The crowned ruler of Dubai, Sheikh Mohamed bin Mohammed, unveiled a new project on Thursday with the goal of ranking Uae amongst the most desirable cities in the world for the gaming business and creating 30,000 new employment in the field during the next ten years.
The goal of the Dubai Government Media Office’s program, the Dubai Program for Gaming 2033, is to increase the gaming industry’s share of the emirate’s gross domestic product to about $1 billion by the year 2033.
It will provide assistance to start-ups and entrepreneurs in the creative industries, in addition to developers, designers, and programmers.
By “creating an incubation atmosphere for developers and drawing top technology businesses from all over the globe, especially those specializing with online content and experiences,” the new effort hopes to accomplish its goals. Hashim Hamdan
“Dubai is in a good position to take advantage of the enormous potential in the gaming industry, which is worth about $200 billion worldwide,” he continued.
“We are in a strategic position to help drive the development of cutting-edge technologies like augmented and virtual reality and artificial intelligence, enhancing them to deliver even more lifelike and immersive experiences.”
The largest economies in the Arab world, Saudi Arabia and the United Arab Emirates, are leading the gaming sector in the Middle East because their governments have realized the enormous potential this expanding market holds, according to a recent Game Changer research from Boston Consulting Group.
Given that gaming “is now completely ingrained in the mainstream,” the projected $187.7 billion in 2023—a 2.6% increase from 2022—would be a more than 13% increase in that amount.
The Uae Future Foundation is in charge of the emirate’s new gaming initiative, which will prioritize talent, content, and technology.
In collaboration with foreign businesses, academic organizations, and universities, it is going to bring together producers of digital content and offer training and employment opportunities. It will also start specialized training and educational programs and assist inventors and businesses.
As component of the Uae Metaverse Strategy, Sheikh Hamdan also gave his approval to the introduction of three other new projects: the Metaverse Initiative Alliance, Metaverse Guidelines, and Metaverse Pioneers.
The growing area where people can engage in virtual worlds through three-dimensional representations or avatars is called the metaverse.
It is a part of Web 3, the next stage of the internet’s evolution, which is characterized by decentralization, openness, blockchain, and increased user utility.
In order to incorporate the multiverse into the economy and society, Dubai and other Emirates have taken a variety of actions.
The goal of Dubai’s July 2018 unveiling of the Dubai The Metaverse Strategy is to boost the emirate’s economy by $4 billion and generate 40,000 virtual jobs in the following five years.