KPMG, a leading provider of audit, tax and advisory services, has announced the establishment of its Centre of Excellence (CoE) for Metaverse and Digital Twins. KPMG is bringing together a broad collective, with Microsoft, leveraging infrastructure and gaming platform, Ericsson for their 5G technology and network; and Metakey as the technical partner to develop 3D objects. The objective of the CoE is to expedite Metaverse and Digital Twin application in Saudi Arabia and the wider region. KPMG launched the new Centre of Excellence on the sidelines of LEAP Conference 2023, a four-day annual tech convention held in Riyadh, which is culminating today. LEAP attracted more than 100,000 tech innovators and leading experts from around the world.
Immense commitment “We have seen an immense commitment from the government to invest in Metaverse and to explore the public utility of the technology. With the launch of the Centre of Excellence, we are proud to bring together a team of experts and organizations to really drive these initiatives forward,” commented Maz Hussain, Head of Digital Lighthouse at KPMG in Saudi Arabia.
(...) Co-investment fund As part of the CoE, KPMG has allocated a dedicated co-investment fund for Metaverse use-cases in Saudi Arabia to work together with public and private partners on expediting the technology for practical use. “With the traction we see in the market, we are very optimistic about the future of Metaverse and Web3 technologies in the kingdom. With our CoE, guided by an advisory board of global ecosystem partners and with a dedicated team of specialists from academia and industry, we will be very focused on use case development in Saudi Arabia,” concluded Hussain.