UAE In-Focus — Dubai Metaverse Strategy aims to create 40,000 jobs; Egis completes WME acquisition

Virtual Reality and Augmented Reality are the two main enablers of the metaverse, and it has created 6,700 jobs, along with contributing $500 million to the economy of the UAE. (Shutterstock)
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Updated 02 October 2022
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UAE In-Focus — Dubai Metaverse Strategy aims to create 40,000 jobs; Egis completes WME acquisition

RIYADH: The Dubai Metaverse Strategy is aiming to create 40,000 virtual jobs in the next five years, as the city aims to become one of the top 10 global metaverse economies.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the Chairman of Dubai Executive Council and Crown Prince of Dubai, who officially launched the Metaverse Strategy said that metaverse will shape a new digital future for humanity, news agency WAM reported.

“Dubai is emerging as a major contributor to shaping a new global vision for advanced technology and a pioneer in adopting next-generation digital innovation,” said Sheikh Hamdan.

The Metaverse Strategy also aims at attracting over 1000 companies in the significant field of blockchain and metaverse.

Virtual Reality and Augmented Reality are the two main enablers of the metaverse, and it has created 6,700 jobs, along with contributing $500 million to the economy of the UAE.

Egis completes WME acquisition

French firm Egis has completed the acquisition of Dubai-based engineering consultancy WME, according to a MEED report.

The deal was initially announced in March and with its completion, WME’s managing director Peyman MoHajjer will lead the newly formed Building Engineering practice for Egis in the region.

“The joining of WME into Egis Group opens the door to create substantial growth opportunities and deliver greater benefits for customers in our key Middle East and India markets, in line with our global strategy to enhance our international presence,” said Laurent Germain, Egis Group CEO.

Alaa AbuSiam, CEO of Egis Middle East said, “Together with WME, we’re now well positioned to help our clients successfully navigate the transition to a more efficient and sustainable built environment.”

WME is a firm known for providing civil, structural, mechanical, electrical, plumbing, audio-visual, information technology, security, and infrastructure engineering services.


Amazon to invest $12bn in data centers to expand AI, cloud capacity 

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Amazon to invest $12bn in data centers to expand AI, cloud capacity 

RIYADH: US technology giant Amazon plans to invest $12 billion to build multiple data center campuses in northwest Louisiana, expanding infrastructure to support artificial intelligence and cloud computing. 

The development, spanning Caddo and Bossier Parishes, will support Amazon Web Services’ cloud computing operations and growing demand for AI infrastructure, according to a company statement.  

The announcement comes as the global data center sector is projected to expand at a 14 percent compound annual growth rate through 2030, according to JLL’s Data Center Outlook report, adding nearly 100 gigawatts of new capacity worldwide between 2026 and 2030 and effectively doubling current global capacity. 

David Zapolsky, Amazon’s chief global affairs and legal officer, said the project would build next-generation data center campuses to support artificial intelligence and cloud computing while creating opportunities for local communities. 

“We’re creating hundreds of high-paying jobs and making substantial investments in local infrastructure to serve customers. We’re grateful for our strong partnerships with local leaders and proud to deepen our commitment to Louisiana,” he added.   

The campuses are expected to create 540 direct jobs, including network specialists, operations managers and engineers, along with an estimated 1,710 indirect roles across the regional economy. Construction activity could support up to 1,500 temporary jobs, the company said. 

Amazon is partnering with STACK Infrastructure on the project, and the company said it will self-fund the energy infrastructure required for the project, working with Southwestern Electric Power Co. to cover the full cost of grid upgrades and new power facilities. 

Sustainability features are built into the design, with the company saying the data centers will use verified surplus water for cooling during peak summer periods and outside air cooling for about 87 percent of the year, helping reduce electricity demand by 25 percent to 35 percent during peak grid loads. 

The announcement comes after Pamela MacDougall, Amazon Web Services’ head of energy markets and regulation in Europe, Middle East, and Africa, told Reuters long delays to get power grid connections are challenging the company’s plans to expand data centers in Europe.

Speaking earlier in February, MacDougall said connecting to the transmission network in Europe can take up to seven years - versus the roughly two years it can take to develop a data center, she said.

In the US connection queues average one to three years, according to the International Energy Agency, although they can sometimes also stretch to seven years.

"And we're finding more and more across Europe that certainty of the delivery date has continued to be delayed," she said in an interview.