The World Expo 2020 is expected to be one of the highest-grossing events of its kind ever seen in the UAE, with over 170 nations participating, including the UK, US, Germany, Sweden, Chile and Nigeria, and is all set to boost the UAE's reputation all over the world, enhance economic and cultural growth and, as promised by Dubai, leave a long-lasting legacy.
Expo 2020 will likely lead to GDP growth in Dubai accelerating over the year's approximately 3.5 per cent estimate and a stronger macroeconomic outlook. The Expo 2020 is going to affect the healthcare sector, the hospitality industry, the IT industry, Fashion Industry, and many more. Out of these industries, the tourism industry is one of the massive industry that is going to face a significant change in Expo 2020.
Tourism Industry in the UAE
The UAE continues to rise to the challenge of being labelled as a top global destination in the world- a distinction that wasn’t considered attainable a few short decades ago. From the astonishing Burj Khalifa, the tallest building in the world, to the enchanting natural habitat accommodations of Bani Yas Island, the UAE will continue to be a target of tourists and travellers searching for luxury, relaxation, entertainment and extravagance. Coming towards one of the cities of United Arab Emirates, Dubai, an amalgamation of ultra-modern cosmopolitan lifestyle and ancient Arabian culture, it has plenty to offer. It has everything from adventure activities like hot-air ballooning, skydiving and desert safaris to shopping at state-of-the-art malls and delectable cuisine.
Dubai, as a travel destination, is always regarded as one of the most innovative and attractive travel hubs across the world. The government of Dubai strongly supports and encourages tourism and considers it a fundamental and significant pillar of its economy.
Dubai enjoys a global member as a major destination for both business and shopping, and today contributes some of the world’s leading offerings in hotels, conference centres, entertainment prerequisites, and shopping centres. It has a beneficial location within close flying distance of some of the world’s most dynamic tourism centres, and the emirate also remains a renowned destination for its neighbours in the Gulf countries. This growth is encouraged by attractions including the world’s tallest building, Burj Khalifa; the Dubai Mall; the Al Fahidi district and its museum; and the Dubai Creek.
The loosening of visa procedures has played a key role in attracting more visitors, and visa-facilitation agreements are considered an essential approach in enticing traffic to Dubai. Thus, for some time, the emirate has carried out a visa-on-arrival framework for citizens visiting from certain targeted markets.
How will Dubai Expo 2020 Benefit Tourism Industry?
It is expected that more than 25 million international visitors would visit Dubai for the Expo 2020, and the city is currently getting ready for a great show to present. More than 100,000 hotel rooms would be available for the visitors in Dubai during this event.
Perhaps the most significant sector to benefit from this phenomenal feat is tourism, along with hospitality and real estate. Dubai is already a key tourist destination attracting about 10 million visitors every year. With the hosting of Expo 2020, this figure is anticipated to rise by 25 million.
In order to welcome the largest ever number of global visitors in the history of Expo and to live up to the expectation of its main theme, Dubai has devised a whole lot of ground-breaking plans to boost its tourism sector in accordance with DTCM’s Tourism Vision 2020. This vision is focused on aid processes required to cater to the demands of guests expected to participate in Expo 2020. This will see the Department of Tourism and Commerce Marketing working in collaboration with its tourism partners in government and private sectors to improve the infrastructure through the launching of world-class hospitality, leisure and entertainment establishments.
Apart from the already existing attractions, Dubai is all set to launch several other attractions in the coming year. Here are some amazing things that you would see in the city if you visit Dubai during Expo 2020:
- Deira Islands
- Dubai Water Canal
- Aladdin City
- Al Habtoor City
- Bluewaters Island with Dubai Eye
- Dubai Creek Harbor
- Jewel Creek
- Zombie Park
- Museum of the Future
- Madame Tussauds
Apart from this, Dubai is also set to invest more than US$8 billion in improving infrastructure to host Expo 2020. The airline industry is also expected to be benefited in a significant way. It has established itself as an important contributor to the economy of the UAE, accounting for 15% of national GDP. In the run-up to Expo 2020, Middle Eastern airlines are expected to experience a great rise in business. Approximately 70% of the 25 million predicted visitors to the Dubai Expo are expected to come from other countries. Moreover, the UAE’s expansion in terms of airport capacity and facilities is predicted to show substantial growth and opportunities for the global airline industry.
How can Commitbiz help?
As tourism is the fastest business among every other business. A lot number of people travel over any other activities. The number of visitors is growing more in the UAE because of its multiple aspects. Expo 2020 is going to contribute a major part to raise the visitors as well as the tourism industry. Our company Commitbiz is here to assist you to take advantage of such a major event. Business opportunities are more so many investors are eager to invest in the UAE. Business registration, licensing and legal consulting are some of our services. Contact us to know more about our services and for a hassle-free investment.