The UAE's investment in Expo 2020 Dubai will generate an economic return of AED 122.6 billion from 2013 to 2031, according to an independent study published by Ernst & Young. Supports job opportunities totaling 905,200 years during the same period, explaining that the work year is defined as a full-time job opportunity for one person for one year, used to describe the impact of projects on career opportunities.
The study pointed out that during the six months of Expo 2020 Dubai, the event is expected to contribute up to 1.5% of the UAE's GDP.
Economic impact
The study confirmed that the investment in the construction of the site «Expo Dubai», hosting the international event and events, in addition to the services and goods provided to millions of visitors, and the work of the institutions that will operate the site in the legacy phase, will all have a positive economic impact beneficial to all institutions, both small and large, This will take place over a number of economic sectors for years to come.
Small businesses
The Ernst & Young study showed that from November 2013 (the date of Dubai's bid to host the Expo), until the opening of the upcoming international event on 20 October next year, construction and infrastructure work will lead the economic impact of Expo 2020, noting that small businesses Middle East, which is a core component of the UAE economy, will receive AED 4.7 billion during the preparation phase of the exhibition, which will support 12,600 years of work, in line with Expo 2020 Dubai's goal of supporting SMEs.
Visitor Spending
During the six months of Expo 2020, visitors' spending on tickets, goods, food, drink, hotels and travel will help drive the economy in a positive direction. Expo 2020 Dubai is expected to attract 25 million visits, with 70% Visitors from outside the UAE will offer the hospitality industry an unparalleled opportunity to showcase to the world what the UAE has.
Inheritance projects
The study added that the positive impact of Expo 2020 Dubai will continue for many years after the conclusion of its activities in April 2021, thanks to the legacy projects that will transform the site of the international event to «District 2020», which will be an integrated urban community for work and housing, including the Dubai Center For exhibitions.
Diversified economy
The Expo 2020 Dubai study will help create new business opportunities, grow GDP and create jobs across the region to support a diversified and sustainable economy within the UAE Vision 2021, which sets the UAE's goals when it comes to Celebrating her Golden Jubilee.
1.5%
The exhibition's contribution to the country's GDP during 6 months.
4.7
SMEs spent in the SME sector from 2013 to 2020.