Emaar Properties Signed Multiple Project Agreement Prepping for Expo 2020

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After Dubai won the bid to host the Expo 2020, Emaar Properties signed an agreement Emaar Properties igned Multiple Project Agreements Prepping for Expo 2020with Dubai World Central to extend project such as Homes, Hotels, Golf Course and Mall.
New Emaar property to be built an area of 13.63 million square meters. The first phase of Dubai project will consist of several hotels, villa community by a golf course and a mall.
They’re expecting to welcome more than 25 million tourists during the period of six months. However, it is important that the city further builds its retail, hospitality and residential facilities to meet the anticipated demand.
A Metro extension to the Red Line, an increased conference space, as well as developments to the logistics hub in the area are all long-term benefits to hosting Expo 2020, the report added.
Dubai’s economy is also expected to be given a massive increase over the next seven years, as Expo 2020 is expected to add 2 per cent to its Gross Development Product as well as creating 277,000 jobs.