An ‘Expo dividend’ from the largest event ever to be held in the Arab World will spur economic growth and support jobs for years to come.
Expo 2020 Dubai’s long-term investment in the future will boost the nation’s economy by AED122.6 billion, an independent report published by global consultancy EY shows.
From November 2013 – when Dubai won the bid to host the Expo – until its opening in October 2020, the economic impetus will be driven by the construction sector, as work continues on building the site and supporting infrastructure such as roads, bridges, and the Dubai Metro Route 2020 line.
Crucially,
small and medium enterprises, a core component of the UAE economy, will receive
AED4.7 billion in investment during the pre-Expo phase, in line with Expo
2020’s goal to foster innovation and support small businesses.
As part of its legacy, Expo intends to contribute to new business generation, GDP growth, and job creation across the region to support a sustainable, resilient and diversified economy; a key outcome of UAE Vision 2021, a set of national priorities to mark the country’s Golden Jubilee.
