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Saudi Arabia to invest billions in metaverse, blockchain technology

The kingdom, which is seeking to reduce its dependence on oil, made the announcement at the futuristic LEAP technology forum in Riyadh.
Saudi Arabia tech

Saudi Arabia announced billions of dollars of investment in advanced technologies today. 

The kingdom will invest more than $6.4 billion in total. This includes a $1 billion investment in the NEOM Tech & Digital Company, which is named after the eponymous futuristic city in Saudi Arabia. The company plans to launch its own metaverse, referring to the 3D digital world where users can interact with one another, the official Saudi Press Agency reported. 

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