This year, Dubai is hosting the world’s most important events. Expo 2020 Dubai has been rescheduled from October 1, 2021, to March 31, 2022, after being postponed last year due to the worldwide COVID-19 pandemic.
EXPO 2020 in Dubai has become linked with exciting exhibitions and business opportunities. To meet the expectations of 25 million visitors, the government invested more than thirty billion dirhams in new infrastructure projects. This paved the way for the best opportunities to be implemented at the Dubai Expo 2020.
The event is a platform for investors, entrepreneurs, innovators, academicians, and tourists to see the latest advancements in technology, transportation, and communication from around the world, all under one roof.
Dubai and the UAE will be front and center of the global stage for business and innovation in the year that the UAE celebrates its 50th anniversary as a federation. This is also the year that the Dubai Plan 2021 and the UAE’s Vision 21 plans will be implemented — ambitious targets that outline positive and aspirational strategic goals for the economy, people, and government.
Even if you’re not searching for inward investment in a UAE SME right now, the more foreign capital invested in the UAE, the better for the region’s economy. The entire business ecosystem and the economy will benefit, which means that SMEs in the area – both domestic and international – will witness an increase in activity and business.
Connecting Minds, Creating the future:
Expo 2020 Dubai’s theme this year is “Connecting Minds, Creating the Future.” Sustainability, Opportunity, and Mobility are the sub-themes. Industries, financial capital, governance, employment, and education are the focal areas for the Sustainability segment.
The goal of mobility is to bridge the gap between developed areas and others that require administrative and technological assistance. The key subject of Opportunity will be highlighted by highlighting sectors and enterprises that adhere to the central theme and identifying new prospects.
Some of the companies that will grow exponentially and create richer opportunities during the EXPO are:
Tourism & Hospitality:
Dubai is all geared up to welcome a slew of international visitors. The tourist business offers numerous advantages and reasons to invest. Dubai has made enormous strides in tourism, providing tens of thousands of jobs and countless investment opportunities for locals and visitors alike.
Tourism has a tremendous impact on the economy’s growth. Tourism has emerged as one of the UAE’s most prominent business sectors. Expo 2020 is expected to attract a total of 25 million people, bringing the tourist industry forward. Expo 2020, which took place in October this year and runs through March 2022, will catalyze tourism growth.
With the increase in the number of tourists, the need for hospitality services increases. The UAE will naturally be home to a significant number of tourists during the EXPO 2021, which will bring ground-breaking innovations, innovative design, and over 60 live entertainment each day to UAE.
This, combined with the revival of many international markets and a large amount of pent-up demand for travel following a year of social distancing, has many experts optimistic that Expo 2020 Dubai will provide numerous prospects for the UAE’s hospitality sector.
Major public and private developers are currently concentrating their efforts on ensuring that ongoing projects are completed as quickly as possible to provide investors with the highest quality product possible.
The UAE government has taken an effort to control the real estate market’s demand-supply ratio. This will stabilize the market and make it even more beneficial and balanced for everyone.
They’ve formed a committee to oversee market regulation. In addition, based on their investments, investors may be eligible for long-term visas or “golden card” residency cards.
Expo 2020 is seen as one of the most significant prospects for SME (Small and medium enterprises). Large corporations such as Meraas, Emaar, Nakheel, Dubai Properties, and Damac have contributed immensely to SME’s growth.
The recently announced infrastructure development project will give enormous opportunities for SMEs, with the event expected to generate 300,000 new direct jobs and 1 million new indirect business opportunities.
Small and medium businesses can take advantage of this opportunity by developing and enhancing relationships with clients and customers, creating a competitive advantage for themselves, concentrating on developing their business, and making the Price and brand value competitive.
The construction sector continues to be strong during Expo 2020, supported by new tourism and hospitality projects and public spending on infrastructure.
Expo 2020 is expected to generate new demand for commercial and residential buildings as a result of the partnerships that will take place. This broadens the scope of the building industry in the UAE, allowing new companies to enter the market and participate in more projects.
As the Dubai government continues to roll out policies and efforts to foster tech innovation and recruit tech entrepreneurs in an endeavor to become the world’s smartest city by 2021, the city has become a magnet for worldwide tech-based firms.
UAE is focusing on hosting many global-level technical events that will increase the participation of information technology firms around the world. The events will help in attracting techies from around the world with new and innovative ideas.
Artificial intelligence, machine learning, and advanced analytics are the most trending fields in the IT industry. Expo 2020 seeks to encourage related industries to enhance data productivity and promote a better digital workplace in order to provide improved and seamless experiences.
Food and Beverages:
It’s necessary to provide accommodation for tourists, but it’s also important to please their palette. It is a once-in-a-lifetime chance for food enterprises in Dubai to serve a big section of the population.
Even if it’s a tiny hotel or a food truck, Expo 2020 offers a variety of options for culinary enterprises aiming to establish and extend their foundation in the country. The facility will have more than 200 food and beverage shops covering 30,000 square meters, with 85,000 meals estimated to be served per hour.