaverse Officer of Cybergear.

Dubai is Setting Up Government Offices in the Metaverse

Dubai, an emirate of the United Arab Emirates (UAE), is reportedly setting up some of its government departments in the metaverse, to allow users to take advantage of the state-of-the-art digital facilities in the future. This is part of an initiative to advance the country, which has previously presented its Dubai Metaverse Strategy. It is also seen as Dubai’s consistent effort to further technology while rebuilding the digital future of the emirate.

Sharad Agarwal, Chief Metaverse Officer of Cybergear, a Dubai-based metaverse company, talked about the process at a Metaverse-themed event. He stated:

"We have started getting a lot of inquiries from government departments and ministries to make them Metaverse-enabled. It is just a matter of time before Dubai becomes the Crypto and Metaverse hub of the world."

However, the construction and the establishment of their functions will take time. "There is hard work involved, so you need to decide what services you want to offer and business model, and then onboard a community just like it exists in the physical world," Agarwal further explained.

Countries Advancing Their Metaverse Goals

Dubai has been one of the countries that have put a global plan in place to make the metaverse a profitable industry in the future. The Dubai Metaverse Strategy is a group of directives to make the metaverse contribute 1% to the GDP of the country by 2030. It also hopes to create 42,000 virtual jobs by the same time frame. Other countries, such as South Korea, are also investing heavily in developing their own metaverse with an allocated budget of $177 million.

While some fail to see the enticement of the metaverse for Dubai, Agarwal indicated the real estate market as one of the applications that Metaverse Tech can have in the future. He explained:

"Dubai has a huge real estate market. In the future, people will be able to fly like Superman to a community, look at the villas, view the villas, and also configure the interior decoration to their liking. Once they’re satisfied, they can pay digitally."

The virtual asset regulator of the country recently established its operations in the metaverse. It is considered one of the pioneers in this space.