1. 28 November 2013
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Dubai Wins Expo 2020
Dubai has won the Expo 2020, under the theme ‘Connecting Minds, Creating the Future’. Dubai’s
win at Expo 2020 will result in additional economic development, improved infrastructure and a
mass of new employment opportunities along with an even stronger global reputation and new
architectural landmarks. This will offer an enormous lot of opportunities to all industries in the
country as well as in the region. According to the World Bank, the UAE provides the easiest and
quickest way for foreign investors looking to set up a project in the Arab region. In its “Ease of
Starting Business Index” for 2013, the World Bank ranked the UAE 22nd in the world and first in
the Arab region, noting that the second largest Arab economy jumped from the 46th rank in 2012
for its zero tax system regime.
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Dubai’s win at Expo 2020 will pave way to the below.
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The UAE is developing a blueprint for the Trade Centre in Jebel Ali, the proposed site for the
Expo 2020. The total cost of establishing Dubai Expo headquarters is understood to be between
US$2 to US$4 billion. The 438-hectare site will be one of the largest ever used for a World Expo
and will be able to provide for the 247 participants and over 25 million visitors with transport and
pedestrian circulation strategies prepared accordingly.
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Dubai’s Roads and Transport Authority (RTA) has announced that they will fast-track a US$1.36
billion expansion of the Dubai Metro’s Red Line to connect to the Dubai World Central. There are
plans to construct an underground railway system to connect the different pavilions at the expo
site.
The Metro expansion, new Etihad Rail and the infrastructure upgrade will open up previously less
accessible locations for new businesses, retail and residential purposes.
Large scale projects like The World would be complete by 2020 as per the views of its Developer
Nakheel Properties.
Renewed confidence with developers to announce new projects and bring back those projects
back to life which were put on hold during the slow years.
By 2018, Dubai International Airport will have increased its capacity to 90 million passengers a
year from the current 60 million.
Dubai Expo 2020 would support over 277,000 jobs. A total of 77,149 jobs would be created
between 2013 - 2021. The report estimates that 90 per cent of the projected 277,149 employment
opportunities would occur from 2018 to 2021. This will lead to an overall demand in the
residential as well as the retail market.
Intuit Research Team
Intuit Management Consultancy
India Tel: +91 9840708181 Fax: +91 44 42034149
Dubai Tel: +971 4 3518381 Fax: +971 4 3518385
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