EXPO 2020 Dubai, UAE
“Connecting Minds, Creating the Future”
Be it a computer, telephone, television or Popcorn, major things we interact with today was once an innovation. For 170 years, Expos in World are held every five years & last for six months & have provided a platform to showcase the greatest innovations what have shaped the world we live in today. Expo 2020 will continue that tradition with the latest technology from around the globe. 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. While it was planned to start on 20 October 2020, due to Covid-19 it has postponed to 1 October 2021 – 31 March 2022.
Brief glimpse for the purpose of Expo?
The theme of Expo 2020 is “Connecting Minds, Creating the Future” which says it all. Expo allows countries to connect, explore & find out ways to the solve the global problems & come up with a unique solution for global progress. Expos is a unique and international stage for host country, participants, potential tourists, trade partners and investors. Participants will showcase their innovations around the themes of Sustainability, Mobility & Opportunity.
How can you be a part of this mega event?
Where organizations & 191 Nations are connecting, below are the ways in which you can participate in this event:
Impact & Benefit Analysis.
Expo is expected to create a huge impact on several industries especially Real Estate, Hospitality & Tourism, Banking & Finance. It is expected that up to 25 Million people will visit during these 6 months. Officials claim that at least USD 8 Billion worth infra will be required to build Expo establishment. Dubai’s economy will see a spike with an increase in the hotel business, transportations, communication, catering and facilities required in the making of Expo 2020. From more tourism to more retail to more transportation, the GDP of Dubai will get impacted positively, thus resulting in the overall economic development.
As per the Barclays report, over the next 3 years, Dubai’s GDP will experience a 6.4% growth and by 2021, there will be a 10.5% growth in the GDP. MEED reports, as of now, has anticipated 277,000 jobs opening in the making of Expo 2020, of which, 40% will belong in the tourism, travel and leisure sector & 60 % belong to construction sector.
Understanding the impact, we cannot undermine the potential of UAE & growth of new and existing businesses. Recent government initiative on 100% ownership for investors, 100% tax exemption on personal or corporate income or gains, 100% repatriation of capital and profits makes UAE perfect place for business.