Chetan Suri
<h1> </h1> <p>Industry exhibition EXPO 2020 will be the first international event of this scale in the Middle East. The authorities of UAE have assured that they will take maximum efforts to organize the exhibition at the highest level.</p> <p>Analyst reports says event will boost GDP by 5%; will be 'bigger and better' than the Expo in Milan.</p> <p>While Expo 2020 is expected to cost $9.4bn to stage, almost double the investment of Milan Expo 2015, we see it as an overall positive stimulus to the economy.</p> <h1>Prospects and Advantages</h1> <p>It's well known that such international event can give a powerful push to development of the region where it is held. The exhibition may possess significant impact on many economic sectors of the UAE such as </p> <ul style="list-style-type:circle"> <li><strong>Increase Inflow of investment capital</strong></li> </ul> <p style="margin-left:.5in">Expo will help in increasing the interest of foreign entrepreneurs to the venue of the exhibition, which will consequently increase inflow of investment capital.</p> <ul style="list-style-type:circle"> <li><strong>Sharp rise in Real estate</strong></li> </ul> <p style="margin-left:.5in">Experts have noticed that Emirates will witness a clear trend of growth in real estate prices. Eventually, in the coming years a significant rise is expected in the value of residential and commercial real estate in UAE.</p> <ul style="list-style-type:circle"> <li><strong>Transport infrastructure will shift to an absolutely new level</strong>.</li> <li><strong>Construction of new hotel complexes and appropriate tourist infrastructure.</strong></li> </ul> <p style="margin-left:.5in">According to forecasts by international analysts, during the event more than 25 million tourists will visit the UAE which will boosts the tourism and hospitality sector.</p> <ul style="list-style-type:circle"> <li><strong>Effective trading channels</strong></li> </ul> <p style="margin-left:.5in">Significant increase in trading channels with the markets of Asia and Africa will be established, which will enable the escalation of volume of import & re-export.</p> <p><strong><span style="font-size:16px">The United Arab Emirates – is a relatively young country, which in 2021 will celebrate its 50th anniversary. The United Arab Emirates authorities express full confidence that transformation of Dubai by 2020 will be a triumph of innovation, creativity and collective unity of all peoples working on this planet.</span></strong></p>
Dubai Expo 2020 forecast to add $23.4bn to UAE's GDP