UAE
To reduce reliance on the oil sector, the UAE announced a long-term plan for the transformation of the emirate’s economy. The metaverse is a crucial aspect of the UAE’s economy as the country announced its Metaverse Strategy last May, which aims to turn Dubai into one of the world’s Top 10 metaverse economies as well as a global hub for the metaverse community.
The UAE has shown that it is willing to stake money in the high-risk field of innovative technology. Even Emirati leaders believe that the tech industry will eventually replace the oil industry as the nation works to diversify its economy, according to the Arab Gulf States Institute in Washington.
The Metaverse sector is then predicted to boost production and efficiency, enhance safety, and create new jobs which are all in line with the UAE’s Vision 2030. There’s even one of the UAE’s early private sector metaverse projects named 2117, named after the dream of Dubai’s ruler Sheikh Mohammed bin Rashid to colonize Mars a century from his dream's inception.
Saudi Arabia
Egypt
Let’s not forget Egypt’s energy diversification plan known as the 2035 Integrated Sustainable Energy Strategy which is in with the country’s vision for 2030. Yes, it’s sustainability that’s the main focus, and that’s why no wonder Egypt was chosen to host COP27. There are two projects that are definitely worth mentioning; the first one is the “National program for converting street lighting to LED energy-saving lighting systems,” and the second is the “Cairo Bike Project.”
The National Program for converting street lighting to LED energy-saving lighting systems aims to reduce climate change by implementing energy-efficient LED-based street lighting and reducing energy consumption in lighting which helps the Public Electricity Company to manage peak demand.
The Cairo bike project aims to be a signature project added to the mix of solutions to diversify transport options in Cairo. The concept of bike-sharing, which primarily targets youth, is to provide a network of publicly available bicycles that can be safely used between stations using an app and with reasonable pricing and various subscription packages.
