Benefits of Dubai Expo 2020
- Economic Impact
- Job Creation
- Benefits for Businesses
- Benefits for Real Estate
- Benefits for Tourism and Infrastructure
The Dubai Expo 2020 is, without doubt, one of the most highly anticipated world events of 2021. Originally scheduled to start in October 2020, the spectacular event was temporarily delayed till the end of 2021 due to the global pandemic. Now, it will be held from 1st October 2021 to 31st March 2022 but will retain its original name.
More than 192 countries are scheduled to participate in this epic Expo. The eyes of the whole world will be firmly trained on this truly unifying event. In particular though, Expo 2020 Dubai will ensure a myriad of immensely positive reverberations on the UAE and its people. Let’s have a look at all the major benefits of Dubai Expo 2020:
ECONOMIC IMPACT OF EXPO 2020 DUBAI
Dubai was awarded the rights to host Expo 2020 back in 2013 and since then, the Dubai government has been hard at work developing the infrastructure and resources needed to pull off a successful six-month event.
Although the event is still a year away, the emirate has seen massive economic growth since it won the rights to host the Expo. As per the official website of the Dubai Expo 2020, an economic boost of around AED 122 billion is anticipated to be experienced by 2031.
It is also mentioned on the website that from 2013 to date, there has been a whopping influx of approximately AED 37 billion, largely from the construction and real estate sector. During the event, another AED 22 billion is expected to be funnelled into the economy, which will bring about an expected addition of 1.5 per cent to the UAE Gross Domestic Product (GDP)
After the Expo 2020 is over, the site that was specially constructed for the event, will be redesigned as District 2020 and will host business, art and other types of events. This will ultimately prove to be a gift to the emirate that keeps on giving, continually adding to the sustainable economic development of Dubai.
JOB CREATION THROUGH EXPO 2020 DUBAI
One of the advantages of Expo 2020 in Dubai is that it will directly benefit thousands of people by creating a multitude of new jobs in the emirate across numerous different sectors. Indirectly, this also contributes to the economy of Dubai and plays its part in the GDP growth of the emirate.
Since the Expo preparations started in 2013, thousands of people have been employed from all over the world to plan, design, strategise, execute, build and develop the entire environment and infrastructure for the Dubai Expo 2020. According to the Expo 2020 Dubai official website, the event will also produce between 50,000 to 90,000 full-time jobs and positions between 2013 and 2031.
Apart from this, the management has also recruited 30,000 volunteers from among 100,000 applicants, half of whom were Emirati nationals with the rest hailing from countries such as the UK, China, Pakistan and India amongst others.
BENEFITS OF DUBAI EXPO 2020 FOR BUSINESSES
The Dubai government and the emirate, in general, are not the only entities that will benefit from the success of the Expo 2020. In fact, thousands of businesses are also well set to profit greatly from this world event. The largest companies in the world, as well as big-time investors, will all be present at the Expo 2020 Dubai.
This will help businesses attract new investors and secure both local and international clients. The Expo 2020 will also be especially beneficial for startups and SMEs, as it will help them enjoy maximum global exposure and place them firmly on the radar. The Expo will feature various world-class business events, such as global investment forums, investor pitching conferences and much more.
The spectacular size of this Expo, and the fact that it’s the first World Expo in the MENA region, means it promises to shine plenty of positive exposure on the region and its businesses, no matter which industry they are from. The major beneficiaries of this will be the tourism, retail, entertainment, real estate, construction, IT, healthcare and hospitality industries.
BENEFITS OF DUBAI EXPO 2020 FOR REAL ESTATE
The real estate sector is expected to be one of the major beneficiaries of the Dubai Expo 2020. Naturally, the development of the Expo 2020 site caused a massive influx of cash into the real estate and construction sector. Aside from this, there has been a massive rise in the development of new commercial and residential projects near the site, mostly to accommodate the people who will be attending the half year-long event.
The Dubai Expo 2020 awarded 1200 contracts with a total value of AED 2 billion awarded to various contractors and developers in 2016. Additionally, it also awarded 47 new construction contracts in 2017, which amount to AED 11 billion.
BENEFITS OF DUBAI EXPO 2020 FOR TOURISM AND INFRASTRUCTURE
Last but not the least, the Dubai Expo 2020 is expected to receive 25 million visitors, out of which 70% will be from overseas. This will boost the tourism and hospitality sectors, which have been heavily impacted by the travel restrictions during 2020, owing to the COVID-19 pandemic. There are as many as 99 hotels currently under construction, which has the potential to be one of the largest developments in the hospitality industry across the MENA region, or perhaps even the world.
Another thing worth mentioning is that due to the Dubai Expo 2020, a whole new transportation infrastructure is being developed, which will include new roads, electric buses, new bus stops, metro stations, trains and much more.
Route 2020 is a new Dubai Metro route that has been specially designed for the event. It is a 15 km extension to the Metro Red Line and will connect Jebel Ali Station to the new Expo 2020 Station, with seven stations in between. This will help move visitors to and from the Expo 2020 site much faster and will ensure further strengthening of the economy.
FAQS
HOW CAN I PARTICIPATE IN DUBAI EXPO 2020?
There are various ways in which you can participate. You can become a volunteer for Expo 2020, or if you own a business or startup, you can register for the business-related events and connect with other investors and business owners to bring more exposure to your brand. There is an online marketplace for the Expo where you can register your business.
WHERE CAN I BUY TICKETS FOR DUBAI EXPO 2020?
Tickets sales have been on hold since the dates were changed. Updated details of ticket vendors and sales are due to be released around the start of 2021.
HOW CAN I REACH THE DUBAI EXPO 2020 SITE?
In anticipation of the Expo 2020, new buses and metro stations were developed, as well as new roads, which will help visitors reach the site easily. Plus, there is a new metro station at the site, which is capable of transporting 44,000 passengers per hour.
HOW MANY PARTICIPANTS WILL BE AT DUBAI EXPO 2020?
More than 200 entities have already signed up for the event, which includes over 190 nations. There are multilateral organisations, businesses and educational institutions that will also be at the event.
CAN I FIND A JOB AT DUBAI EXPO 2020?
The Expo 2020 will feature international companies from all around the world, so you can definitely attend the event and see what job opportunities are available according to your skill set and qualifications.
With that, we wrap up our blog on the benefits of Dubai Expo 2020. Looking for more Expo 2020 info? Check out our blog listing all the latest updates about Expo 2020 Dubai.
Want to be close to the action? Check out the most popular residential areas near the Dubai Expo 2020, or off-plan projects near the Dubai Expo 2020 site.
Finally, if you’re planning to attend the event as a visitor, here are the best Expo 2020 Dubai pavilions that you really shouldn’t miss.
For more information and updates on the Dubai Expo 2020, keep checking back on MyBayut.
Cover image credits: Expo 2020 Dubai Facebook Page
