IMPACT OF DUBAI EXPO 2020 ON THE DUBAI ECONOMY

IMPACT OF DUBAI EXPO 2020 ON THE DUBAI ECONOMY

Introduction

More than 180 countries worldwide will be participating in the world expo. It is one of the largest expositions, and it is going to be the greatest show on earth. This time Dubai will host the renowned world expo in 2020. Being first in the Middle East and North Africa and South Asia to host the event, Dubai will attract more than 25 million people during the six months of the ceremony; which will commence on october2020 to April 2021. This will undoubtedly have a greater impact on Dubai's economy. The main sectors like tourism and hotel markets will earn good earnings.

Theme for expo 2017

The awesome theme selected by UAE is "Connecting minds, Creating the Future", and sub-themes being Mobility and Opportunity. Visitors will surely be attracted towards the spectacular architecture combined with global cultures. and study the thought provoking fair. Dubai is still maintaining investments in various areas like Real estate, environmental avenues, public affairs and economic growth. Dubai however makes lot of investment in Real Estate and likewise will introduce world's largest solar power project, which will be inaugurated at the expo 2020. Dubai has promised to make the city happiest by 2020 by launching 'Dubai Happiness Agenda' programme; which will have 82 projects. The expo will uphold creativity along with partnership globally. Dubai will also see rise in GDP as told by International Monetary Fund during this season.

Area

The site occupies 438- hectare area of land located midway between Dubai and Abu Dhabi; followed by three interconnected airport.  For the Expo 2020 to go smoothly, the Government is ready to invest loads of money to strengthen the Emirate infrastructure. The Government has also said that there will be gradual increase in the revenue more than what they have invested if the Expo is a success. Between 2014-2020, the analyst have observed that there will be more than 150 billion foreign investments in the field of Real-estate, Hospitality and Tourism.

Conclusion

Expo 2020 will be amazing life time experience; where the people will witness latest technology. It is going to be unforgettable event in once life, Dubai expo will surprise the crowd to see how people working in teams, and discovering innovative things  and their  ability to achieve better tomorrow .Dubai expo will be for everyone for all time.

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