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TUESDAY, APRIL 16, 2019

TION - TOMORR RO R OW’ W’S NEWS NE N E EW WS W S TODAY DIGITAL EDITION TOMORROW’S

•DUBAI •LONDON

EXPO 2020 TO FUEL UAE

ECONOMY

A study conducted by EY reveals that Expo 2020 Dubai to contribute AED122.6 billion to the UAE economy. To date, 190 nations have conϔirmed their participation in Expo 2020. Organisers expect to record 25 million visits between 20th October 2020 and 10th April 2021, with 70 percent of visitors projected to come from outside the UAE – the highest proportion of international visitors in the 168-year history of World Expos

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xpo 2020 Dubai and its legacy are expected to contribute AED122.6 billion of gross value added, GVA, to the UAE’s economy from 2013 to 2031, according to the EY report, ‘The economic impact of Expo 2020 Dubai’. The report states that Expo 2020 is also expected to support up to 905,200 full-time equivalent, FTE, job-years in the UAE from 2013-2031, which is equal to approximately 49,700 FTE jobs per annum in the UAE over this period. Expo 2020 Dubai is the first World Expo to take place in the Middle East, Africa and South Asia region in the 168-year history of the event. More than 200 participants, including countries, corporations, multinational organisations and educational institutions, will gather in Dubai from October 2020 to April 2021 to explore Expo 2020’s theme of ‘Connecting Minds, Creating the Future’. “This independent report demonstrates that Expo 2020 Dubai is a critical long-term investment in

the future of the UAE, which will contribute more than AED120 billion to the economy between 2013 and 2031,” said Najeeb Mohammed Al-Ali, Executive Director of the Dubai Expo 2020 Bureau. “Not only will the event encourage millions around the world to visit the UAE in 2020, it will also stimulate travel and tourism and support economic diversification for years after the Expo, leaving a sustainable economic legacy that will help to ensure the UAE remains a leading destination for business, leisure and investment.” Expo 2020 Dubai is expected to attract 25 million visits and par-

ticipants from 190 countries from October 2020 to April 2021. During this period, the World Expo is expected to contribute approximately 1.5 percent of the UAE’s annual forecast gross domestic product, GDP. Matthew Benson, Partner, Transaction Advisory Services, MENA at EY, said, “Expo 2020 is an exciting long-term investment for the UAE, and is expected to have a significant impact on the economy and how jobs are created directly and indirectly. As the host, Dubai aims to use the event to further enhance its international profile and reputation. The event

will celebrate innovation, promote progress and foster cooperation, and entertain and educate global audiences.” Small and medium-sized enterprises, SMEs, are also estimated to receive AED 4.7 billion in investment during the pre-Expo phase, supporting approximately 12,600 job-years, while also supporting Expo 2020’s aim to foster innovation and support small businesses. Commenting on the report’s findings across the 2013-2031 period, Jamie Torrens, Director, Economic Advisory, Transaction Advisory Services, EY, explained, “Across the period of our study, spanning the Pre-Expo, DuringExpo and Legacy phases between 2013 and 2031, Expo 2020 is expected to support billions of dirhams of Gross Value Added and thousands of jobs in the UAE. Although the Expo event lasts less than a year, the positive economic impact continues far beyond the event.” In the Legacy period (May 2021 to December 2031), the Expo site is expected to be redeveloped

to District 2020, which is expected to include tenant companies and an expanded Dubai Exhibition Centre, DEC. District 2020 has been planned to support the UAE’s future vision by supporting sustainable economic development, moving toward an innovation-driven economy and creating a business environment to help support key growth industries such as logistics and transport, travel and tourism, construction and real estate and education. Over 80 percent of the Expo built environment is planned to be retained for District 2020, and eventually expand into a city covering more than four million square metres. District 2020 companies will be focused on technology and innovation, including a mix of corporations and SMEs. The DEC is also expected to be a key facility in the site. The economic impact of the Legacy period is mainly expected to be driven by the development activity and operations of District 2020 and the incremental effects of the expansion of the DEC.

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Chinese Pavilion design for Expo 2020 unveiled

Through its theme of “Building a Community with a Shared Future for Mankind - Innovation and Opportunity”, the China Pavilion will be one of the largest at Expo 2020 Dubai, occupying a land area of 4,636 sq m….reports Asian Lite News

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#Hayyakum2020 Drawing on the Emirati word for ‘welcome’, the #Hayyakum2020 initiative seeks to galvanise the entire nation and accelerate excitement and national pride as the UAE prepares to host 190 countries and millions of visitors from October 2020…reports Asian Lite News

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ore than 60,000 race horse owners, trainers and racing fans embraced Expo 2020’s exciting national engagement programme with a series of colourful and entertaining activities during the recent Dubai World Cup. Drawing on the Emirati word for ‘welcome’, the #Hayyakum2020 initiative seeks to galvanise the entire nation and accelerate excitement and national pride as the UAE prepares to host 190 countries and millions of visitors from October 2020. Inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, of welcoming the world in an iconic venue, Dubai World Cup is a highlight of the UAE’s sporting and entertainment calendar, attracting tens of thousands of attendees each year and reaching a global TV audience of 300 million. The 24th edition of the Dubai World Cup held at the world class Meydan Racecourse provided an exceptional setting for the first in a number of public #Hayyakum2020 activations, which will also in-

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clude open events on site, family festivals across the emirates, and opportunities for everyone to show their #Hayyakum2020 spirit, from government entities and businesses, to schools and families. Attendees at the Dubai World Cup, which this year saw the participation of 109 horses from 13 countries, enjoyed a taste of the rich and diverse entertainment that Expo 2020 will have to offer, with dancers and other entertainers from a range of cultures reflecting the many nations that will participate in the Expo. The #Hayyakum2020 lounge and large 3D cut-outs of the Hayyakum2020 hashtag across the venue also raised awareness of Expo’s exciting new initiative, and encouraged race goers to show what the word ‘hayyakum’ means for them. Reem Al Hashemy, Minister of State for International Cooperation, and Director-General of Expo 2020 Dubai, said, “In less than 18 months, people and countries from across the world will be arriving in the UAE for what will be a truly exceptional World Expo. “This is our opportunity to tell our nation’s story to the world – our achievements, our aspirations, and the values we

he design of the Chinese Pavilion for Expo 2020 Dubai was unveiled today in Dubai, in the presence of Ambassador Ni Jian of the People’s Republic of China in the UAE, Najeeb Mohammed Al-Ali, Executive Director, Dubai Expo 2020 Bureau and Zhang Yi, Deputy SecretaryGeneral of China Chamber of International Commerce. Among other attendees were more than 150 guests including representatives from Expo 2020 Dubai, Dubai Tourism, the Consulate General of China in Dubai, China Council for the Promotion of International Trade, CCPIT, UAE and Chinese entrepreneurs, media, and China Pavilion partners. Ruan Wei, Director of Expo Affairs, stand for. And it has to begin by opening CCPIT, gave an update on China’s our arms to our visitors and participants and showing them the traditions of hospi- participation progress and presented tality and generosity that are a cornerstone the design of the China Pavilion. The country confirmed its participation in of our society – the spirit of ‘hayyakum’. “Between now and October 2020, we Expo 2020 Dubai in January 2017 and encourage everyone, irrespective of age, signed its official participation connationality or background, to embrace tract in May 2018. Zhang Shenfeng, #Hayyakum2020 and join us as we pre- Vice Chairman of the CCPIT, has been appointed as Commissioner General pare to welcome the world.” The #Hayyakum2020 programme be- of the China Pavilion at Expo Dubai gan in February when H.H. Sheikh Ab- 2020. Through its theme of “Building a dullah bin Zayed Al Nahyan, Minister of Community with a Shared Future for Foreign Affairs and International Cooperation, visited the Expo 2020 site, in which Mankind - Innovation and Opportuhe used the traditional Emirati greeting of nity”, the China Pavilion will be one ‘hayyakum’. Three Emirati students also of the largest at Expo 2020 Dubai, ocare supporting the movement and have cupying a land area of 4,636 sq m. There are three main features of presented their ideas for welcoming the the China Pavilion, which are innovaworld to Reem Al Hashimy. More than 54,000 UAE residents also tion, innovation in architecture design have offered their support to Expo 2020 and innovation in exhibition. Expo 2020 Dubai will run from 20th by expressing their interest to become an October, 2020 to 10th April, 2021. It Expo Volunteer and act as the ‘face’ of the six-month-long event. So far, 190 coun- will be the first World Expo to be held tries have confirmed participation, offering in the Middle East, Africa and South each of them the opportunity to showcase Asia, MEASA, region and expected their ingenuity, cultures and traditions to to receive 25 million visitors. A total of 190 countries have confirmed their an expected 25 million visits. participation in the Expo.


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SAUDI TO JOIN WITH THE SECOND LARGEST PAVILION

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he Kingdom of Saudi Arabia revealed the design of its pavilion for the upcoming Expo 2020 Dubai. The pavilion will be second in size only to that of the UAE pavilion, covering an area the size of two football pitches. The pavilion’s design is “distinctive and memorable” symbolising Saudi Arabia’s “welcoming character, long heritage and unlimited drive”, according to a statement detailing the reveal. The pavilion facade opens “like a large window into the future, soaring into the sky and reflecting a society deeply rooted in its culture with unlimited ambitions,” it added. Balancing the richness of Kingdom’s history, culture and natural wonders with the boundless energy and creativity of its people, the pavilion will give visitors an immersive experience of the country’s transformation - a country where rich tradition, ambition and innovation are shaping its, and the world’s, future. A path will lead visitors through exhibition displays which highlight the country’s openness to businesses and tourists, and its desire to build links and collaborate with countries to create a better future for everyone. “This extraordinary and innovative design perfectly captures the determination of the Kingdom to fulfill its promise of being an ambitious nation while conveying a message of dynamism and

partnership with the world,” said Mohammed Al Tuwaijri, Saudi’s Minister of Economy and Planning and Chairman of the Supervisory Committee for the Kingdom’s participation in Expo 2020 Dubai. He added, “All Saudis can be proud of the vision that this ground-breaking pavilion will deliver to the world, and we look forward to inviting global citizens to share in the exciting story of our thriving and vibrant society.” Construction of the pavilion, designed

by Boris Micka Associates, began in early February 2019. Commenting on the design reveal, Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation and Director-General of Dubai Expo 2020 Bureau, said, “The Kingdom of Saudi Arabia’s pavilion at Expo 2020 will offer visitors a chance to experience the country’s rich heritage and culture, while demonstrating how our region is working together to create a better future for everyone. We look forward to welcoming our

brothers and sisters from the Kingdom as they join us for the first ever World Expo to be held in the Middle East, Africa and South Asia region.” To date, 190 nations have confirmed their participation in Expo 2020. Organisers expect to record 25 million visits between 20th October 2020 and 10th April 2021, with 70 percent of visitors projected to come from outside the UAE – the highest proportion of international visitors in the 168-year history of World Expos.

TUESDAY, APRIL 16, 2019 •P3


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