Source: news.google.com
The Metaverse is attracting substantial investment, with an expectation of $800 billion by 2024, with the GCC already on board. That’s not surprising.
The Metaverse has the potential to energize and transform key sectors in the GCC, contributing around $15 billion annually to the regional economy by 2030, of which $7.6 billion would be in Saudi Arabia and $3.3 billion in the United Arab Emirates. Although the Metaverse is still developing, the pace of change is rapid. GCC organizations must act now and seize the opportunity.
Dubai launched a Metaverse strategy last July. The United Arab Emirates has established an incubator to advance early-stage Metaverse and Web3 applications. NEOM, Saudi Arabia’s $500 billion city on the Red Sea, uses the Metaverse to report the construction…
Read More at news.google.com