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Al Ula gets a hot air balloon in the Metaverse
Faiza
The Royal Commission for Al Ula’s (RCU) recent debut in the world of the Metaverse invited visitors to discover and explore a to-scale and completely immersive 3D model of Hegra’s Tomb of Lihyan, Son of Kuza – the first UNESCO World Heritage site in the exciting, and globally accessible, digital realm. Now, RCU has gone one […]
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A study shows that the Middle East has shown the most interest in the Metaverse
The UAE has been ranked as the fourth most-interested country in the metaverse around the world, according to a study by the Hungarian company Brokerchooser. Other Arab countries that appeared on the list include Morocco, Saudi Arabia, Egypt, and Bahrain. The findings Source:
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Dentsu MENA hosts inaugural Now to Next event in Riyadh
Faiza
International advertising group Dentsu held the first edition of the Now to Next event in Riyadh, bringing together global and local experts to discuss industry challenges and plan for future opportunities in the Kingdom and the wider region. “With every challenge comes opportunity. Beyond the pandemic, we are experiencing a slowing global economy where customer […]
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Saudi based company, FalconViz develops their Metaverse to aid multiple industries
Faiza
Before digital twins and even drone-based photogrammetry were known by the public, FalconViz has been developing the tools of the future. To that extent, at the BIM and Digital Twins Exhibition 2023 in Riyadh, the company announced the launch of the FalconViz Metaverse which aims to launch the company into the new age of digitization. […]
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UN affiliated forum on the metaverse held in Saudi Arabia
Faiza
The first UN International Telecommunication Union (ITU) forum on the metaverse opens in Riyadh on Tuesday, March 7. The forum is expected to promote global dialogue by providing a global platform to explore challenges and promising opportunities, strengthen its standards and organisation, and create a safe and prosperous environment for its services. The three-day event is organised by the […]
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Abu Dhabi has begun a $2 Billion Web3 startup initiative
Faiza
Hub71, Abu Dhabi’s tech ecosystem, has started a $2 billion initiative to back Web3 and blockchain technology startups in the region. The Hub71+ Digital Assets ecosystem initiative will also provide startups access to a wide range of programs and potential corporate, government and investment partners, according to a press release on Wednesday. The program will also […]
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Saudi Arabia’s new city NEOM will be designed on the metaverse
Faiza
NEOM is a city that will be built near the Red Sea. It is a new city that will be redefine what a ‘city’ looks like. With its futuristic design to the revolutionary ideas behind every aspect of the city it will truly be one of a kind. NEOM is being shaped in the metaverse. […]
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PWC expects the Metaverse to bring $15 Billion to the GCC economy by 2030
Faiza
The metaverse is attracting substantial investment. The total value of the metaverse is expected to come close to $800 billion worldwide by 2024, and GCC countries are already active participants. In July 2022, Dubai formally launched its metaverse strategy, with the aim of Dubai becoming a leading metaverse economy. Dubai’s new metaverse strategy is designed […]
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Saudi Aramco signs agreement with droppGroup to build Web3 tech
Faiza
Saudi Arabian Oil Group (Saudi Aramco), the near $2 trillion state-owned energy company, has signed a memorandum of understanding (MoU) with droppGroup to explore co-developing a range of Web3 technologies, according to a press release shared with CoinDesk. The Web3 (the third generation of the internet driven by blockchain technology) applications will be aimed at […]
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Meta launches the Metaverse Academy in the MENA region
Faiza
Meta Platforms, the parent company of Facebook, has launched the Middle East and North Africa region’s first metaverse academy in Saudi Arabia, as it aims to accelerate the development of the emerging technology. The academy, which will be based in Riyadh and start on May 1, focuses on shaping the metaverse ecosystem by providing training to a […]
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