Bahrain’s Ministry of Transportation and Telecommunications recently reported that the island nation had become one of the first countries in the world to accomplish nationwide 5G coverage. Two of its three mobile operators now provide high-speed internet service to all of the nation’s 1.5 million population.
The Ministry of Transportation and Telecommunications expects the nationwide 5G coverage to generate new opportunities for streaming, gaming, and supply chain technologies.
“Rapid access to information is essential to innovation, particularly for next-generation services,” said Kamal bin Ahmed Mohamed, Bahrain’s Minister of Transportation and Telecommunications. “In this way, 5G is a crucial step in Bahrain’s ongoing transition from a net consumer to a net producer of technological innovation,” he added.
Thanks to its strategy of flexible regulation of the telecoms sector, Bahrain was able to attract 787 million BHD in investments (more than $2 billion) between 2009 and 2019, and the country’s ICT sector now accounts for nearly 3 percent of its entire GDP.
Now that the country has achieved nationwide 5G coverage, it will be more attractive in the eyes of technology companies interested in providing data-driven services in the region, helping it strengthen its position as a regional and global ICT leader.
Full nationwide 5G coverage is in line with Bahrain’s comprehensive economic vision, described in a document entitled The Economic Vision 2030. The document highlights, among other things, the importance of technology for ensuring the sustainability of a vibrant private sector and attractive innovators and entrepreneurs from around the globe.
Last year, Bahrain became home to the region’s first hyper-scale data center after the launch of the AWS Middle East Region by Amazon. Considering that there will be over 1 billion 5G connections by 2023, the Gulf kingdom is in an excellent position to meet its digital transformation goals.
World’s Largest Metaverse Developer Opens Dubai Office
LandVault, the largest metaverse creator, is expanding its presence into the MENA region.
LandVault, the world’s largest metaverse developer, will expand operations to Dubai later this month as part of an ongoing strategy to boost its presence in the MENA region. The company aims to help local businesses gain a foothold in the expanding web 3.0 universe and sees exciting opportunities to bolster its client portfolio.
So far, metaverse developer LandVault has lived up to its name, creating and curating over 100 square feet of virtual space for a diverse range of organizations, including the nearby Yas Marina Circuit, Aldar, Mastercard, Standard Chartered, World of Women, Hershey’s, and many more.
The Dubai government’s Metaverse Strategy is one of the key reasons LandVault has been inspired to move to the region, as leaders plan to transform the Emirate into one of the world’s top 10 metaverse economies by 2030. Eventually, it’s hoped that in excess of 1,000 companies in the blockchain and web 3.0 spaces will be inspired to set up entities in the region, creating around 40,000 new jobs in the process.
“We are excited to open our office in Dubai and to be a part of the vibrant tech community in the UAE. The MENA region is a key market for us, and we believe that our presence in Dubai will allow us to assist the region and explore new opportunities. We are also excited about the potential for the metaverse in the real estate industry in the UAE. We look forward to working with developers and real estate companies to showcase their properties in a new and innovative way,” says Sam Huber, CEO of LandVault.
Alongside developing the metaverse from its new Dubai office, LandVault will also deploy its technology to assist the UAE’s real estate sector. Developers will soon be able to showcase their projects in a way that was never previously possible, reaching a much wider audience with immersive and interactive property tours and even virtual showrooms.