Thursday, April 24, 2014
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Dubai most-preferred city to host World Expo 2020

Among the competing cities, Dubai is best-positioned candidate city to host the global World Expo 2020, it has emerged.


The latest survey by Alliance Business Centres Network (ABCN) indicates that among all participants, 57 percent of the 570 executives voted favouring Dubai, while 18 percent voted for Russia Yekaterinburg as the best choice.


Brazil’s Sao Paulo scored 14 percent of total votes and Turkey’s Izmir lagged behind with 11 percent. The winner of the bid is likely to be announced by end of November.


If successful, Dubai could potentially draw 25million visitors to the event, which could last up to six months, and would be the first Middle Eastern city to host the large exhibition.


Several factors contributed to Dubai’s popularity as the destination choice in the survey. About 35 percent of participants voted for city’s openness and cultural diversity as main reasons for qualifying to host the Expo, followed by the emirate’s strategic positioning as central tourism and trade hub, and its world-class infrastructure and political and social stability, all scoring nearly 20 percent each.


The survey included 1000 Managers from ABCN international network spread across 28 countries in Europe, Asia, Americas and Australia, including three competing nations.


The emirate would benefit economically and socially from hosting the Expo due to high expectations of multi-billion-dollar project launches. Nearly 45 percent of executives surveyed agreed that they anticipate new opportunities for growth and potential of setting up a business in Dubai, if the bid ended in success.


It is hoped that Expo 2020 would add Dh.139bn by way of revenues to the UAE and create 277,000 jobs between 2013 and 2021, according to recent study by the UK-based consultancy, Oxford Economics. The impact of this prosperity is likely to trickle down to other parts of MENA region too.


The survey results clearly indicate Dubai’s unique position on the world map, given, its cultural and business openness and diversity. These pillars are guiding principles that fuelled the emirate to its current position of economic strength and social stability, creating a range of investment and employment opportunities for people across the world, said Kamel, President of ABCN – MENA region.


Posted on 2/10/2013

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