Dubai’s margin of victory surprises Expo chiefs



PARIS // Dubai’s winning margin is one of the steepest in the recent history of the World Expo, according to a senior official of the event’s governing body

“It is something I expected, what I didn’t expect was the number difference,” said Vicente Gonzalez Loscertales, secretary general of the Bureau International des Expositions.

“There was such a big difference that it overwhelmed the other countries. The Emirates’ win is the biggest win I have seen in my 20 years here.”

In the first round, Dubai secured 47 per cent of the 163 votes cast, knocking Sao Paulo, Brazil, out of the competition.

The emirate clinched 53 per cent of 165 votes cast in the second round, removing Izmir, Turkey, from the competition.

In the final round, Dubai swept aside Yekaterinburg, Russia, with 70 per cent of the 164 votes cast.

Mr Loscertales said Dubai had always been a strong candidate thanks to its commitment and determination.

Several diplomats backed the UAE’s approach of reaching out to countries with a clear and well-formulated project.

“It exhibited the commitment to developmental practices and ideals and you were really able to see it [the Expo project] could happen,” said Nimisha Madhvani, the ambassador for the Uganda embassy in Paris. She declined to say how she voted.

“The others had great models but in the new world, the UAE projected itself as the centre of the world and people have believed that,” she said. “They are a power in themselves and no, this is not a small nation because with the UAE oil speaks volumes.

“The UAE is globally well-regarded. They have shown with hard work and a commitment to making something from nothing, you can create a global oasis in the desert.”

rtalwar@thenational.ae

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

Results:

Men’s wheelchair 200m T34: 1. Walid Ktila (TUN) 27.14; 2. Mohammed Al Hammadi (UAE) 27.81; 3. Rheed McCracken (AUS) 27.81.

Company profile

Name: Tabby
Founded: August 2019; platform went live in February 2020
Founder/CEO: Hosam Arab, co-founder: Daniil Barkalov
Based: Dubai, UAE
Sector: Payments
Size: 40-50 employees
Stage: Series A
Investors: Arbor Ventures, Mubadala Capital, Wamda Capital, STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and AB Accelerator.

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 


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