Most notably, the tourist flow, the real estate boom, and the increase in non-oil trade
6 main gains that the UAE economy derives from “Expo 2020 Dubai”
The exhibition is expected to receive more than 25 million visits from inside and outside the UAE.
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Mohamed Helmy: “Expo 2020 is a fertile ground for unlimited partnership opportunities for companies in all fields.”
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Financial expert and tax agent, Mohamed Helmy, said that "it is expected that the organization of (Expo 2020 Dubai), next October, will reflect on the UAE economy, through six basic benefits and advantages."
Helmy added, to "Emirates Today", that the postponement of organizing the exhibition until this year, instead of last year, due to the repercussions of "Corona", was necessary to spare visitors and participants of the exhibition from being exposed to the risk of injury, which reflects the state's balanced and aware vision towards local community issues. and international, both.
And he indicated that despite the difficulties of closures and economic stagnation during 2020 and 2021, the UAE is moving on a confident path towards the future, the most important of which was formed by reaching the date of organizing the exhibition next October, as the UAE and its leadership are working wholeheartedly to overcome difficulties and ensure success and impact This world fair.
6 months
Over the course of six months, the exhibition is expected to receive more than 25 million visits from inside and outside the UAE, enabling them to learn about the latest global innovations in various fields that serve humanity, and to live an exceptional experience of cultural and human interaction.
Helmy said that (Expo 2020) will have very important effects in the wheel of the economy, most notably:
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Increasing the value of non-oil trade, as the UAE occupies a leading position globally and regionally in commodity trade, and ranks third in the world in re-exports, and first in the Arab world, and among the list of the most important 20 exporting countries globally, and also among the list of the most important 20 countries in global imports. According to reports issued by the Ministry of Economy, it is expected to rise in an unprecedented way this year, with the support of "Expo 2020 Dubai".
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Improving transportation and infrastructure services, and increasing opportunities for modernity and luxury through various initiatives and projects, which would put Dubai on the global map as one of the smart cities, which is considered an attractive investment and tourism interface.
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Expo 2020 is a fertile ground for unlimited partnership opportunities for companies in all fields, as the exhibition is a great attraction for investors and business leaders from all over the world, in search of new discoveries and ideas.
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Tourism: Although Dubai is already a source of attraction for tourists from all over the world, Expo 2020 will actually increase the number of arrivals.
It is expected that new hotel rooms will enter the market during the coming period, to meet the high demand during the exhibition period.
The hotel sector in Dubai is gradually recovering since many international airlines resumed their flights to and from the country's airports, in addition to the expansion of domestic tourism activity.
Dubai is one of the safest cities in the world, due to its implementation of a set of precautionary and preventive measures, to ensure the health and safety of its guests and tourists at every stage of their travel journey, from the time they set foot on its land until departure.
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The economic gains that are expected to result from hosting the “Expo 2020” exhibition are at the forefront of the gains that will be achieved by the UAE, and given the large number of visitors, the tourism and travel sector in the country will witness remarkable developments, which will lead to the transformation of the UAE into An attractive international tourist pole, as for the first time in the history of the Expo, the proportion of arrivals from abroad will reach 70% of the total visitors to the exhibition.
This important shift will include all sectors related to tourism and travel.
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Real estate: The real estate market will witness a noticeable increase, with the reception of visitors to this event, attention is directed towards Dubai at the present time.
There is a tangible demand for villas, luxury units and waterfront properties, and there will be a significant recovery for the sector before (Expo), and the sector will record strong indicators.
Economic, cultural and technical implications
The financial expert and tax agent, Mohamed Helmy, said that “organizing this global event has several important economic, cultural and technical repercussions, especially that Dubai’s hosting of the exhibition bore a title with future prospects, with the slogan “Connecting Minds and Making the Future”, which means addressing the present and future of mankind. It consists of three axes, sustainability, transport and opportunities, which constitute the main foundations for sustainable development.” He added that several infrastructure projects have been implemented in Dubai and the UAE, in preparation for providing the best services to visitors, according to the highest standards of internationally approved services.
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