DUBAI: The United Arab Emirates (UAE), which already boasts the world's tallest skyscraper and has launched a bold mission to Mars, now hopes to become a pioneer in the depths of the metaverse.
In a project launched at Dubai's gleaming Museum of the Future, it announced that the country's economy ministry was setting up shop inside the immersive virtual world that is now taking shape.
Those who don their virtual reality goggles or use other means to venture within will find a ministry open for business with companies and even ready to sign bilateral agreements with foreign governments, officials said.
The metaverse is an online world where users will eventually be able to play, work and study, its proponents say, although it is still in a "test" phase, UAE's Economy Minister Abdulla bin Touq Al Marri conceded.
He was speaking at the inaugural Dubai Metaverse Assembly, held at the museum whose innovative ring shape decorated with Arabic calligraphy flanks the city's main thoroughfare.
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Representatives of tech giants mingled with entrepreneurs and developers exploring the potential of the metaverse, a network of digital spaces intended as an extension of the physical world.
"In the last couple of years, we've seen investments, we've seen companies move in, and with the changes of the [visa] regime... we see talent coming in," Al Marri told Agence France-Presse (AFP) in an interview.
"We trained our employees to really immerse themselves in the metaverse, use the metaverse and engage with the Generation Z that is going to come," he said.
The UAE, which has a history of bold projects, including the 830-meter (2,723-foot) Burj Khalifa skyscraper, hopes the metaverse can add $4 billion to its annual gross domestic product (GDP) and 40,000 jobs to its workforce by 2030.
In its bid to become one of the world's top-10 metaverse economies, Dubai wants to attract 1,000 companies specializing in blockchain and related technologies, helped by eased visa rules for freelancers, entrepreneurs and creatives.
As the coronavirus pandemic pushed more people into the online world, "Covid really accelerated" the trend, Al Marri said.
"We thought the metaverse is a phase technology that might take 10 to 20 years to emerge," he added. "Covid-19 really immersed us so fast and expedited the use of the metaverse."
Virtual Mars trips
Unlike the UAE's oil-rich capital Abu Dhabi, crude oil represents just 5 percent of Dubai's economy, which has pivoted toward business, tourism, real estate and new technologies.
The UAE has already introduced a law governing virtual assets and a regulatory body for cryptocurrencies while welcoming major crypto exchange platforms.
One of the UAE's early private-sector metaverse projects is called 2117, named after the dream of Dubai's ruler Sheikh Mohammed bin Rashid to colonize Mars a century from now.
Metaverse users can now buy tickets to join a virtual shuttle carrying settlers to the red planet.
"A lot of us won't live long enough to see this mission with our own eyes," said Amin Al Zarouni, founder of the Bedu start-up behind the virtual Mars trip.