DUBAI - The United Arab Emirates started October 20 the celebrations of the countdown for Expo 2020.
One more year to go and the event under the banner of ‘Connecting Minds, creating the Future’ will receive the giant companies of the latest technologies. The world will live in Dubai for six months, inspiring people, opening horizons, and unraveling the cocoons in which many youngsters dwell and seek to free themselves and usher into the remarkable world of business and entrepreneurship.
World fairs provide immense opportunities for countries that participate in such events, with the host nation being among the biggest beneficiaries.
Such exhibitions are meant to allow states to showcase their achievements, in addition to exchanging ideas concerning cultures, technology, and industry.
In November 2013, the Bureau International des Expositions (BIE) awarded Dubai the right to host the World Expo that is scheduled to take place on October 2020.
Since then, there have been significant developments in Dubai and which are meant to enable the city to host the event successfully.
The Expo 2020 is beneficial to Dubai, the UAE, and the globe in its entirety as the event will provide profound opportunities for states to understand how they can pursue technological advancements while also promoting sustainability.
Dubai has always been keen on following the steps of successful ventures that turn in some lucrative revenues. World Expo is normally conducted to create marketing awareness, lure investment and accelerate the host’s economic development.
Considering the fact that recent World Expos in Shanghai (2010) and Milan (2015) were accompanied with positive effects and remarkable growth in the hotel industry, World Expo 2020 in Dubai would have a positive impact on the city’s hotel industry.
Approximately 25 million investors from the 192 exhibiting countries and international organizations are expected to seek temporary residence in Dubai during the 6 months of the Expo 2020, which will nourish the hotel industry.
All economic sectors will probably reap some of the windfalls of the great event in one way or another. It has been reported that Dubai targets a 3.8% growth in Expo 2020.
The countdown started on October 20, 2019, with the date representing precisely one year to the time when the fair is expected to begin.
Celebrations in Dubai, as well as in other parts of the UAE, began at 5 pm, with various artists entertaining the guests.
American singer, Mariah Carey, was one of the key performers at this event, and she entertained people alongside other musicians, including Emirati singer Hussain Al Jasmi.
The event took place near the Burj Khalifa, the world’s tallest building. The celebrations were a significant part of Dubai’s efforts to host the expo.
Expo 2020 offers profound opportunities and benefits to Dubai, the UAE, and the world at large.
For example, it is expected that the preparations of the fair will help to create hundreds of thousands of new jobs in the UAE, in addition to contributing to up to $40 billion to the country’s economy, according to some analyses.
The UAE is also expected to receive millions of visitors during the expo, translating into significant benefits for the nation’s tourism sector.
At least 192 countries are expected to participate in the fair, showcasing at least 60 shows every day for the six months when the expo will take place. The benefits of the event to the economy of Dubai and the UAE are therefore substantial.
Countries from different parts of the globe are also expected to benefit from Expo 2020. Participants will, for instance, be able to exchange ideas regarding the development and use of state-of-the-art technologies, as well as the design of modern architecture.
The event will also allow states and individuals to learn more about other cultures, in addition to fostering international relations. Such connections are essential in helping nations to form partnerships that are crucial to global trade and the pursuance of foreign policy.
In line with the expo’s theme, it is expected that countries will learn more about how they can use contemporary technologies without adversely impacting the environment. An understanding of how the event will benefit participants is for that reason paramount.