Startups target the UAE market to develop actual use models for metaverse technologies, which provide different life experiences that match reality in all government and private sectors, to benefit from Dubai's strategy for the metaverse and the technical and legislative environment that attracts these companies.
The UAE has a large and growing number of entrepreneurs keen to explore new technologies, and the metaverse industry is expected to grow strongly in 2023, recording an annual growth rate of 30 percent from 2023 to 2030. The UAE is also among the top countries in the metaverse race, and the industry is expected to grow by 30-35 percent year-on-year to reach about $4 billion in 2023, compared to $1.5 billion in 2022. The metaverse market in the UAE is expected to reach around $12 billion (Dh44 billion) by 2030.
Source (Al Khaleej Emirati Newspaper, Edited)
