World Expo is one of the most impactful global forums after Olympic Games and FIFA World Cup, covering all the non-commercial events. It takes place after every five years for six months, attracting millions of visitors, investors, and businesses around the globe.
All eyes are on World Expo 2020, and who will take on the lead in hosting the upcoming event after Beijing. The Brazil, Turkey, United Arab Emirates, Thailand, and Russia officially bid to host the World Expo 2020. The UAE was bidding under the theme of ‘Connecting Minds, Creating Future’. No Middle Eastern, African, or South East Asian nation has ever hosted World Expo before.
The spectators analyze it as a golden opportunity for UAE to win the confidence of global community of hosting this prestigious event. UAE won the bid and all set to host the World Expo 2020 in Dubai. This was clear apparently after the overwhelming and encouraging statement came from British Prime Minister James Cameron in support of Dubai.
Expo 2020 can reshape the business outlook in UAE and the region creating an impact on wider Middle Eastern domain, the Gulf Cooperation Council (GCC), South Asian and North African region. The infrastructure of Dubai is in a good shape to take the load of millions of visitors for six months. You will witness over whelming response from businesses like logistics, transportation, hospitality, finance & investment, and retail to benefit from Expo 2020 projects. Although the global job market is uncertain, the UAE is stable economically and can facilitate the increased job opportunities that will arise in diverse sectors. Recruitment markets are affirmative for hiring more employees in future.
According to Federal Authority of Human Resources (FAHR), five key economic sectors are estimated to benefit from Expo 2020 in Dubai. If we analyze the report from Talent Enterprise, promising career opportunities will emerge in media & advertising, transportation, retail, banking, finance, real estate, and hospitality for younger Emiratis.
There is no second thought on the economic benefits of Expo 2020 in Dubai, energizing the leisure, hospitality, and retail businesses. The expectation is that almost 20 million more visitors will come for over six months to figure out the investment opportunities. According to experts, there will be indirect effects on the advisory services to cater direct opportunities for building new infrastructure for projects.
Hosting Expo 2020 in Dubai will be beneficial to boost the charisma of the UAE as a base for foreign companies willing to invest in the Middle East pro Expo 2020 projects. According to the CEO of Deloitte Corporate Finance, Expo 2020 will be the significant to give Dubai a prominent position in the world business, considering that still many big conglomerates and giants do not have their operations in the Middle East and have not invested here before. It will be opening of new horizons for new businesses to exploit their opportunities for building a global economic hub.