The wait is finally over !! On 1st October 2021 UAE carved a niche in the global community with the dawn of the Dubai Expo 2020.Through a majestic and spell binding inauguration , the world will witness the doors open to a six month spectacular journey which will be a celebration of human mastery and accomplishment. Dubai- a city which carries forward the vision of a legacy has left no stone unturned in paving the way to furnish one of the worlds most awaited and sustainable expositions of all time.
EXPO & ITS IMPORTANCE
Expos are global events where countries from all over the world meet on a single platform to experience the best of art, technology, culture, Innovation ,science and invention. Dubai will showcase all its potential and developments in various sectors during the Expo and this will prove to be beneficial to all in the UAE in the years to come. An expo which links Middle East, North Africa and Asia is one of its kind and this is exactly what entrepreneurs need to set up their own company utilizing the economic boost provided by the Dubai Expo. Official website www.expo2020dubai.ae.
Dubai Expo provides unprecedented opportunities to increase and support small projects, and enhance their success and opportunities in marketing around the world. It also supports entrepreneurs and allows them to expand significantly and enter into new investments and partnerships.
DUBAI EXPO, A BOON TO THE VARIOUS SECTORS OF THE ECONOMY
1. Travel and Tourism
The UAE’s tourism sector is poised for a big boom in the next six months as Dubai welcomes the world to Dubai Expo. The boom in tourism is evident from the high reservation rates and many hotels say they have bounced back to the pre-pandemic rates. Dubai Expo is expected to attract 25 million tourists over the next year. The Department of Tourism and Commerce Marketing (DTCM) will be putting on a attractions to magnify tourism.
2. Infrastructure and Expo investment
Different Sources reveal that USD 8 billion has been invested by Dubai for the Expo. Facts forecast that potential revenue will be double the investment amount. It is forecasted that the event will contribute nearly USD 33 billion to the economy by 2031.
3. Real Estate Industry
Dubai Expo will fuel the Emirates real estate market and also positivity in the market. The Expo site and the surrounding areas are being built up fast with metro links, new roads, a new airport and new buildings coming up at an accelerated pace.
Dubai Urban Master Plan 2040 has been unveiled with the aim of transforming the emirate and creating a truly interconnected, people-led city that balances community with tourism and modernity with heritage and nature. District 2020 will provide to be a hot spot for economic growth, exhibition and tourism. This vision will totally change the face of Dubai on the world map and the development in infrastructure and construction to benefit Dubai for years to come.
HOW CAN NEX HELP YOUR BUSINESS
Are you looking to expand your business or setup a new company in Dubai ? Are you looking for areas to inspire and spark new ideas ? This is where NEX can prove to be your supporting collaborator to assist you in achieving your vision. We are a team of experienced professionals who can offer young entrepreneurs wings to fly their dreams. Our services include company registrations, handling trade license applications, assistance in opening corporate bank accounts, visa and immigration services and advice you on the most appropriate financial institution that suits your specific needs. We handle all government formalities, permissions and work permits required to trade in UAE. In short, We take care of all your admin regarding your company while you sit back hassle free to get on with your business. This is the ideal time for you to consider your business expansion to Dubai and Real Estate Investments. Good luck to all the aspiring minds.