The revelation of a “third address” in a virtual environment represents the UAE Ministry of Economy’s latest foray into the Metaverse.
The Ministry of Economy of the United Arab Emirates (UAE) has announced a new headquarters in the Metaverse, which is accessible to everyone in the world.
The announcement was made on September 28 during the Dubai Metaverse Assembly, according to Gulf News, by UAE Minister of Economy Abdulla bin Touq Al Marri. The minister said, “This is not a proof of concept, this is our third address,” before giving a live tour of the virtual headquarters.
The headquarters will consist of a number of stories, each with a distinct use. The ability to purchase a ticket will allow visitors to interact with a “customer happiness center staffer” who will then enter the Metaverse.
The new headquarters will complement the ministry’s two current locations in Abu Dhabi and Dubai and enable it to expand its use of digital services in line with instructions from UAE leadership.
Signatories won’t need to travel to one of their physical locations to provide their signatures because they can sign legally binding documents online at the virtual headquarters.
The headquarters also has conference rooms with screen-sharing capabilities and an auditorium that can host virtual conferences and other events.
The announcement comes in the wake of Dubai’s government’s Metaverse strategy, which was unveiled on July 18. The strategy aims to generate 40,000 virtual jobs by 2030 and support the government’s goal of tripling the number of blockchain companies currently operating.