Dubai is set to host the prestigious World Expo in 2020, a huge international event that will serve to boost the city’s economy, tourism and hotel industries and further cement Dubai’s status as a global hub of opportunity. Under the theme ‘Connecting Minds, Creating the Future.’, the Emirate is the first in the Middle East to host the Expo. It is poised to bring an estimated 25 million people to the city during the six months of the event and will undoubtedly have a major impact on Dubai’s economy, with the tourism and hotel markets among the top sectors set to profit.
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Preparations are already well underway as Dubai gears up to host the World Expo 2020, which experts say will boost the city’s economy by a staggering $23 billion. The World Expo is a prestigious global event that takes place in a chosen host city every five years. It serves a major meeting point for new technology and ideas, as well a platform for economic, social and sustainable development.
Experts predict the World Expo 2020 will boost Dubai’s economy by $23 billion, amounting to 24.4% of overall GDP. While over 13.2 million people visited Dubai in 2014, officials forecast that 25 million could flock to the city during the six months of the World Expo alone, providing a massive boost to the city’s tourism and hotel industry.
The official site for the World Expo 2020 pavilion will be the new Dubai Trade Center, a 438 hectare development in Jebel Ali, that has been specially designed for the event. It will be located just a few minutes from the new Al Maktoum International Airport and in equal distance between Dubai and Abu Dhabi. The pavilion is also in close proximity to established areas such as TECOM, Dubai Sports City and Dubai Marina, all of which are home to The First Group’s numerous hotel developments, including the latest offerings, Wyndham Dubai Marina and TRYP by Wyndham. In addition, Dubai’s World Expo pavilion has been designed with sustainability in mind, and will be capable of producing enough solar power to support 50% of its power needs.
The fast-growing community of Jumeirah Village is just a short drive from the Dubai World Expo site and what is set to become the world’s largest airport, Al Maktoum International, Jumeirah Village lies at the heart of New Dubai. The First Group have exclusive opportunities to invest in this region where investors will take full advantage of the high demand for hotel accommodation.