Home Metaverse GCC states will generate $15bn a year through ‘metaverse’, report predicts – Middle East Monitor

GCC states will generate $15bn a year through ‘metaverse’, report predicts – Middle East Monitor

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GCC states will generate $15bn a year through ‘metaverse’, report predicts – Middle East Monitor

Source: news.google.com

Gulf Cooperation Council (GCC) member states are projected to earn a total of $15 billion annually by 2030 as they introduce policies to implement new “metaverse” technology within their respective economies.

In a report published last week by Strategy&, a subsidiary of global consultancy PwC, it was revealed that Saudi Arabia is expected to earn around half that amount ($7.6 billion) by the end of this decade, while the Emirates United Arabs could win almost half. a quarter with 3,300 million dollars. These two GCC states are followed by Qatar with $1.6 billion, Kuwait with $1 billion, Oman with $800 million and Bahrain with $400 million. The sector reported to benefit the most from integrated technology will be travel and tourism, which is estimated to receive an annual economic gain of $3.2 billion.

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