Who will host Expo 2030? Final inspection held for Rome’s world's fair bid


Ramola Talwar Badam
  • English
  • Arabic

A team of Expo organisers have completed an inspection visit to Rome to assess Italy’s bid to stage the 2030 world's fair.

This marks the end of evaluation visits to countries in the running to stage the global gathering.

Missions have already taken place in Saudi Arabia, Ukraine and South Korea.

During a five-day visit, the group from the Bureau International des Expositions (BIE), met national and local Italian officials to examine Rome’s theme of People and Territories: Regeneration, Inclusion and Innovation.

I believe what was very impressive is this unique voice we heard, it truly seems this project is coming together under a banner of national unity
Dimitri Kerkentzes,
BIE secretary general

They visited the proposed site in the Tor Vergeta district that would be the heart of the Expo if the country wins the bid.

The area is home to a university, residential neighbourhood and a sports complex designed by renowned Spanish architect Santiago Calatrava.

Unique voice

Dimitri Kerkentzes, secretary general of the BIE, said it was it was a strong project with sustainability at its core.

“We felt that this is not just a candidature of Rome but is truly a candidature of Italy, for Italy and for Italians,” he told the press in Rome.

Mr Kerkentzes said it was interesting to meet not only the government authorities, officials of the city of Rome but to speak to members of civil society, non-government organisations and the private sector.

“I believe what was very impressive is this unique voice that we heard, it truly seems that this project is coming together under a banner of national unity.”

The BIE is the organisation that oversees and regulates world expos.

Italian officials described the visit as “one of the most important moments before the Expo 2030 final vote by 171 countries in November”.

“The enquiry mission to Italy is the last to be carried out as part of the project evaluation phase for World Expo 2030,” Expo 2030 Roma committee said in a statement.

“The findings of the enquiry missions will be discussed by the BIE’s executive committee in May 2023.

“In November 2023, during the 173rd general assembly of the BIE, the host country of World Expo 2030 will be elected via secret ballot by BIE member states on the principle of one country, one vote.”

The Expo organisers’ visit concluded on Saturday night with a spectacular light and music show with 500 drones sweeping over the ancient Colosseum that formed the backdrop for a theatrical display.

BIE officials met Italy’s President Sergio Mattarella, Prime Minister Giorgia Meloni, Roberto Gualtieri, mayor of Rome and spoke to consultants, businessmen and NGOs to gauge the feasibility of the plans submitted.

One of the central concepts of Rome’s bid is a plan for one of the largest urban solar farms, renewal of neighbourhoods and new accessibility solutions, deepening the link between industry and agriculture.

The BIE inspection visits began in Riyadh last month to examine Saudi’s theme The era of change: Together for a foresighted tomorrow, as part of the country’s ambition to create an Expo that would lay down the blueprint for a more equitable future.

Ukraine has forwarded Odesa as the host city with the theme of Renaissance. Technology. Future that envisions new technology to serve, help and educate.

South Korea’s project in Busan centres on people working together to face challenges as part of its focus on Transforming our world, navigating toward a better future.

The BIE mission checks the proposed site, planned re-use after the Expo, the level of local and national support, the financial feasibility plans and expected participation figures.

Expo 2020 Dubai was the most recent world's fair to be held just as the world was re-emerging from the Covid-19 pandemic.

The Expo Dubai drew more than 24 million visits to more than 200 pavilions between October 2021 and March 2022.

The next World Expo will take place in Osaka, Japan in 2025 with the focus on Designing Future Society for Our Lives.

Expo 2020 Dubai - in pictures

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Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Nancy 9 (Hassa Beek)

Nancy Ajram

(In2Musica)

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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The Programme

Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson

Illegal%20shipments%20intercepted%20in%20Gulf%20region
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Racecard
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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Roll of honour

Who has won what so far in the West Asia Premiership season?

Western Clubs Champions League - Winners: Abu Dhabi Harlequins; Runners up: Bahrain

Dubai Rugby Sevens - Winners: Dubai Exiles; Runners up: Jebel Ali Dragons

West Asia Premiership - Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins

UAE Premiership Cup - Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles

West Asia Cup - Winners: Bahrain; Runners up: Dubai Exiles

West Asia Trophy - Winners: Dubai Hurricanes; Runners up: DSC Eagles

Final West Asia Premiership standings - 1. Jebel Ali Dragons; 2. Abu Dhabi Harlequins; 3. Bahrain; 4. Dubai Exiles; 5. Dubai Hurricanes; 6. DSC Eagles; 7. Abu Dhabi Saracens

Fixture (UAE Premiership final) - Friday, April 13, Al Ain – Dubai Exiles v Abu Dhabi Harlequins

 

Company%20profile
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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While you're here
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

BLACKBERRY
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Updated: April 25, 2023, 2:30 AM