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Dubai expo 2020
Definition:
Bureau of International Expositions (BIE) manage the expo after each years. It is business platform where different business show their product and services for the suck of introduction and attracting more business. Expo stands for exposition. United Arab Emirates win the bid of expo 2020, from turkey, Russia and Brazil. It is expected that expo 2020 will open new business windows for the Dubai.
History:
The concept of expo started in 1851 from England. The idea of this expo was two shows the progress of science and technology to the world. It was types of a business exhibition. This expo shows the rapid changes in technology over twenty years. The number of countries was not defined at that time; however millions of people from all over the world participate in the business exhibition. This exhibition was placed in crystal palace London. In expo 2020 five countries participate in which one country withdraw before the biding. One hundred and sixty countries participate in the bid. Finally Dubai wins the bidding. This expo is taken place each after five years in different countries. The latest expo is in process in Italy Milano.
Description:
It is festival of human ingenuity. It is expected that this expo will be visited 25 million time. Millions of people will visit the Dubai from 20 October 2020 to 10th of April 2021. The basic theme of Dubai expo 2020 is “connecting mind”. More than 70% visitors will come out side from the Dubai. It is expected that it will be the largest business event on the earth visited by number of people. The Expo site covers a total of 4.38 square kilometres, including a 200 hectare gated area. It is located within the Dubai South District, adjacent to Al MAKTOUM International Airport. This is also platform to show the social and culture of different part of the world. There is basic three point of Dubai expo 2020
· Sustainability: lasting sources of energy and water
· Mobility: smart system of logistic and transportation
· Opportunity: new pat h of economic development
Effect:
Expo brings the millions of jobs and business opportunity in the hosting venue. Since Dubai win the biding of expo 2020, many investors and skills person are attracting towards Dubai. It is experience that Dubai economy is heading towards the positive direction after the winning Dubai expo 2020 bid.
Advantage
· It will attract more than 20 million tourist, investors and skilled person
· Dubai expo will create more than three million jobs opportunity
· The economy of Dubai will experience the new economic ear
· Exposure of economy will large
· Many sectors will grow with double digit growth including, travel and tourism , construction, hotels and restaurant, airline industry
UAE personal element:
Dubai is winning city of Dubai expo 2020. The invested a high amount on the event to get back the return in term of business and development. There is growth in business especially in property, tourism, banking sector, shipping and logistics. The world's tallest commercial tower to be built in Dubai, in Jumeirah Lake Towers, was given the name "Burj 2020" in honour of the World Expo 2020.
Conclusion:
It is first ever expo being host in MENA countries. There is positive impact on economy of UAE, especially Dubai. Before the bid, there was down word trend in the economy. After winning the Dubai expo 2020, Dubai economy is experience the positive trend. Now it is called the financial capital of United Arab Emirates.
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