While speaking at the MetaDecrypt Web 3.0 Summit on Sunday, chief metaverse officer of
Cybergear Sharad Agarwal said,
“We have started getting a lot of inquiries from government departments and ministries
to make them Metaverse-enabled. It is just a matter of time before Dubai becomes the
crypto and Metaverse hub of the world – not only the region.”
Sharad Agarwal, chief metaverse officer of Cybergear. — Photos by Neeraj Murli
Agarwal goes on to say, “Initial steps have already been taken, so it is a matter of time before there will be a
mandate for all government departments to start the onboarding process.” [16]
In May, the Dubai Crown Prince Sheikh Hamdan announced the launch of the “Dubai Metaverse Strategy”, an initiative to increase the contribution of the metaverse sector to Dubai’s economy to $4 billion by 2030.
Sheikh Mohammed said:
“We seek to transform Dubai into the world’s best city in the world to live, work, and
invest. The constant development of government services is vital to achieve this goal
and ensure Dubai maintains high levels of global competitiveness
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