Spectacular drone footage of the Expo 2020 site has given a tantalising glimpse of what awaits people in three months.
Finishing touches are being put on structures across the site in the Dubai South area before the grand opening on October 1.
Footage shared by the Expo pans across the majestic Al Wasl Plaza, called the 'heartbeat' of the site.
The massive dome sits in the centre of three themed districts – opportunity, mobility and sustainability.
The bird’s eye view offers a glimpse of the steel rings that cover the translucent dome.
Spectacular shots of the Dubai Metro line show it snaking into the gold-winged structure of the Expo 2020 Metro Station.
The camera then swoops over the vast Dubai Exhibition Centre that will host global exhibitions and concerts throughout the six-month World Fair.
When the drone hovers high over the gigantic roof of the Sustainability Pavilion, it gets close enough to capture each of the more than 1,000 solar panels that blanket the canopy.
Viewers can count the surrounding 18 "energy trees" that tilt back as they track the sun. The unique architecture ensures the solar cells store and generate sufficient alternative electricity to cover the pavilion’s requirements throughout the Expo.
Panoramic drone shots are mixed with street-level video of what it is like to walk along the shaded pathways built across the site.
The steps leading to the amphitheatre around the mobility pavilion are tucked in the shade of three arms of the stainless steel-rimmed building.
Once the World Fair opens, visitors can rest here or watch planned demonstrations featuring hoverboards and jet packs.
The footage also provides a peek into the "opportunity pavilion" with its layered glass panes stacked on top of each other.
Little has been revealed about the site's interior but the footage shows the terracotta plaza that aims to bring people together.
Even from a distance, standout country pavilions can be seen from the UAE’s winged falcon facade, the red and yellow colours of Spain’s tall cones, the expansive window of Saudi Arabia's structure that opens to the sky and the earthy rectangular blocks of Morocco’s offerings.
The footage shared by the Expo team also gives a sneak peek of the site at night with fairy lights framing the trees and the colourful beams illuminating Al Wasl Plaza.
The Expo will launch a mobile app so residents and tourists can keep up-to-date with information about the 60 events per day, from parades to workshops and firework displays.
World Expos usually take place every five years but Expo 2020 Dubai was delayed by a year due to the coronavirus pandemic and allowed to keep its original name.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer