- A “third address” located in a virtual world was announced by the UAE Ministry of Economy.
- In the Metaverse, anyone can visit the new headquarters of the United Arab Emirates’ Ministry of Economy.
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Gulf News reports that the announcement was made on Sept. 28 during the Dubai Metaverse Assembly by UAE Minister of Economy Abdulla bin Touq Al Marri. During a live tour of the virtual headquarters, the minister stated, “This isn’t a proof of concept, this is our third address.”
When people were unable to go out and perform their usual activities due to the COVID pandemic. The idea of a metaverse world became interesting. During the lockdown, online activities became commonplace and virtual awareness multiplied.
There will be multiple stories in the headquarters, each serving a different purpose. An employee from the customer happiness center will be able to interact with visitors by taking a ticket.
Following UAE leadership’s directives, the ministry will make digital services a bigger part of its operations with the opening of the new headquarters, in addition to the ministry’s existing offices in Abu Dhabi and Dubai.
Plans in Metaverse
Signatories to the virtual headquarters will be able to sign legally binding documents, eliminating the need for them to visit their physical locations. Among the headquarters’ facilities are an auditorium that can accommodate virtual conferences and other events, as well as meeting rooms that allow users to share a screen.
In addition to the announcement, the Dubai government also announced its Metaverse strategy on July 18, which aims to create virtual 40,000 jobs by 2030 and to increase the number of blockchain companies fivefold.
I am not very surprised that it is the UAE government that is entering the metaverse. This is because they are trying to be leaders in innovations. I think it is an interesting step that I think other countries will follow.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.