Dubai is gearing up for the much anticipated and awaited event of the century the Dubai Expo 2020. There has been lot of expectations and assumptions going on in the market. The Dubai Expo 2020 is directly impacting the economy in 2015 well before its commencement. However, the preparatory committee has a different view on the mega event. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Preparatory Higher Committee made it clear that the key focus of the expo would be to leave a strong legacy of economy in Dubai. They expect it to be beneficial for both the investors and the participants.
The committee has not commented on the legacy or the procedure to be followed for that. However, the intentions are pretty clear. The physical assets developed on the site of The Dubai Expo 2020 may be reused for other purpose as the legacy. It will be a great boost for the economy and the business of the Dubai. However, consideration and discussion are still going on the same.
The Dubai Expo 2020 is becoming a strong wave of economic boost. It has previously invited the local and the global investors and entrepreneurs to participate in the mega global event. It would be an ideal opportunity for everyone to make a financial statement. The predictions have assumed that this will make a new chapter in the history of Dubai. The analysts have predicted at least 25 million visitors in the Dubai Expo and 17 million of them are expected to be from overseas.
If a fair statement about Dubai Expo has to be made, then it should be made on numbers and figures. It is expected to generate $18.7 Billion of revenue from the Dubai Expo 2020 by 2021. On the other hand, it needs an investment of roughly around $8 billion. It is expected to create at least 250,000 jobs in Dubai itself in the coming years. It will be a milestone and game changer for the local economy.