Expo 2020 Dubai (Expo 2020 or Expo) is an international mega event that will be hosted in Dubai, United Arab Emirates (UAE). It aims to entertain and educate a global audience, celebrate innovation, promote progress and foster cooperation.
EY analysis shows how Expo 2020 is a long – term investment for the UAE, how it is expected to create jobs directly and indirectly and how it is expected to have a significant positive impact on the UAE’s economy now, during, and after the event.
From 2013–31, Expo 2020 and its legacy are likely to contribute AED122.6b gross value added (GVA) to the UAE’s economy. At its peak level of activity (During – Expo), the impact is expected to be equivalent to 1.5 % of the UAE’s annual gross domestic product (GDP).
Expo 2020 and its legacy are also expected to support c.905,200 full-time equivalent (FTE) job-years in the UAE from 2013– 31. This is equivalent to c.49,700 FTE jobs per annum in the UAE.
AED 40.1b is expected to be invested in infrastructure and other assets for Expo 2020. Most of the infrastructure is likely to be retained for future use. Expo 2020 will run from October 2020 to April 2021. Economic impacts will be felt before, during and after these dates.
Expo 2020 is expected to attract 25 million visits and 190 country participants. As an Expo host, the UAE is likely to benefit from improved international profile and reputation.