December 20, 2016
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UAE in the Spotlight for Expo Dubai 2020

The UAE enters the global spotlight as it won the right to host the Expo Dubai 2020, a chance for the country to celebrate technological advancements with the world.

The UAE is also the first Middle Eastern country to host the universal scale registered exposition, beating out Turkey, Brazil, and Russia for the bid to hose. With this expo, the UAE moves forward from its image as simply a “country that produces oil” to one that champions global transformation in terms of technology, trade, and sustainability.

A Promise to Astonish the World

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The Ruler of Dubai has promised that in Expo 2020, Dubai will “astonish the world”. The preparation and staging of the world expo will give 277,000 new jobs in the country, inject almost $40 billion (or almost 147 billion AED) into the UAE economy, and expect visitors to the country from approximately 25 to 100 million.

The world fair provides an interesting challenge to the people of the UAE. It’s for logistical problems like this that they have the largest laboratory in the region, which can readily research new materials and technologies for the construction the infrastructure needed for the expo, according to Hussain Nasser Lootah, Director General of Dubai Municipality.

The Expo 2020’s main site will be a 438-hectare (1083 acres) location midway between Dubai and Abu Dhabi. The venue’s design (courtesy of the American firm HOK) revolves around a central plaza, titled As Wasl (meaning “connection”), and enclosed by three large pavilions. Each pavilion will be dedicated to a sub-theme of the entire event’s overall theme of “Connecting Minds, Creating the Future”.

The preparation for the Expo 2020 has prompted the government and private sectors to act on opportunities to improve the country’s infrastructure and land, and keep its citizens engaged with global issues.  The world expo also provides the starting point for new talents and industries to revitalize the UAE development scheme, especially in urban areas.

The Preparation for Expo 2020

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The UAE has spearheaded a wide array of projects in preparation for the Expo 2020. These are the three key areas in progress:

1. Site development and preparation – The development of the 4.38-square-kilometer area in the south district of Dubai began in September last year. In May earlier this year, the Master Plan for the Expo 2020 has been revealed during the Arab Media Forum.

2. Development of a global collaborative platform – Among the highlights of the preparation for the Expo 2020 are the BusinessConnect sessions. Eleven topics have been covered so far and more than 2,000 business representatives have made contact with the Engagement Team.

3. Commercial partnerships – More than 8,000 local and global companies are registered on the Expo 2020 portal, but the number is expected to rise in the following years leading up to the Exp. There are also three premier partnerships announced, which are comprised of Emirates Airline, Etisalat, and DP World.

Molded by Development

The UAE is already a melting pot of cultures and races which make it a fitting venue for the expo. This diversity in the population is the reason why both the government and private sectors are investing in different financial assets to cater to the citizens and immigrants living in the emirates.

The UAE is home to a society with strong purchasing power so investors have no hesitation in expanding and contributing their ventures to the economic field. With the Expo 2020, financial experts expect the country’s GDP to increase by 25% in the next few years. The strategic convergence of interests from different sectors is also expected to become more frequent as we move forward to 2020. The Expo 2020 is expected to set the stage for further technological advancement in the UAE.