Expo 2020

Expo 2020, A game-changing opportunity for business investors and entrepreneurs Ever since its inception, world expos have always remained to be an ideal platform to exhibit or explore ideas and innovations. With Expo 2020 just around the corner, Dubai is all geared up for hosting the country’s most spectacular event. Some massive infrastructure developments have already started appearing and investment opportunities are emerging across the city. This much-anticipated event will start on 20 October 2020 and continue till 10 April 2021. It is the first of its kind to be held in the MENASA (Middle East, North Africa, and South Asia) and GCC region. What makes Expo 2020 so special and how it can benefit your business? Contributes to the economy’s growth This prestigious event will have a positive impact on the country’s economy by attracting millions of visitors and generating business opportunities in various sectors. According to a report by Ernst and Young, Expo 2020 is expected to contribute around Dh122 billion to the UAE’s economy. It is also anticipated to contribute 1.5 per cent growth of the country’s GDP. Attracts foreign direct investment Expo 2020 Dubai will help boost the position of Dubai and the UAE as a global investment destination. Business delegates, decision makers, and tourists from around 192 countries will visit Dubai during the six months. This will expose them to the commercial opportunities in Dubai and the rest of the UAE, which in turn attract foreign direct investment opportunities. Acts as a catalyst for business growth In terms of the number of visitors and exposure, Expo 2020 is an excellent opportunity for entrepreneurs and investors. Another significant aspect is that this event’s timing will coincide with the UAE economy’s growth cycle, therefore, it can act as a catalyst for business growth. From the past 18 months, the economy was quite sluggish, but Expo 2020 will become a path to recovery. Cutting-edge infrastructure and technological developments During the event, the city will witness cutting-edge infrastructure developments whether it is road or rail network extensions, and airport capacity expansion for accommodating maximum visitors. The Expo site, covering 4.38 square km, will be called as ‘District 2020’ after the event. It will feature office and residential space, cultural attractions, parks and leisure amenities. Also, Dubai will become the early adopters of 5G technology in the Middle East, Africa and South Asia (MEASA) region to offer a seamless digital experience for visitors. Any improvements to the infrastructure of a city is certainly a boost for all businesses. For instance infrastructure projects comprising office space can bring down the cost of the rental. Therefore, if you are planning to start a new business, or move your existing operations in Dubai, the next few months are the best time. Expo 2020 will boost your brand on the global stage as well as help you make lasting business connections. Corpin Consultants offer expert consulting and advisory services for setting up your business in the UAE’s offshore, mainland, or free zones. To know more about our services, call +971 55 843 2911 or drop an email to info@corpinconsultants.com.