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Archive for February, 2019

Why you should invest in Dubai before 2020?

Expo is a global destination for millions of people to share ideas, showcase innovation, encourage collaboration and celebrate human ingenuity. It is organized every five years and lasts for six months. The first World Expo was held in 1851 at London’s Crystal Palace and was known as The Great Exhibition of the Works of Industry of All Nations. It displayed about 10,000 objects showcasing the inventions from the industrial revolution.

Expo 2020 is a World Expo to be hosted by Dubai in the United Arab Emirates, opening on October 20, 2020. The first Expo to be held in the Middle East, Africa and South Asia with many reasons to be counted as one of the most important in exposition history. Dubai was selected to host the World Expo by The Bureau International des Expositions general assembly in Paris on November 27, 2013. “Ladies and gentlemen, Dubai wins.” Those were the words in 2013 which brought about scenes of jubilation both in Paris at the general assembly of the Bureau International des Expositions (BIE). In UAE there were residents who were waiting for the outcome of the voting of the 164 nation members entitled to vote. Dubai won by a resounding majority with 116 votes, leaving Yekaterinburg, Russia, with only 47. Fireworks filled the sky in Dubai as they exploded out of the Burj Khalifa in front of thousands of smiling faces below when the victory was announced.

UAE selected the theme “Connecting Minds, Creating the Future”, with the sub-themes Sustainability, Mobility, and Opportunity for the Expo 2020. A ring found at a 4,000-years-old archaeological site in the desert in the Al Marmum area of Dubai was the inspiration behind the logo of Dubai expo 2020. The logo was revealed by Sheikh Mohammed and was displayed on the Burj Khalifa. The logo represents the nation’s message to the world that their civilization has deep roots. They were and will always be a pot that gathers civilizations and a Centre for innovation.

Dubai South, close to Al Maktoum International Airport is the Expo site’s area. In total, two square kilometers of the site will form the Expo event area while the remaining land will be dedicated to support facilities such as the Expo 2020 Village, warehousing, logistics, transport, hotels, and a public park. Al Wasl Plaza will be the heart of Expo 2020. There will be a pavilion for each of the main themes – sustainability, mobility, and opportunity. Each participating country will have its own pavilion. The UAE pavilion is being designed by Santiago Calatrava and it features the outline of a falcon. The goal is to complete all construction work a full year before the event is due to take place.

Expo 2020 Dubai will transform the UAE, especially Dubai, into a huge showcase containing the best examples of global products. An event of such magnitude will also bring countless advantages for Dubai, especially for its real estate sector. Five key industries that would greatly benefit from the event are hospitality, retail, transportation, banking, and finance. Expo 2020 will create many business opportunities in Dubai and at least a million indirect jobs throughout the UAE. Most of the jobs will be created in the travel and tourism sector. The event will act as a powerful economic and cultural catalyst for the host country.

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The Legacy plans of the Expo 2020 are “wide-ranging and ambitious”. The key aim is to stimulate the development of a knowledge economy in Dubai, anchored to the Expo site itself, which need to be continued to be a destination that attracts visitors, students and companies and is home to a combination of organizations including strategic industries, specialized technology companies, social entities and education facilities even after the event. A conference and exhibition center will be a key building in the Expo master plan, which will become a major event venue to be operated by the Dubai World Trade Centre. Once the site is fully developed, it is expected to be home to about 1 million residents and 500,000 jobs.

Expo’s efforts to minimize water use also directly contribute to one of the 17 Sustainable Development Goals set by the UN. Expo 2020’s overarching sustainability strategy aims for the event to be a catalyst for change across the nation, the region and around the world. Entire World is looking forward to the most awaiting 2020 Expo UAE. The wait will be worth to watch the interesting developments and progress Expo 2020 UAE is going to bring.

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