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Hamdan bin Mohammed, Maktoum bin Mohammed issue directives to set up task force to track digital economy

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DUBAI (WAM) – Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, reviewed vital technology trends in the Metaverse and issued directives to form a task force to track the latest developments in the digital economy.

The move is part of the directives issued by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, during the previous meeting of the Dubai Council.

Sheikh Mohammed had directed the formation of a higher committee to supervise technological developments in the emirate and oversee developments in the digital economy, contributing to enhancing Dubai’s status as the best city in the virtual space thanks to innovative services and its advanced regulatory and legislative framework.

Sheikh Hamdan said the formation of the higher committee to oversee technological advances in Dubai reflects the farsighted vision of father, who always looks ahead and takes proactive and prompt decisions to harness potential opportunities. The decision would cement Dubai’s status as a key city in the metaverse, he added.

Sheikh Hamdan noted that the committee had started work on key pillars and the objectives of the Dubai Metaverse Strategy. Based on data and information, the strategy aims to increase the contribution of the metaverse sector to Dubai’s economy to US$4 billion by 2030 and increase its contribution to Dubai’s GDP to 1 percent.

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During the meeting, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications and Chairman of The Dubai Chamber of Digital Economy, outlined how Dubai stands to benefit from the metaverse in a way that enables it to generate business opportunities beyond its physical borders.

The committee aims to implement metaverse technologies that can help improve the performance of resident surgeons by 230 percent and increase the productivity of engineers by 30 percent, in addition to supporting 42,000 jobs to become virtual.

Dubai plans to become a key player in the virtual world and is developing a regulatory and legislative framework for the sector. It is also launching projects and initiatives that will further raise its stature in the virtual world.

The committee is currently working on identifying opportunities and challenges and continuing the development of the legislative framework that covers future requirements of all sectors. In addition, the committee is working on qualifying human capital to be able to excel in the virtual world.

The metaverse is a virtual-reality space where users interact with computer-generated environments and other users. It combines elements of social media, augmented reality, virtual reality, video games, cryptocurrencies, and other advanced technologies.

Current estimates expect business revenues from the metaverse could grow from US$180 billion to US$400 billion by 2025.

Earlier this month, Dubai’s Virtual Assets Regulatory Authority (VARA) said it had entered the metaverse with the establishment of its Metaverse HQ, making it the first regulator to have a presence in the emerging digital space. Expanding VARA’s resources to a borderless audience is part of Dubai’s strategy to create a prototype decentralised regulator model.

It also aims to make it accessible to government and industry leaders, other authorities and virtual asset service providers to help shape the future digital economy. VARA’s MetaHQ will utilise The Sandbox platform, an Ethereum blockchain-based application that allows users to create, sell and purchase digital assets.

 

 

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    Sheikh Hamdan bin Mohammed, right, and brother Sheikh Maktoum took an overview of the vision and strategy ahead for the digital economy. WAM

  • Dubai-digital-economy

Chief Storyteller – Abhishek Sengupta Storytelling has been at the heart of everything I’ve done for nearly two decades, whether it’s captivating audiences with breaking news, crafting compelling video narratives, or writing columns with just the right amount of sarcasm and spice. I’ve been an award-winning investigative journalist, content creator, media strategist, and accidental commentator on everything from falafels to foldable laptops. My career has taken me across 60 countries, four World Cups between two sports, and one unforgettable ‘journalistic’ saga. Along the way, I’ve produced over 1,000 minutes of multimedia content, interviewed corporate top bosses, grilled ministers, while helping UAE’s longest-running English daily Khaleej Times ride the digital wave. All along, I’ve only tried (and occasionally succeeded) in making audiences laugh, think, and occasionally say, “Wait, that was actually interesting” —proving that even in today’s world, storytelling isn’t just alive; it’s thriving, quirky, and kicking up a storm.

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Dubai drivers could save time as new RTA project targets bottlenecks

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Authorities in Dubai have unveiled an extensive road development project aimed at easing congestion and significantly reducing travel times across some of the city’s busiest corridors.

The initiative, led by the Roads and Transport Authority (RTA), will focus on upgrading key routes, including Umm Suqeim Street, Al Wasl Road, and Al Safa Street, as well as improvements to seven major intersections along Jumeirah Street.

The project will feature a network of bridges and tunnels spanning approximately 11km, in addition to road widening works designed to increase traffic capacity and improve flow across the city.

Faster journeys on key routes

Upgrades to Al Wasl Road will extend 15km and include the construction of five tunnels, with travel times expected to drop by up to 50 per cent. Capacity along the route will increase from 8,000 to 12,000 vehicles per hour in both directions.

Meanwhile, improvements on Al Safa Street are set to dramatically cut journey times from 12 minutes to just three minutes. The plan includes two bridges and two tunnels, doubling road capacity to 12,000 vehicles per hour.

Expansion on Umm Suqeim Street

Six major intersections along Umm Suqeim Street will also be redeveloped, including links to Sheikh Zayed Road and Al Khail Road. The upgrades will include four bridges and two tunnels, alongside additional lanes and improved connections to surrounding areas.

Wider network improvements

The project also covers key junctions along Jumeirah Street, including intersections at Al Thanya Street, Al Manara Street, Umm Al Sheif Street, Al Urouba Street, 39B Street, Al Hudaiba Street and 2nd December Street.

Officials say the development is part of ongoing efforts to future-proof Dubai’s infrastructure, improve mobility and accommodate continued urban growth.

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Dubai rolls out new patrol unit to monitor e-scooters, bikes and cycles

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Authorities in Dubai are stepping up efforts to improve road safety with the launch of a dedicated patrol unit to monitor the use of e-scooters, e-bikes and bicycles across the city.

The new Personal Mobility Monitoring Unit, introduced by Dubai Police in collaboration with the Roads and Transport Authority, will begin operations on May 1.

Major roads, neighbourhoods to be patrolled

Officers will patrol key cycling tracks, major roads and soft mobility zones, including Jumeirah Beach Track, Mohammed bin Rashid Boulevard, Dubai Water Canal, Business Bay and Dubai Marina. Monitoring will also extend to residential areas such as Al Mankhool, Al Karama, Al Hamriya, Al Raffa and Al Muraqqabat.

Fine for violations

The unit will ensure that riders follow safety regulations, including using designated tracks, wearing helmets and protective gear, and adhering to speed limits. Violators may face fines, while those caught riding recklessly or carrying passengers on e-scooters could have their vehicles impounded.

Officials say the initiative is part of broader efforts to enhance safety as the use of personal mobility devices continues to grow across the emirate.

Major General Saif Muhair Al Mazrouei said the unit will support the goal of achieving the highest levels of traffic safety in the city.

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New UAE initiative targets 5,000 locally made essential goods

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The UAE has announced a new Dh1 billion National Industrial Resilience Fund as part of a broader push to strengthen local manufacturing and reduce reliance on imports.

The initiative, revealed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aims to boost domestic production across key sectors, enhance supply chain resilience, and accelerate the adoption of artificial intelligence in industrial operations.

The move forms part of a wider strategy to reinforce the country’s industrial base while supporting long-term economic diversification.

Everyday consumer staples

A central goal of the plan is to localise the production of more than 5,000 essential goods. The first phase will focus on everyday consumer staples that can be scaled locally, including bottled water, dairy products, eggs, poultry, bread, flour, vegetable oils, and seasonal produce.

Authorities say implementation will involve close coordination between government entities, private sector partners, retailers, and digital platforms. Dedicated retail space will also be allocated to UAE-made products to improve visibility and consumer access.

Encouraging investment

In parallel, the government has approved an expansion of the National In-Country Value Programme, making it mandatory across federal entities and national companies. The policy is designed to increase demand for locally produced goods and services, while encouraging businesses to invest within the country.

Retailers and e-commerce platforms will also be encouraged to prioritise Emirati products, further supporting domestic manufacturers.

The UAE continues to position itself as a global hub for industry and innovation, with a growing focus on advanced manufacturing, food security, and technology-driven production.


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