According to a strategic research, most of the UAE residents anticipate Expo 2020 to certainly impact their lives ahead and after the affair.
95% of the respondents are interested in the Expo, out of which 62% expressed strong interest while 88% said it will impact their lives definitely.
It was widely believed that real estate and tourism will most likely be the major beneficiaries of Dubai Expo 2020. On the other hand, 40% of the respondents also identified the financial services sector to be another leading recipient in upcoming years.
Dubai has effectively situated itself as a global business core and a doorway to markets across the MEASA region and considering that Expo 2020 will showcase this to the world. The Expo will certainly have an affirmative impact as an economic means that will generate a long-term boost to local and regional economies in key business sectors.
Survey says, 73% of the respondents consider that the UAE’s financial services sector will cope easily with the opportunities but challenges may arise.
On the other hand, 57% of those surveyed think that the impact of the event on local banks will only be fair, given that three quarters of the 25 million visitors to Dubai Expo 2020 will come from outside the UAE. Meanwhile, 57% of the respondents think that the EXPO 2020 will lead to a positive impact with more job creation and new businesses.
In the meantime, 91% firmly consider that EXPO 2020 will direct to an increase in the general cost of living. Amusingly, 16% doubt whether the affair will be bringing profits after it is finished.