How Expo 2020 is powering the UAE’s Economy
Expo 2020 Dubai will officially open its doors on October 1st this year. Among all the excitement surrounding the mega event, one of its much-talked-about aspects is its enormous positive impact on the economies of Dubai and the UAE, which will be felt long after its conclusion on March 31, 2022. This is good news for a country that has been at the forefront of steady recovery from the pandemic.
Key priority sectors, including travel and tourism, digital, retail, hospitality, real estate, and transportation, will immensely benefit from the global gathering. As it is, a significant number of jobs have already been created to support the human resource requirements of the Expo. The event is also seen to spur activities in the domestic foreign exchange and remittance industry, with the expected entry of new foreign investments and capital flows into the local market.
Expo 2020 is one of the first global mega-events to be staged since the outbreak of COVID-19. Millions of visitors from all over the world will turn up to participate in what is referred to as “a six-month celebration of innovation, culture, creativity, and human progress”.