DUBAI EXPO 2020 and its implications

Dubai, UAE prevailed the right to host Expo 2020, which is an Universal level Registered Exposition period authorised by the Bureau of International Expositions (BIE), Paris.  As being a Registered Exposition, it is usually an event with a 6 months span in every 5 years and the expo goes along with a diverse worldwide theme that is applicable to all mankind.

Dubai outperformed its rivals to host Expo 2020 with its superb presentation, world class infrastructure, well planned events and therefore after all the hardwork to bag the expo rights, fireworks erupted on the tallest building in the world - Burj Khalifa.

The EXPO 2020 may not seem to be a big deal to the people outside the UAE as it is not an event like the Football World Cup or the Olympics.

However it is certainly a very high profile business event that will change the way Dubai has been growing. Since the announcement of the EXPO 2020 there has been a flurry of activities throughout Dubai and indeed across the United Arab Emirates in general. There are a lot of companies that want to set up shop in Dubai for the long run, real estate market which had already improved is now really progressing impressively in Dubai.

The success was celebrated like a national event with the entire nation parting and showing their support to the EXPO.

The World Expo in Dubai in 2020 is definitely the 1st to be conducted in the Middle East and North Africa & South Asia nation (MENA & SA). This particular event is an exhibition of innovation, products and trade from across the world where a major focus  will be on United Arab Emirates. A beautifully built zone to be built on a 438 hectare site on the boundary of Dubai especially for the EXPO 2020 will host this extraordinary event making it all the more spectacular.

The particulars of the event are yet to be decided in detail. The reason that the expo happens to be a big deal in Dubai is simply because analysts assume it will eventually optimize tourism together with other elements of the economic system as the government spends approx. $7 billion on infrastructure, with the result anticipated to run to other industrial sectors. As emphasized by Bank of America Merrill Lynch, that this investment will equate to a 0.5% rise in GDP in the years 2016-2019.

The ruler of Dubai has guaranteed that Dubai will surprise the world in 2020. The mounting of the world fair while the preparation fronting are likely to generate 2,77,000 new jobs in the UAE, an implanted close to $40 billion into the economic system and a boost in visitors that is at least 25 million and up to 100 million.