Are you ready for the Expo?

The Community decides to explore the world of Expo and its impact on the UAE’s economy
The Community By Indira Kasaeva
Published on December 16, 2014
Address hotel Dubai

DUBAI The signs of Expo 2020, with the symbolic blue icon, are all around the UAE. In November 2013, a little more than a year ago, the Burj Khalifa set off in massive fireworks as the whole country celebrated Dubai’s winning bid over Russia, Turkey and Brazil to host the mammoth event.

The desire to win the bid was fierce, the first step was made — Dubai won, and now the whole journey lies ahead…

According to Sara Al Boom, one of the four Dubai Expo2020 Ambassadors, the level of support for Expo has been very rewarding. “It’s amazing how the people of the UAE have expressed great interest in the Expo. From the moment we submitted our bid, to the announcement of our win, people of this great nation have shown their support and will continue that level of passion and excitement till the end,” she said.

The Expo is a global fair where nations, international organisations and businesses will share knowledge and ideas, bringing innovations in various fields of human activity. The event will showcase cultural events, exhibits and pavilions that’ll display innumerable projects to visitors. Think Global Village, but with an educational touch.

It is the first time ever that an Expo will be will hosted in the Middle East, North Africa and South Asia region, making the Dubai-bid historically significant.

“The best investment this country ever made is in its people. Dubai has over 200 nationalities and that is something we cannot find everywhere. We will deliver an unforgettable Expo to the world and we will live up to the promise,” Sara added.

The first Expo started in London in 1851 in the famous Chrystal Palace that was built specifically to host the exhibition.

Among the other massive contributions, the Eiffel Tower was built as an archway entrance to the Paris Expo and the telephone and commercial typewriter were introduced to the world at the American Expo in 1876.

The theme of Dubai’s Expo is Connecting Minds, Creating Future, which springs from the city’s essence of being the spot connecting the East and West. The subtheme is Mobility, Sustainability and Opportunity focusing on smart logistics and transportation systems, lasting energy and water resources and new paths to economic development. The exhibition will stimulate the world to focus on the subtheme to bring new and creative solutions to these issues.

A one-of-a-kind 438-hectare venue will be built between Abu Dhabi and Dubai to host the event. It will have an on edge transportation to and from the site and a hospitality segment around it.

Construction will begin in 2015 and will be completed by 2019. The Expo will last for six months from October 20, 2020, to April 10, 2021. After the end of Expo, the site will be transformed into a world class exhibition centre.

Despite projects worth $705 billion (Dh2 trillion) already on the way over the next 10 years, the government of Dubai will additionally invest more than $8 billion (Dh29 billion) into development of new infrastructure for Expo.

According to HSBC, the total spending could mount up to a staggering $18.3 billion (Dh67 billion), including private sector projects.

Out of all the business in the UAE, trade will have the highest leap. According to Mahmoud Al Bastaki, CEO of Dubai Trade, foreign trade is expected to boost up to Dh4 trillion, while Dubai Chamber of Commerce data states that the city’s economy is expected to boost between one and two per cent between 2016 and 2020. The economic impact generated by Expo from now till 2021 is expected to be around €17.7 billion (Dh81 billion).

An economic report highlighted by the Expo official website predicts that due to Expo, around 277,000 jobs will be created around the region leading up to the event. Forty per cent will be in the travel and tourism industry. The majority of job opportunities will open from 2018 onwards to cater to the demand of the expected 25 million visitors to the exhibition.

“Expo will benefit the UAE and the region with a new level of innovation and connectivity which will improve our standards as a growing hub for change and creativity,” Sara said.

The Expo occurs every five years in different cities and attracts millions of visitors.

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