Expo 2020 Could Create Roughly 300,000 Emirate Jobs and Increase Dubai’s GDP

Home  /  News  /  Expo 2020 Could Create Roughly 300,000 Emirate Jobs and Increase Dubai’s GDP

If Dubai succeeds on its bid to host the World Expo 2020, the emirate could expect a Expo 2020 Could Create Roughly 300,000 Emirate Jobs and Increase Dubai’s GDPsturdy impact on its economy and career opportunities.
According to a new report, the tourism capital of UAE Expo 2020 would give Dubai $23bn boost on its Gross Domestic Product (GDP).
Bank of America Merrill Lynch research found that if the emirate is in November awarded the rights to host the event; the country can expect its impact to contribute to 24.4 percent of GDP spread over the period 2015 to 2021.
This includes total spending by the host, participants and visitors, as well as on supply chain and consumption. The $23bn would equate to 3.5 percent of annual GDP, with the bulk materializing around the event itself.
The research added that the observance of the event would also create more than 277,000 jobs in the Gulf emirate, 40 percent of which would be in the hospitality sector and 30 percent in construction.
Dubai is positioned as one of the favorites to host the six month-long event, with other candidate cities including Yekaterinburg in Russia, Izmir in Turkey and Sao Paulo in Brazil.
The city foresees that more than 25m would visit the event over six months, including 70 percent from outside the UAE.