Dubai is the lucky city which will host the World Expo 2020. This honour was bestowed upon Dubai by the Bureau International des Expositions (BIE) general assembly in Paris on 27th November 2013. This World Expo will be the first to be held in the Middle East and North Africa (MENA) and South Asia region. This Expo will not only have a significant impact on the world but will also add more than 100,000 jobs, which will be a massive boost for the country.
The Expo will be one of the largest events that have been witnessed in the Arab world. It is estimated that that almost 25 million people will come to Dubai to visit Expo 2020 in between October 2020 and April 2021. The increase in the footfalls will help alleviate the hospitality sector, tourism sector, logistics sector, and assist the economy of the country to shift its focus from the oil and gas sector.
Business Opportunities After the Expo
Every entrepreneur has a dream of coming to Dubai to conduct business, which led the government to create new business opportunities. The news of Dubai hosting the world expo has led to the creation of more jobs, and now the prospect of getting a role in the Middle East has significantly increased. Let's have a look at the various business opportunities that will present itself after the Dubai World Expo 2020 has ended.
The various opportunities that a businessperson can avail after the Expo are:
After the Expo, there may be a decline in the number of visitors as most of the visitors will be coming in for a visit to the expo, but still, there will be a substantial number of tourists which will be regularly coming to UAE due to the various amusement parks and to perform shopping activities. The increase in the numbers of hotels, rich cultural heritage and secure connectivity to the nearby areas will be a critical factor in attracting tourists from all over the world.
There are various Free zones in Dubai which cater specifically to the creative and media sectors. These businesses will focus more on the creative arts like designing, movie making, and any other job, which includes the utilization of mental faculties. The expo will assist in increasing the number of companies in such sector and will provide various facilities to the companies.
The theme of the Expo 20202 is Opportunity, Mobility and Sustainability. In today's world, it is essential for the company to understand the role which the environment plays in our lives and how can companies try to be eco-friendlier. The Expo will try out alternative ways to produce clean energy and obtain fresh food, water and air without hampering the environment. The expo will set up a base for the initialization of the setting up of such companies. There will also be a need for clean energy, food and water as the economy of UAE will grow ten folds.
4.Travel and Tourism
Travel and tourism will play a significant role in improving the situation of the country in the future. As there will be the availability of jobs, more and more people will flock to Dubai. The rich cultural heritage and the secure connectivity to places all over the world will assist the people in increasing the economy of the country.
During the period of the expo, we will see the conclusion of substantial construction projects and the initiations of new and even bigger plans. This will lead to a massive demand for the construction service in the UAE and especially in Dubai. As there will be a vast number of people and the government will also want to diversify the economy, there will be an increase in the creation of new infrastructures.
The expo will result in an increase in the companies coming in, which will increase the chances for the various human resource services. It will be necessary for the companies to avail these services as more and more companies will come to the country and stay back to use the various services provided by the UAE.
The expo will create various other business opportunities also and will also help the economy of the country. If you are looking to set up a company in Dubai, it is the best time for an entrepreneur. If you require a helping hand, “Commitbiz” will assist you in setting up a company in Dubai. They can even help you in the incorporation of a company in the free zone of your choice. The services provided by “Commitbiz” will allow you to focus correctly on your business. For details on the various services, do contact us- we would be happy to help.