Realizing this potential in the Middle East and North Africa will, according to the research, depend on accelerating digital skills development and closing skills gaps across the region. “The metaverse will be a constellation of technologies, platforms, and products built by a range of companies, opening up incredible new creative and commercial opportunities in the Middle East and North Africa and around the world. Unlocking this potential is critically important and will only be achieved collaboratively, through effort and cooperation between technology companies, policymakers, civil society and others.” - said Fares Akkad, Regional Director, Middle East and Africa at Meta. ‘The metaverse and its potential for MENA’ is a part of a series of new reports commissioned by Meta and produced by Deloitte that examine the economic opportunity that could be achieved in the US, Canada, Brazil, the Middle East and North Africa, Sub-Saharan Africa, Turkey, and Asia. Meta has authored reports that estimate the economic potential of the metaverse for the European Union and the United Kingdom.

Source: The North Africa Journal May 15, 2023 11:30 UTC