Categories: Business

Metaverse to add $360bn to MENA’s GDP over the next decade


Tue, 2022-10-04 15:59

RIYADH: Metaverse is predicted to add $360 billion to the economy in the Middle East, North Africa and Turkey over the next 10 years, an official for Meta, the parent company of Facebook, told Asharq Business.

The metaverse is an online world where users can play games, work, and study.

Globally, the metaverse is expected to add $3 trillion to the world’s economy over the next decade, according to Fares Akkad, regional director for Meta in MENA.

Speaking about Meta platforms, he said there are over 300 million users on Instagram, Facebook, and Whatsapp.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Why have obesity rates doubled since 1993?

Obesity can be a risk factor for several chronic conditions including type 2 diabetes, heart…

3 hours ago

Saudi Arabia, Turkey and Pakistan sign defence agreement

Furthermore, the Saudis will be keenly aware of last year's Israeli strikes on Doha, targeting…

6 hours ago

Moment earthquake shakes hospital operating room in Japan

Newly-released security camera footage shows the moment last month's magnitude 6.8 quake shook Kumamoto General…

15 hours ago

Israel charges settler over killing of Palestinian involved in Oscar-winning West Bank film

Israeli prosecutors have charged a settler over the killing of a Palestinian activist in the…

1 day ago

Artificial Intelligence used to design brand new viruses

Viruses are not alive and it would take another significant leap for AI to generate…

1 day ago

Houthi attacks reportedly kill at least 30 Yemeni government forces

At least 30 Yemeni government troops are reported to have been killed in Houthi rebel…

1 day ago