The Ministries of Economic development of the United Arab Emirates (UAE) has revealed a new headquarters in the Metaverse. It may accessible to everyone around the globe.
According to Gulf News, the announcement was issued on September 28. During the Dubai Metaverse Conference by UAE Ministry of Economy Abdulla bin Touq Al Marri. “In this situation, it is not being shown how the idea functions. “The third place we’ve been is here, “the Minister remarked before broadcasting an overview of the digital headquarters.
There will be several storeys in the headquarters, each with a different purpose. Guests will be able to engage with a “staffer from the customer satisfaction center” after purchasing a ticket. However, they will then be able to join the Metaverse.
The ministry will be able to increase its usage of digital services under directives from UAE authorities. Thanks to the new headquarters, which will enhance the ministry’s two present facilities in Abu Dhabi and Dubai.
Signatory nations won’t require a trip to one of their physical locations. Since they can register legally binding papers digitally at the virtual headquarters without having to do so.
Along with an auditorium that can accommodate virtual conferences as well as other occasions. The headquarters also offers meeting rooms with screen-sharing features.
The declaration follows the government of Dubai’s July 18 announcement of its Metaverse plan. By 2030, the initiative hopes to create 40,000 virtual jobs. Also, it helps the government achieve its objective of doubling the number of current blockchain businesses.
Virtual Assets Regulatory Authority (VARA)
Notably, the Virtual Assets Regulatory Authority (VARA), which has its headquarters in Dubai. It was the initial regulatory body to declare its existence in the virtual realm. Al-Marri considers that the Emirates may capitalize on its status as a hub for international trade to develop into a top virtual reality economy. Since he visualise that the Metaverse is an economic equalizer.
Over the next fifty years, our future economic model will rely on digital innovation. And one of the greatest fascinating areas of this innovation is the Metaverse. “We have introduced means to actualize the opportunities of the Metaverse in line with the UAE’s forward-thinking approach,” the Minister claimed. The Metaverse can reinvent and reshape our diverse economy.