PARIS // Consistency, hard work, a strong project and a determined bid combined to make a perfect Dubai victory, said leading UAE ministers and Dubai officials.
The real work begins now, officials said, chalking up tasks that must be undertaken, while others called for a breather and celebrations after a sustained two-year campaign that introduced Dubai’s bid to capital cities across the globe.
“Winning was one phase and now the real work starts,” said Sultan Al Mansoori, the Minister of Economy at a UAE reception in Paris late on Wednesday after Dubai was named the host of the World Expo 2020.
“We are shooting very high in terms of making Expo 2020 in Dubai the most successful ever. To do that will take a lot of effort and planning.
“We need to make sure sectors of the economy are growing and, meanwhile, not create too many waves that will create, for example, inflation. We must make sure we are controlling that [inflation] so whatever we have promised to the world we will deliver.”
Acknowledging heightened tension and nerves during the three rounds of voting, he said: “That is typical because in this kind of situation you are never assured of anything unless you cross the line.”
To the doubters who saw it as an unequal battle of a young country against a powerful Russia which wields clout in the international arena, Mr Mansoori said the win reflected “the trust in the UAE and Dubai”
He added: “It’s a lesson to many nations that if you work together, you deliver and you have a good name in history then the world is willing to give you a chance.”
Suhail Al Mazrouei, Minister of Energy, agreed that a country’s bilateral ties were significant.
“It’s not about the size of the country, it’s about what we have done,” he said.
“It’s about years of helping nations around the globe and I disagree that we are small. Maybe we are smaller in area and population but we are not small when it comes to delivery. I will describe us as a determined country and winning today showed how special we are to other nations.”
Mr Mazrouei said work had already begun to diversify energy sources by 2020 as part of sustainability goals.
“We will have four nuclear plants delivering 25 per cent of the nation’s consumption of electricity by 2020,” he said. “By 2020 we will have a state-of-art infrastructure built on sustainability.”
Hussain Lootah, director general of the Dubai Municipality, said infrastructure plans would be drawn up for construction and servicing the Dh325billion investment in the proposed Expo site in Jebel Ali.
“We have to plan the infrastructure, the irrigation network, treatment plants, prepare the monitoring, regulation and cover all angles.”
Immediately after the result was announced, flags and scarves with the Rulers’ portraits were pulled out of bags.
UAE supporters showed the victory sign and posed with federal ministers and senior Dubai officials who were in Paris to support the campaign.
Mattar Al Tayer, the executive director of the Roads and Transport Authority, agreed it was time for festivities.
“After all this hard work and effort put in, it is now time for celebration,” he said.
The RTA has already announced plans, including an extension to the Metro’s Red Line to ferry passengers from Jebel Ali to the Expo site and 750 zero-emission ExpoRider buses.
He said more infrastructure announcements were expected.
“We are waiting for instructions from His Highness Sheikh Mohammed on the next phase,” Mr Al Tayer said.
“Regarding infrastructure it will be roads, the Metro, the area around Maktoum airport and transportation for 25 million who will come over six months.”
Sheikha Lubna, the Minister of Development and International Cooperation, said the nation should not forget the countries who supported the UAE bid.
“It proves the value of friends, the value of Emirates’ trust. Seven years is not a long time but people know of Dubai’s achievements like building the Burj Khalifa so we will give the world the best Expo they have ever seen.”
rtalwar@thenational.ae
LA LIGA FIXTURES
Friday Valladolid v Osasuna (Kick-off midnight UAE)
Saturday Valencia v Athletic Bilbao (5pm), Getafe v Sevilla (7.15pm), Huesca v Alaves (9.30pm), Real Madrid v Atletico Madrid (midnight)
Sunday Real Sociedad v Eibar (5pm), Real Betis v Villarreal (7.15pm), Elche v Granada (9.30pm), Barcelona v Levante (midnight)
Monday Celta Vigo v Cadiz (midnight)
RUGBY CHAMPIONSHIP FIXTURES
September 30
South Africa v Australia
Argentina v New Zealand
October 7
South Africa v New Zealand
Argentina v Australia
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
More on animal trafficking
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
US households add $601bn of debt in 2019
American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.
Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.
Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.
In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.
The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.
"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Company%20profile
%3Cp%3ECompany%20name%3A%20Shipsy%3Cbr%3EYear%20of%20inception%3A%202015%3Cbr%3EFounders%3A%20Soham%20Chokshi%2C%20Dhruv%20Agrawal%2C%20Harsh%20Kumar%20and%20Himanshu%20Gupta%3Cbr%3EBased%3A%20India%2C%20UAE%20and%20Indonesia%3Cbr%3ESector%3A%20logistics%3Cbr%3ESize%3A%20more%20than%20350%20employees%3Cbr%3EFunding%20received%20so%20far%3A%20%2431%20million%20in%20series%20A%20and%20B%20rounds%3Cbr%3EInvestors%3A%20Info%20Edge%2C%20Sequoia%20Capital%E2%80%99s%20Surge%2C%20A91%20Partners%20and%20Z3%20Partners%3C%2Fp%3E%0A
In numbers
- Number of children under five will fall from 681 million in 2017 to 401m in 2100
- Over-80s will rise from 141m in 2017 to 866m in 2100
- Nigeria will become the world’s second most populous country with 791m by 2100, behind India
- China will fall dramatically from a peak of 2.4 billion in 2024 to 732 million by 2100
- an average of 2.1 children per woman is required to sustain population growth
Switching%20sides
%3Cp%3EMahika%20Gaur%20is%20the%20latest%20Dubai-raised%20athlete%20to%20attain%20top%20honours%20with%20another%20country.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVelimir%20Stjepanovic%20(Serbia%2C%20swimming)%20%3C%2Fstrong%3E%0D%3Cbr%3EBorn%20in%20Abu%20Dhabi%20and%20raised%20in%20Dubai%2C%20he%20finished%20sixth%20in%20the%20final%20of%20the%202012%20Olympic%20Games%20in%20London%20in%20the%20200m%20butterfly%20final.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJonny%20Macdonald%20(Scotland%2C%20rugby%20union)%20%3C%2Fstrong%3E%0D%3Cbr%3EBrought%20up%20in%20Abu%20Dhabi%20and%20represented%20the%20region%20in%20international%20rugby.%20When%20the%20Arabian%20Gulf%20team%20was%20broken%20up%20into%20its%20constituent%20nations%2C%20he%20opted%20to%20play%20for%20Scotland%20instead%2C%20and%20went%20to%20the%20Hong%20Kong%20Sevens.%20%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESophie%20Shams%20(England%2C%20rugby%20union)%20%3C%2Fstrong%3E%0D%3Cbr%3EThe%20daughter%20of%20an%20English%20mother%20and%20Emirati%20father%2C%20Shams%20excelled%20at%20rugby%20in%20Dubai%2C%20then%20after%20attending%20university%20in%20the%20UK%20played%20for%20England%20at%20sevens.%20%0D%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets