The search is on to find the signature aroma of Expo 2020.
Organisers of the Dubai exhibition announced yesterday that they were inviting manufacturers of perfume, essential oils, bukhoor and skincare products from across the Gulf and beyond to bid to make officially licensed Expo 2020 products.
One perfume producer could even be charged with producing an exclusive scent for the Expo 2020 event set to take place in Dubai in three years’ time, Bureau Expo 2020 Dubai said.
Officially licensed products will be sold to visitors during the six months of Expo 2020 through selected outlets across the UAE, including dedicated Expo retail stores, as well as at the Expo 2020 site itself between October 2020 and April 2021.
__________
More Expo 2020 bids: Tenders have been issued for branded food and beverage and retail products
__________
“This region is famous for its perfumes, it is ingrained in our traditions. We want people who visit Expo 2020 Dubai from around the world to experience these amazing aromas and take home with them a scent of Arabia,” said Najeeb Al Ali, the executive director of Bureau Expo 2020 Dubai.
He said that the tender process to apply to become an official perfume producer for the event was open to businesses of any size from anywhere in the world and that companies should register their interest by April 20.
Perfume producers are the third type of manufacturers to be officially invited to tender to take part in Expo 2020 sales.
In January organisers invited manufacturers of souvenirs to register their interest in making officially licensed Expo 2020 products and in February food producers were also invited to express interest.
In total Expo 2020 plans to run tender processes for up to 40 licensed product categories, comprising more than 5,000 products.
Mr Al Ali said that the organisers would “tailor flexible terms to ensure profitability and equal opportunity” for companies of all scales, especially small and medium-sized enterprises.
Last year Expo 2020 announced that 20 per cent of its budget – more than Dh5 billion – would be spent through SMEs.
“In particular, we hope to give smaller, local artisan producers in the UAE and GCC a chance to share a global platform with international brands, showcasing their unique products,” Mr Al Ali said.
Euromonitor International estimates that the fragrance market in the UAE was worth about Dh1.5 billion in 2015.
lbarnard@thenational.ae
Follow The National's Business section on Twitter
If you go
- The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
- The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
- The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
NINE WINLESS GAMES
Arsenal 2-2 Crystal Palace (Oct 27, PL)
Liverpool 5-5 Arsenal (Oct 30, EFL)
Arsenal 1-1 Wolves (Nov 02, PL)
Vitoria Guimaraes 1-1 Arsenal (Nov 6, Europa)
Leicester 2-0 Arsenal (Nov 9, PL)
Arsenal 2-2 Southampton (Nov 23, PL)
Arsenal 1-2 Eintracht Frankfurt (Nov 28, Europa)
Norwich 2-2 Arsenal (Dec 01, PL)
Arsenal 1-2 Brighton (Dec 05, PL)
Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
Blue%20Beetle
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Angel%20Manuel%20Soto%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EXolo%20Mariduena%2C%20Adriana%20Barraza%2C%20Damian%20Alcazar%2C%20Raoul%20Max%20Trujillo%2C%20Susan%20Sarandon%2C%20George%20Lopez%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%C2%A0%3C%2Fp%3E%0A
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
