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FinancialNews


  • 08-12-22

    Saudi economy to benefit from Metaverse with USD7.6B earnings by 2030

    (MENAFN) The possible input of the metaverse to Saudi Arabia’s economy might be nearly USD7.6 billion yearly by the end of this decade, as the nation gradually diversifies its economy along with its aim in framework of Vision 2030, as shown by a new analysis.

    Issued by Strategy& Middle East, a part of the PwC network, the report pointed out that apart from the nation, the 3D-rendered internet business in the UAE might be contribute nearly USD3.3 billion to its economy within the start of the next decade.

    Additionally, the emerging technology’s input to Qatar as well as Kuwait is estimated to reach nearly USD1.6 billion as well as USD1 billion, individually, within the end of this decade.

    “The potential contribution of the metaverse to Gulf Cooperation Council economies could be around USD15 billion annually by 2030, of which USD7.6 billion would be in Saudi Arabia and USD3.3 billion in the UAE,” as mentioned in Strategy& Middle East report.

    MENAFN08122022000045014228ID1105283112

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