Dubai to create more than 40,000 virtual workplaces

Dubai will create 40,000 virtual jobs in the next five years as part of a new Dubai Metaverse Strategy announced by His Highness Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince and Chairman of the Emirate’s Executive Council.

The number of companies involved in the development of blockchain and metaverse technology in Dubai will grow five-fold, from one to five thousand, within five years. Sheikh Hamdan described the meta-universe as a new revolution that will change all aspects of people’s lives over the next two decades.

Currently, high-tech companies are earning US$ 500 million for Dubai’s economy and these figures are expected to increase significantly in the coming years. The new companies will contribute US$ 4 billion to Dubai’s GDP.

Last year, UAE authorities announced plans to bring in 100 new programmers a day, which will bring the total number to 100,000. In the second half of 2022, the UAE will host the largest programming summit, PyCon Summit, where leading industry experts will discuss the latest trends in programming and developments in the digital economy.

In July 2021, the government of the United Arab Emirates signed agreements with leading technology companies, including Google and Amazon, to train 100,000 young people in computer programming. In addition, the UAE authorities have increased financial support for start-ups – from AED 1.5 billion to AED 4 billion (US$ 0.41 billion to US$ 1 billion). The programme provides golden visas to 100,000 of the world’s best programmers.

Source: Khaleej Times

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