Dubai Expo 2020: Investment and Opportunity
Spanning six months, Expo 2020 in Dubai will host the world as it shows off the latest innovations within the theme of Connecting Minds, Creating the Future, while celebrating human creativity and ingenuity.
With millions of visitors expected to attend from around the world, Expo 2020 provides unparalleled opportunity for businesses in the region. Not only can businesses showcase their own ideas, innovation and progress, they can also access new and emerging markets, reach new audiences, collaborate with new partners, and potentially earn a share of US$97 billion in new contracts.
From start-ups to international conglomerates, there is opportunity for all to benefit from Expo 2020 and its expansive business possibilities.
What is Expo 2020 exactly? The first World Expo – short for Exposition – was held in London in 1851, named the ‘Great Exhibition of the Works of Industry of All Nations’. Since then, World Expo’s have been held every five years, allowing nations around the world to showcase technological and industrial achievements.
Expo 2020 in Dubai will be the first World Expo to be held in the Middle East, North Africa and South Asia (MENASA) region. Running seven days a week over a six month period, the Expo will offer more than 15 hours of entertainment and 60 live shows each day, with 192 country pavilions and more than 200 restaurants onsite.
With the aim of celebrating culture, collaboration and innovation, the Expo hopes to leave a meaningful and lasting legacy. It will do this by offering a range of experiences – including the Future of Food Festival – and attractions within three thematic districts, packed with world-class architecture and innovative landscapes.
Want to know the important numbers for Expo 2020?
- US$50 billion in direct and indirect investment
- US$8 billion invested in transport and infrastructure projects
- 300,000 new jobs
- 25 million visitors
- 180 exhibiting countries and organisations
- 438 hectare site
- US$97 billion in contracts
- US$23 billion boost to UAE GDP (1)
For some time now, the UAE has offered a welcoming business environment to foreign investment, especially for those looking to innovate. That environment will become all the more inviting, however, thanks to Expo 2020, not only during the Expo itself, but in the lead-up to it – and after the Expo eventually closes its doors.
How could Expo 2020 help your business grow? While countries attending the Expo can use it as an opportunity to develop social, economic, technological, and cultural capabilities, companies are provided the opportunity to show off their latest research and development efforts, or to unveil their new products and systems.
In terms of international organisations, NGOs and foundations, the Expo can provide a platform to demonstrate thought leadership as they connect with countries and communities around the world. Meanwhile, educational centres such as universities can show how they encourage creativity and push boundaries, driving progress and innovation within their students.
As for the development surrounding the Expo, infrastructure is being established not only at the Expo 2020 site, but in the supporting transport links and hotels, as well as residential and commercial property. This is expected to yield US$50 billion in direct and indirect investment, while providing employment for 300,000 people.
This provides opportunity for businesses looking to take on projects that will allow this growth to take place, such as extensions and integration within the current mass transit systems, as well as new roads and intersections around the Expo 2020 site. On top of that, there will be opportunities for new hotels and serviced apartments, as well as longer term rental properties.
Fanning out from there, there will obviously be opportunity for growth within the retail, tourism and hospitality sectors as Dubai sees an influx of millions of visitors over the Expo’s six month run and beyond.
Looking to learn more about your opportunity for investment in Dubai? Call us today to chat to the experts at Fusion.