INDUSTRY REPORT: World Expo 2020: Destination Dubai

August 20 , 2015


undefined“Connecting Minds, Creating the Future” will be the theme for what will be the first World Expo in the Middle East and North Africa, which refers to three sub-themes that shape the priorities of each country: mobility, sustainability, and opportunity.

With a new master plan for the expo site taking shape as well as several new major developments sprouting up all over the city, Dubai is expected to reap the rewards with major return on investment for years to come. Though employment rates have already seen an upward trend, job creation is likely to hit its peak between 2018 to 2021. 

The Dubai Expo 2020 is mainly expected to boost tourism and other parts of the economy as the government is likely to spend a predicted $7 billion on infrastructure as well as the transport, hospitality, and logistics sectors.  

That spending will equate to a 0.5 percentage point increase in GDP in the years 2016-2019, according to Bank of America Merrill Lynch. Given the relatively small size of Dubai’s economy, the economic impact could be quite large.

With all other benefits, the 438-hectare facility will be further developed as a state-of-the-art Exhibition and Convention Centre once the Expo is complete.  

 

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