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Research by Strategy& announced that the Metaverse virtual universe is expected to contribute approximately $15 billion per year to the GCC economy by 2030.
The VNA correspondent in the Middle East has just cited the research results of Strategy&, saying that the Metaverse virtual universe is expected to contribute about US$15 billion to the economy of the Gulf Cooperation Council (GCC) every year. ) to 2030.
Compared with the United Arab Emirates (UAE), Saudi Arabia’s revenue is expected to reach $7.6 billion by 2030, according to Strategy&, a subsidiary of global consultancy firm PwC. ). ) about $3.3 billion. Qatar came in third with $1.6 billion, followed by Kuwait ($1 billion), Oman ($800 million) and Bahrain ($400 million).
Over the past period of time, the governments of the GCC member states have continuously introduced measures to tap the potential of new technologies, including the promotion of the Metaverse virtual universe. The tourism industry is the biggest beneficiary, with an estimated $3.2 billion in annual revenue, the study said.
According to Dany Karam, partner at Strategy & Middle East, the Metaverse virtual world “captures a world that has the potential to surpass the next generation of Internet-based gaming and home shopping, and help transform the way we live. We work, trade, plan, design, Build, shop, rebuild, travel and live.”
