Expo 2020 an exciting opportunity for businesses in Dubai
What is Dubai Expo 2020 and what does it mean for the region?
Dubai Expo 2020 is a six-month long event featuring trade exhibition, business innovation and products from around the globe from more than 200 expected participants. Expo 2020 Dubai will be the first World Expo to take place in the Middle East, Africa or South Asia. Serving an area with a collective population of nearly 3.2 billion people and a GDP of more than USD 6.5 trillion, this will be the first Expo to be close to home for many who have had no previous access, making an immediate and lasting impact on the lives of an entire region.
The main purpose of hosting such a diverse and innovative event is to strengthen intercultural relations while celebrating global advancement and cultural diversity. Expos are held after a 5-year interval with the previous iterations of the event held in Shanghai in 2010 and Milan in 2015.
But what’s special about this Expo?
Expected to draw 25 million visitors during its six-month course, the Expo will promote Dubai’s status as a truly global city with world-class infrastructure and a hub for global business. The Expo is the first international event of this scale in the region.
As the past shows, a successful Expo can have a significant impact on the host city’s economy. A prime example is the Shanghai Expo in 2010. Held under the theme of Better City, Better Life, it was attended by a record 73 million people and promoted Shanghai as a thriving, global city.
What does the Expo 2020 event entail?
- The Expo site Jebel Ali, is a 438 hectare strip under construction with state of the art photovoltaic fabric structure technology based on solar sensitive cells that will power up the event site
- Participants will be accommodated in the Expo Village which will support more than 2,100 residential units with different recreational and shopping facilities
- The site will host more than 180 country pavilions which will give independent room to each of the participants unlike ever before
- The Al Wasl Plaza will be the heart of the site and the point of convergence for different themes. It will also be the center for opening and closing ceremony of the six-month event
- The event is estimated to generate more than 300,000 new jobs in various sectors relating to construction, tourism and hospitality
What are the advantages of setting up your business in UAE before 2020 Expo?
The reason why the 2020 Dubai Expo has become pivotal for UAE is because it is expected to provide a major boost to the tourism sector – both leisure and MICE (Meetings, Incentives, Conferences & Exhibitions) tourism in the country, while having a positive impact on other areas of the economy as well. The government has predicted an investment of almost USD 7 billion on the infrastructure required for Expo 2020, which will provide a natural push to the employment generation in UAE.
Making sure that your business is setup before the 2020 Expo will give you an advantage on the professional and personal front, as both the commercial & residential real estate prices are expected to go up as we get closer to 2020. Another reason to set up your business with Sakhi Consultants at the earliest is that the UAE Govt. will give its undivided attention to the Expo as it gets closer, which may lead to unexpected delays on certain fronts. Filing for visas and registering licenses may take longer than the average expected time for free zone, mainland or offshore companies. This is where you will need professional help.
How can Sakhi Consultants help you with your business setup needs?
Sakhi Consultants is a premier business setup company focused on helping investors and entrepreneurs get the best company formation solutions in UAE. We can help you transform your corporate vision into reality with the most worthwhile and effective business setup plans. As Dubai Expo closes in, new investments, ideas and ventures have already started pouring in with promising prospects. We can help you secure your company presence through professional consulting and agile company formation services in all zones throughout UAE before the Dubai 2020 Expo.
