Although the metaverse is still in the early stages of development, it’s already possible to see its potential in areas like education, gaming, wellness and commerce. Similarly, Dubai has launched a Metaverse Strategy, aiming to “turn Dubai into one of the world’s top 10 metaverse economies” by focusing on innovation in tourism, real estate, education, retail and government services. When these plans are fully realised, the benefits to KSA’s economy could reach $20.2 - $38.1 billion per year in additional GDP by 2035. As this research shows, while these technologies may be virtual, their economic impact will be very real. Meta has authored reports that estimate the economic potential of the metaverse for the European Union and the United Kingdom.Press Release

Source: The North Africa Journal May 11, 2023 17:02 UTC