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Expecting Economic Boom In Dubai

Economic Boom In Dubai

Finally, Dubai is sitting top after winning the right to host the World Expo 2020 competing with Brazil, Russia and Turkey. Sanctioned by the Bureau of International Expositions and among the five cities that bid, Dubai made it in the end. There is little doubt that Dubai Expo 2020 put the economy of Emirates on a high. And Dubai has bagged its status as the first destination in Middle East to host the event. Dubai celebrated its winning in the Expo 2020 with exceptional fireworks at the Burj Khalifa, the world’s tallest building and a nationwide holiday declaration for all educational institutions. And the world’s tallest commercial building to be built in Jumeirah Lake Towers been given the name, Burj 2020 in commemoration with Dubai hosting the world fair. It’s certainly going to make big transformation in Dubai and the Emirates.

The exposition conducted all through the years did stick on to a universal theme. This time UAE has chosen the theme “Connecting Minds, Creating the Future” with the sub themes Sustainability, Mobility and Opportunity. At the outset, Expo 2020 is expected to bring in plenty of employment opportunities in UAE. Also, Dubai anticipates a big flow of investors, business men and people from all walks of life which would amount to a minimum of 25 million visitors and up to 100 million during the conduct of Expo 2020.

To explain the benefits, being heavily invested in infrastructure, Information and Communications Technology, in particular can drive big industrial players to Dubai. The Expo 2020 is expected to provide a big basis for expanding businesses from local to international as well. And also the existing infrastructural facilities act as a catalyst to encourage big telecommunications companies to invest in Middle East to benefit from the fastest growing market. Thanks to the smartphone and tablet penetration during the last decades, information and communications technology market has grown considerably in UAE and the resources are pretty huge. And Expo 2020, is a big leap for economic advancement not just for Dubai, but for UAE as a whole.

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