Skip to content Skip to Search
Skip navigation

DIFC launches metaverse platform to attract tech innovators

WAM
White-collar workers in banking, finance and the UAE's booming startup sector are helping to grow Dubai's economy

Dubai International Financial Centre (DIFC) has launched the “DIFC Metaverse Platform” to attract global technology innovators.

The new platform is aligned with the Dubai metaverse strategy, which aims to add $4 billion to Dubai’s GDP, DIFC said in a statement. 

The strategy aims to create 40,000 virtual jobs by 2030 and attract 1,000 companies specialised in blockchain and metaverse technologies.

The platform also supports the objective of the recently launched Dubai Economic Agenda D33 to generate annual economic value worth AED100 billion from digital transformation.

Omar Sultan Al Olama, minister of state for artificial intelligence, digital economy and remote work applications, said that the metaverse platform is the first in a series of initiatives to strengthen Dubai’s position as a global platform for the latest digital trends.

The “Metaverse Accelerator Programme”, the first initiative to be launched under the platform’s umbrella, will start accepting applications this month, the statement said.

In the coming years, the programme seeks to attract more than 500 applications, identify 50 of the most promising graduates, and stimulate investment opportunities to help the sector grow.

The programme will run over a period of six months, during which the cohort of startups will be introduced to training and workshops to upskill and reskill themselves in both technical and intrapersonal aspects of the metaverse.

Latest articles

Boat, Transportation, Vehicle

Oman signs LNG supply pact with Turkey’s Botas

State-backed Oman LNG has signed an agreement with Turkey’s Botas Petroleum Pipeline Corporation to supply one million metric tonnes per annum (mtpa) of liquefied natural gas (LNG) for 10 years. The agreement will commence in 2025, the state-run Oman News Agency reported. Hamed Mohammed Al Nu’amani, CEO of Oman LNG, said the agreement with Botas […]

Flooding in Dubai affected many people's homes. Emaar has promised .free repairs for its residents, and an upgraded sewerage system is planned

Emaar promises free repairs as Dubai launches sewerage system

Emaar Properties is offering free repairs to residents whose homes were damaged during this week’s extreme flooding, as Dubai also announced an AED80 billion ($22 billion) sewerage system. The developer announced on Friday that it would repair all homes in its communities affected by the historic levels of rain, “at no cost to residents”. Emaar’s […]

A customer paying with a credit card inside the Black Friday Market in Beirut. Lebanon wants more people to move away from cash

Lebanon launches plan to promote use of bank cards

Lebanese central bank Banque du Liban announced a new agreement on Thursday that it hopes will result in a rebound in the use of bank cards. As part of the agreement, Mastercard and Visa will lower card fees on transactions, particularly for people with bank accounts based outside Lebanon. In a press release, the bank […]

Construction work in Kuwait. Nurseries, schools and shops are being built for the new residential district of Al Metlaa

Kuwait signs $140m contracts for Al Metlaa development

Kuwait’s Public Authority for Housing Welfare (PAHW) has signed two contracts worth KD42 million ($140 million) to construct public buildings in Al Metlaa, a new residential district north of Kuwait City. Nurseries, stores, schools and shops will be included, state news agency Kuna reported. Electricity connections have been provided for 109 buildings in the district, […]