January 17, 2023

Saudi Arabia To Build Virtual House in WEF’s Metaverse

Saudi Delegation

Saudi Delegation

Saudi Arabia showed its interest in investing in the Global Collaboration Village, the purpose-driven metaverse launched by the World Economic Forum (WEF).

Saudi Arabia plans to build a virtual house in the village to be a bridge of communication between different national stakeholders and international institutions for luring investments. Aramco, the pioneering energy producer, will be the first Saudi entity to establish a house in the WEF’s village.

This announcement was made during a meeting between a Saudi high-level delegation and WEF Founder and Executive Chairman Klaus Schwab and WEF President Børge Brende. The Saudi delegation included Foreign Minister Prince Faisal Bin Farhan, Saudi Ambassador to the US Princess Reema Bint Bandar, Minister of Communications and Information Technology Abdullah Al-Swaha, Minister of Industry and Mineral Resources Bandar Alkhorayef, and Minister of Economy and Planning Faisal Al-Ibrahim.

Saudi Gazette Newspaper reported that the house would be a Saudi tool for attending events, making announcements, sharing knowledge, and interacting with people.

It is worth mentioning that WEF had established the village where organizations and companies around the world can convene to address and create solutions for the world’s top challenges with the help of 80 pioneering organizations to create the first-ever interactive and multilateral session in the metaverse.

Regarding the village, it consists of a town hall, which includes WEF’s Virtual Congress Centre with the purpose of holding plenaries and workshops, a collaborative center, which is a virtual space for captivating storytelling and the Forum’s thought leadership on different issues.

The Global Collaboration Village also includes stakeholder campuses, where WEF’s partners can meet with their stakeholders and others to find solutions for global issues.

Tags :
Author profile

Whether you want to learn about NFT, Blockchain, Web3.0, Metaverse, or any other emerging technologies, we have the vital resources that will enlighten and help you make an informed decision.