With four more years to go, the Dubai government is leaving no stone unturned as preparations and promotions of the World Expo 2020 are underway.
Whether it’s a small scale business or a large scale enterprise, the World Expo 2020 is expected to positively impact the UAE economy in a significant way, opening a treasure of opportunities for businesses in Dubai.
By winning the bid to host the world expo, Dubai has been converted into a Launchpad for great business opportunities, and investments, with evidences of significant long term growth.
Genesis of the Expo
The world expo is a humongous global business exhibition held every five years in different cities across the world. Each country has to bid for the hosting rights before the expo authority, the Bureau International Des Expositions (BIE), France; a decision is taken based on several parameters, such as economic strength, infrastructure etc. The first World Expo was held at London in 1851.
Why Dubai?
The theme for Dubai’s World Expo is ‘Connecting Minds, Creating the Future, along the lines of Mobility, Sustainability and Opportunity. The theme was primarily chosen to promote ideating of innovation and development.
Being the global business and tourist hub of the Middle East, Dubai boasts of strong infrastructure, white listed economy and great exposure to the M.E.N.A and European markets. These parameters have always been the driving force of Dubai.
If forecasters are to be believed, Expo 2020 is expected to attract over 20 million visitors from across the world, creating a plethora of investing opportunities.
Impact of Expo 2020 on Dubai
Financial market experts have predicted that the EXPO 2020 will contribute over $20 billion to the UAE economy. Significant cross sector growth is expected, whether its general trading, import & export, logistics, hospitality, banking, IT etc.
The post Expo 2020 period, will also see a substantial opportunities for any Business Setup in Dubai. The government is already making efforts to improvise the current infrastructure and upgrade Dubai into a Smart City.
Other sustainability efforts such as the Vision 2021, has already been strategized and drafted, offering various statistics and key performing indicators.
Studies have shown how the World Expo 2015 positively impacted Milan, Italy, where it was held last. Research shows us that the tourism industry in Italy saw a contribution of €10 billion.
Dubai Awaits You
Any Investment in Dubai currently will be beneficial on the long run, especially when we approach closer to 2020. There will be an exponential growth for Free Zone Companies in Dubai, considering the event is being held at Dubai South, a fairly new established Dubai Free Zone.
When you establish your business in Dubai, especially during this period, you will tend to gain, because as 2020 approaches closer, one can expect a rise in prices of rents, logistics etc., therefore do not lose out on a golden opportunity to launch you Business in Dubai.
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