INSIGHTS & TIPS
Post-Expo 2020
27th May 2021
Introducing
Expo is an exhibition where participants from different countries can show the world their best inventions in various spheres such as science, technology, industry and art.
The history showed how some of the exhibits changed our lives. The first mobile phone presented in the 1970 Osaka World’s Fair became a base of what we call smartphones today.
In 2013, Dubai won the right to host Expo 2020 and the exhibition site was placed between Dubai and Abu Dhabi. The initial dates for the event were October 2020 to April 2021, but due to the coronavirus pandemic it was decided to postpone the exhibition to October 1, 2021. It will last six months and end on March 31, 2022.
According to the official Expo 2020 website, there are a total of 57 countries participating and for the first time in World Expo history every country will have its own pavilion.
Postponement
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The ongoing global pandemic of COVID-19, which started in March 2020, stops or postponing events around the world and Expo 2020 is no exception. On May 4, 2020, it was stated on the official website of the expo that the start of the world exhibition in Dubai was postponed.
“We welcome the decision of BIE Member States to support the delay of Expo 2020 by one year” – said Sheikh Ahmed bin Saeed Al Maktoum, the chairman of the Expo 2020 Committee. In April 2020, Bureau International des Expositions Member States voted for postponing the global event for next year.
Expo 2020 will start on October 2021 and will retain its name, according to the organizing committee. The main theme of the exhibition "Connecting Minds, Creating the Future" will also remain the same. It is expected that the World Expo will welcome 192 countries, different business and educational organizations, the official website said.
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How Will Expo Impact
Dubai’s Economy?
Expo is an important event for any hosting country. The World Expo in Dubai is the first one of its kind in the MEASA region (Middle East, Africa and South Asia), according to the official website of the event. Based on a report of consultancy company Ernst & Young, the impact of Expo on Dubai’s economy should be divided into three periods – pre-Expo, during the Expo and its legacy in the next decade. It’s estimated that the exhibition will contribute approximately AED 122.6 billion (USD 33.3 billion) to Emirates’ economy during those periods.
The pre-Expo period covers the time from 2013 when Dubai won the right to host the World Expo and to 2021 when the event will take place. The biggest sphere that will impact Dubai's economy is the construction sector with site preparation and facilities and infrastructure development. Events organization, business services, transport and communication also contribute a lot to the general value of the Expo. An estimated AED 37.7 billion (USD 10.2 billion) will be impacted on the country's economy during the pre-Expo period.
The economic impact during the Expo will mainly come from the forecasted 25 million visitors. Entry tickets, merchandise spending, food and beverage purchases, hotel, local transport and aviation will contribute the most since those are the basic expenses of the visitors. The Expo period will have an estimated impact of AED 22.7 (USD 6.18 billion).
The legacy period covers May 2022 to December 2032 period. During that time the Expo 2020 site is going to be changed into District 2020, a mixed-use development. It is planned to expand it to a large city that will support such industries as travel and tourism, transport, construction and real estate. The total impact of that period of time is an estimated AED 62.2 billion (USD 16.9 billion).
It is important to understand what kind of impact Expo 2020 could have on Dubai’s economy because not so many World Expos succeed before. For example, the Milan Expo in 2015 is considered to be one of the most controversial in Europe due to different public protests over the costs, bribery investigations, construction delays and many more.
Activities To Do in Expo
In addition to all pavilions at Expo 2020, there will also be different activities for both adults and kids or all together. Street festivals, parades, stage shows, music concerts and even opera nights at Al Wasl Opera. The visual arts exhibit will be a place for leading artists across the globe. Due to the world pandemic of coronavirus, there might be some changes in attractions, depending on the situation.
Visitors will be able to taste different types of food during the exhibition. One of the key parts is a Multi-sensory restaurant that allows its newcomers to taste food that was made with innovative technologies. The Terra - The Sustainability Pavilion offers a menu that can manage limited food resources. Along with the mentioned food exhibits, there will be over 200 food outlets on the territory of the Expo. Expo 2020 is a place for architectural diversity. Visitors can take tours to learn about designs, pavilions and architecture within the exhibition territory.
Another feature is that World Expo guests will be able to experience a view from the top of the observation tower. The visitors with children can attend playgrounds made specifically for kids to play. Interactive exhibits, workshops and other activities are made for a fun and educational time-spending.
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