Expo's generate economic benefits for the host country through increased tourism, job opportunities, and hospitality revenues. They also provide financial benefits, both during the run up to the event and after it, in terms of large construction activity and investments from outside the country.
The Dubai Expo 2020 is likely to generate approximately $23 billion (24.4 percent of Dubai's current GDP) between the years 2015 and 2021, largely from the construction of large-scale commercial and residential developments including the Expo 2020 site master plan, according to the report World Expo 2020: Destination Dubai.
Dubai is also driving hotel developments in the Middle East and Africa region, with 36,523 rooms and 96 projects in the city’s pipeline, set for opening in time for World Expo 2020 and driven by projects such as Dubai Parks and Resorts. Jones Lang Lasalle (JLL) reports 65,000 rooms are available in Dubai as of 2015, with new developments expected to take that number to 100,000 by 2020. This will also generate employment exclusively in the tourism and hospitality sector to the tune of 100,000 jobs of the total 277,000 expected across sectors, according to analysts, says the report.
Work has already commenced on major tourist and leisure attractions across Dubai with developers continuing to announce new projects. The majority of these attractions are set for completion before 2020 with a few of the mega projects lined up to cash in on the Dubai Expo 2020. See the gallery to find out more about the biggest projects coming up for Expo 2020.