Dubai to Measure Gross Metaverse Product

The Dubai Metaverse Assembly that has kicked off today has seen the announcement of a new economic metric — the GMP, or gross metaverse product.

At the conference Omar Al Olama, the UAE's Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, said GMP aims to showcase how the emerging technology is poised to be a significant contributor to the future economy.

Gross metaverse product will be able to create billions of dollars in returns from Dubai without people being physically in the emirate but experiencing it in the metaverse,

said Omar Al Olama.

The sectors that the metric will be applied to include tourism, education, retail, real estate and the government, he said.

During the conference Abdulla bin Touq, Minister of Economy noted that the UAE had moved "from a sea port to an airport and today, where we are is like a brain port.” In this way Dubai means to overcome its geographic limits and export its services and culture through the metaverse.