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The hosting of Expo 2020 in Dubai will reshape the way business is being done in the UAE and the region and the spillover of the event will positively impact the Gulf Cooperation Council (GCC) and wider Middle East, North Africa and South Asia region (Menasa), according to experts from global professional services firm Deloitte.
As the first-ever World Expo to be held in the Menasa region, Deloitte analysts say Dubai Expo 2020 will undoubtedly have an impact beyond the borders of Dubai and the UAE.
“While close to US$7 billion [Dh25.7 billion] has reportedly been earmarked for development and infrastructure projects in Dubai so far, and tens of millions of visitors are expected in the first six months, the fact that Dubai is itself strategically located within four hours of a third of the world’s population this Expo has potential for wider impact leading up to the event and afterwards for years to come,? said Mutasem Dajani, Deloitte’s UAE regional managing partner.
Experts say beyond commerce there is also a real human development dimension to the Expo, with investment and job creation expected to benefit the regional economies.