UAE Commercial Bank International Launches a Virtual Office in the Metaverse

The UAE-based corporate and retail bank Commercial Bank International is the first bank in the UAE to launch a virtual office in Decentraland.

The customers can explore and interact with digital content and materials. The space also features a lounge that showcases the bank's aspirations to support how CBI aims to support the UAE's strategic vision and drive for digitisation and innovation.

Ali Sultan Rakkad Al Amri, CEO of CBI, said:

We are proud to be the first ever bank in the UAE and among the first innovative banks in the Middle East region to bring the Metaverse experience to our customers and people, which we believe is a strong testament to our strong support and belief in the country's vision in being a leader in innovation worldwide.

Earlier, the Dubai government has launched the Dubai Metaverse Strategy. It aims to increase the presence of blockchain and metaverse companies in Dubai, and enable the Emirate to become one of the world's top 10 cities in this sector. It will contribute $4 billion to the country's economy and create 40,000 virtual jobs in 5 years.