Everything You Need to Know About World Expo 2021

It is no secret — Dubai has cemented its place among the top surging economies in the word and is regarded as one of the best cities to live in. With brisk development in world-class infrastructure, Dubai has moved up the ranks to become a global destination for giant corporations and business tycoons alike.

But the uproar is all about the advent of something more special — Dubai Expo 2021! No doubt, this year’s [postponed] expo has been the grist for the gossip mills all around town.

Before I ramble about what the Dubai Expo 2021 is bringing us this year, let me explain a bit about what expos (short for exposition) are about. World expos are global events that take place in some of the most blistering metropolises of the world. Think of them something as places where the next Winter Olympics is organized, except that expos are all about business activities. They are aimed at showcasing top-notch innovations and bringing to the world some of the biggest groundbreaking inventions. World expositions take place once every five years and go on for up to six months!

The World Expo for this quarter was slated to be held in 2020, but for obvious reasons, it has been postponed to 2021. Below are some of the highlights of the upcoming World Expo at Dubai.

• The World Expo 2021 will be held in Dubai, UAE. It will commence on October 1, 2021 and will draw to an end on the 31^st of March, 2022.
• This event in Dubai is speculated to be unprecedented to the region as people from over 190 countries are expected to participate.
• MEASA (Middle East, Africa, South Asia) region is going to witness its first-ever World Expo in 2021.
• The World Expo is one of the few global events that celebrates different and distinct forms of science and technology, innovation and invention, and art and culture.

Whereabouts

Due to the restrictions poised by COVID-19, the better half of the Bureau International Expositions (BIE) decided it best to postpone the World Expo to 2021. Regardless of that, the UAE is tackling the pandemic better than most countries. The dates for the World Expo 2021 were set keeping in mind the safety of the participants and the uninterrupted conduct of the event throughout the year.

The main site of World Expo 2021 Dubai is located at Dubai’s border with Abu Dhabi over a sprawling 438-hectare area and is reportedly the largest international event held of its kind in the region.

Themes and Values

The World Expo has adapted quite a simple yet empowering theme this year — “Connecting Minds, Creating the Future”. Now, it is note-worthy to understand that a lot of brainstorming goes into creating the theme. It is evident that the event is designed to connect minds from a motley of backgrounds, which will form the foundation of what tomorrow holds — the future. This stands to reason that we must educate the world in a way so as to easily make discernable the difference between the right and the wrong. How the event coalesces different minds decides the fate of the future and provide a bigger space for people who want to setup new business in Dubai.

Now, there are some sub-themes that the Expo is aimed at shining the spotlight on.

Focus Areas

Juxtaposing the direction of the world with the vision the Expo wants to actualize, it has certain areas that it expects to advance. The main theme of the event revolves around the following three aspects:

• Opportunity
• Mobility
• Sustainability

Opportunity

• Every one of us houses a talent that needs to be educed and put to good use. The thought of putting opportunity the foremost of the aspects shows that the expo aims to provide equal opportunity to each and every one of us, especially the marginalized communities.
• The World Expo 2021 will shift the spotlight on those companies and sectors that have laid a platform to those that haven’t had it. Correspondingly, it is also expected to uplift sectors that always remain in the shadows and encourage more people to show a way on how to start a company in Dubai.

Mobility

• Mobility in this context depicts the movement of ideas and the ability to transcend over the futile ones. Part of this sub-theme aims at blurring the lines between different communities and sectors.
• The mobility is not restricted just to people, but also to ideas ranging all the way from social to technological concepts, eventually making setting up a business in Dubai easier for entrepreneurs.
• The main aim of this theme is to bridge the gap and bring about a homeostasis between the areas that are performing exceedingly-well in the market and areas that are performing at a subpar level.

Sustainability

• As we cast a glance in the near-future, we instantly are reminded of what the future beholds for humanity. Concomitant with that is the idea of sustainability and the weight it holds.
• For several decades, we have siphoned resources from the Earth and used it to capitalize for our needs, but in the process, have also significantly abused the balance that nature has set. All of this has contributed to a widely-known phenomenon — Global Warming.
• The major focus on this facet will be on introducing reforms and laws that would ensure the involvement of financial capital, education, governance, employment and industries.

Impact

There are certain areas that the Expo is greatly going to impact including Tourism, Retail, Infrastructure and Real Estate.

Real Estate

• Dubai is already renowned in the world as the city of high-rise skyscrapers, not to mention it houses the tallest building in the world. These architectural wonders attract a lot of crowd and benefit the tourism industry.
• An estimated 25 million people are expected to participate in the World Expo 2021. Out of these, 11 million alone are going to be foreigners, so one can get an idea of how lucrative this can prove to be for the real estate business.
• There is going to be an obvious economic surge in the hotel and restaurant industry, for all these tourists will need accommodation.

Media

• Word has it that the most search keyword in the world would either be ‘World Expo 2021’ or ‘Dubai Expo 2021’. This provides a great leverage to the media world, as many media channels have already starting reporting on the Expo.
• The bottom line is that the economy of Dubai is expected to go in only one direction: forward. Analysts have already predicted a growth rate of a massive 4% in the GDP.

Conclusion

Indubitably, the impact the World Expo 2021 will have on the UAE’s economy is gargantuan. The World Expo is no ordinary show, for it has been, for decades, carrying some of the biggest corporations around the world. With the success of this event, there will be a tremendous expansion in the industrial sector. Foreigners visiting the Expo would want to make Dubai their home. Typically, there are business consultants who specialize in setting up a business in the UAE.

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