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Impact of EXPO 2020 for businesses in Dubai!

Impact of EXPO 2020 for businesses in Dubai!

The Expo is expected to add a significant amount of dirhams to the economy of Dubai and the UAE, although a precise figure is difficult to predict.

According to Jones Day analysts, the event is likely to generate around $23 billion (£14.8 billion) for the emirate, equating to around 24.4 per cent of Dubai’s current gross domestic product between 2015 and 2021.

Furthermore, it is likely to boost the economic growth of the emirate by an average of 6.4 per cent every year from 2014 and 2016 – potentially rising to an enormous 10.5 per cent by 2020. Jones Day came to these figures by calculating the total estimated spend by the government, participants, visitors and general commercial activity related to the event.

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