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Impact of World Expo 2020 on Dubai Financial Market

28/10/2021

Dubai's name has become synonymous with trade, tourism, innovation & cultural exchange, and its reputation precedes Expo 2020. Dubai, as one of the world's fastest-growing cities, has already set numerous world records and achieved remarkable feats. Furthermore, the city's world-class infrastructure, unique attractions, great hospitality, vibrant culture & business-friendly climate are all important assets that make it a great venue for an event of this magnitude and quality.  In terms of economic & cultural influence, the World Expo comes in third place after the Olympics & the FIFA World Cup. World Expos have a long-term impact on the country that hosts them. Expo 2020 holds even bigger significance as Dubai becomes the first-ever city to host such an extensive international event in the MENA region, making it a long-term investment in the future of the UAE! Meanwhile, even as the city prepares to celebrate human culture & progress for six months, the economic impact of Dubai Expo 2020 is already a cause for celebration! Every day will be different, & it will be an opportunity to create, collaborate, & invent on a global scale.

The World Expo's Potential Impact on Dubai

The non-oil-based economy of Dubai & the UAE is projected to benefit significantly from Expo 2020. Dubai Expo 2020 will necessitate significant investments from the Dubai government in a variety of infrastructure and related projects. Expo 2020 will have a tremendous influence on start-ups and SMEs by exposing them to a worldwide audience. Expo 2020 is planned to attract a total of 25 million visitors, with 17 million of them coming from outside of the country. As a result, it will undoubtedly assist the tourism and hotel businesses during the six months of its existence. The UAE government expects to earn up to $17.7 billion from the Expo if it is a success. According to the Dubai 2040 Urban Master Plan, District 2020 (the Expo site) will become a major economic growth location.

One of the most burning questions around the Expo is whether the benefits of hosting it will last once it is finished. The long-lasting impact is driven by the fact that more than 80% of the Dubai Expo 2020 site will be repurposed, with an emphasis on infrastructure and cutting-edge technologies in four major industries: real estate, education, tourism, and transportation and logistics. When it comes to most industries and market sectors across the UAE, the worldwide event in Dubai will surely produce substantial changes in terms of both possibilities and problems. In the run-up to and after the event, Expo 2020 will present significant prospects for commercial and economic growth in the UAE. There has likely never been a better time to start a business in the UAE, but it is still critical to seek professional advice from a reputable organization. 

Time to Start Your Business by Enlisting the Help of a Reputable Business Setup Consultant in Dubai

If you want to start a business on the mainland in Dubai and trade freely within and beyond the UAE, this is the place to be. We, at ARC Associates, a renowned business setup firm in Dubai, will save you time and money because we are experienced with each stage of the business formation process. We can assist you in setting up a company in Dubai without delay so that you may begin doing business there straight away.

Our team of specialists will walk you through the company formation process, making finding good partners and building your firm on the right activities and market demands. There has never been a great time to Start Your Business in the UAE, with Dubai Expo 2020 and various UAE government measures in place to stimulate business.