Without a doubt, the Dubai Expo 2020 is one of the most eagerly awaited global events in 2021. The spectacular event was originally set to begin in October 2020 but owing to the global pandemic, it was postponed until the end of 2021. It will now take place from October 1, 2021, to March 31, 2022, with the same name as before.
This massive Expo will bring together people from over 192 countries. This truly unifying event will be the focus of the entire world’s attention. Expo 2020 Dubai, in particular, will have a wide range of extremely favorable consequences for the UAE and its citizens.
Let’s take a look at all of Dubai Expo 2020’s primary advantages:
EXPO 2020 DUBAI’S ECONOMIC IMPACT
Since being given the privilege to host Expo 2020 in 2013, the Dubai authorities have been constantly at work building the infrastructure and resources required to pull off a successful six-month event. The emirate has experienced significant economic development since winning the rights to host it. According to the official website of the Dubai Expo 2020, by 2031, an economic boost of roughly AED 122 billion is expected.
The website also states that there has been a massive influx of AED 37 billion from 2013 to date, primarily from the hospitality facility management, construction, and real estate industries. Another AED 22 billion is scheduled to be pumped into the economy during the event, bringing the UAE’s Gross Domestic Product up by 1.5 percent (GDP).
The specifically built site will be renovated as District 2020 and will accommodate business, art, and other types of activities when Expo 2020 concludes. Contributing to Dubai’s long-term economic growth, it will eventually prove to be a present to the emirate that keeps on giving.
FOR BUSINESSES, THE BENEFITS OF THE DUBAI EXPO 2020
The government of Dubai and the emirate, in general, will not be the only ones benefiting from the accomplishment of Expo 2020. Thousands of organizations such as the Hospitality Group of Companies Abu Dhabi are perfectly positioned to benefit tremendously from this global event. Expo 2020 Dubai will bring together the world’s leading corporations as well as major investors.
It will support businesses in attracting new investments and retaining both domestic and international customers. Since it will provide them with maximum worldwide exposure and put them on the map, Expo 2020 will be extremely useful to startups and small businesses. Various world-class business events, such as global investment forums, investor pitching conferences, and more, will be held at the Expo.
The Expo’s massive size, along with the fact that it will be the first World Expo in the MENA area, ensures that the region and its businesses, regardless of industry, will receive lots of positive attention. Tourism and hospitality service quality management, retail, entertainment, real estate, construction, information technology, healthcare, and hospitality will all benefit significantly from this.
EXPO 2020 DUBAI CREATES JOB OPPORTUNITIES
Expo 2020 in Dubai will directly benefit thousands of people by creating plenty of new opportunities in a wide range of industries. This ultimately benefits Middle East Hospitality and Dubai’s economy and contributes to the emirate’s GDP growth.
Thousands of workers from all over the world have been hired since the Expo preparations began in 2013 to plan, design, strategize, execute, build, and develop the whole environment and infrastructure for the Dubai Expo 2020. Between 2013 and 2031, according to the official website of Expo 2020 Dubai, the event will generate 50,000 to 90,000 full-time employment and posts.
Aside from that, the management has chosen 30,000 volunteers from 100,000 applicants, 50% of which are Emirati citizens and the remainder from nations such as the United Kingdom, China, Pakistan, and India.
DUBAI EXPO 2020 BENEFITS FOR REAL ESTATE
One of the key benefactors of the Dubai Expo 2020 is likely to be the real estate industry. The development of the Expo 2020 site, predictably, resulted in a large rush of funds into the real estate and construction industries. Apart from that, mostly to accommodate the people who will be attending the half-year-long event, there has been a significant increase in the construction of new commercial and residential complexes near the location.
In 2016, the Dubai Expo 2020 granted 1200 contracts worth a total of AED 2 billion to a variety of contractors and developers. It also awarded 47 new building contracts worth a total of AED 11 billion in 2017.
THE TOURISM AND INFRASTRUCTURE BENEFITS OF DUBAI EXPO 2020
Finally, the Dubai Expo 2020 is predicted to attract 25 million people, with 70 percent of them coming from outside the country. This would help to improve the tourist and hospitality industries, which have been hit hard by the COVID-19 pandemic-related travel restrictions in 2020. Making it one of the most significant advances in the hospitality business in the MENA area, if not the globe, there are about as many as 99 hotels currently on completion.
A point worth highlighting is that a new transportation system is being built for the Dubai Expo 2020, which includes new highways, electric buses, new bus stops, metro stations, trains, and much more.
Dubai Metro Route 2020 is a new route that has been designed specifically for the occasion. With seven stations in between, this 15 km extension of the Metro Red Line will link Jebel Ali Station to Expo 2020 Station. It will significantly speed up the flow of people to and from the Expo 2020 venue, resulting in considerable economic growth.
Frequently Asked Questions
WHAT ARE MY OPTIONS FOR ATTENDING THE 2020 DUBAI EXPO?
You can become involved in a number of different ways. You can volunteer for Expo 2020, or if you own a business or startup, you can register for business-related events and meet other investors and business owners to increase your brand’s visibility. You can register your business on an online marketplace for the Expo.
HOW DO I GET TO THE SITE OF THE DUBAI EXPO 2020?
Visitors to the site will be able to access the site easily with the development of new bus and metro stations as well as new roads. A new metro station with a capacity of 44,000 people per hour has also been built on the site.
AT DUBAI EXPO 2020, HOW MANY PARTICIPANTS WILL THERE BE?
Over 200 organizations, representing over 190 countries, have already registered for the event. The gathering will also include multilateral organizations, corporations, and educational institutions.
IS IT POSSIBLE FOR ME TO FIND WORK AT THE 2020 DUBAI EXPO?
International enterprises from all across the world will participate in Expo 2020. As a result, you should definitely go to the event and check what career prospects are there that match your professional skills and credentials.
Do you want to be in the thick of things? Look at the most popular residential districts around the Dubai Expo 2020 site, as well as hospitality and travel management companies.
Keep checking back to Hospitality Group for more information and updates on the Dubai Expo 2020.