Expo 2020 is set to drive business in Dubai into a new era that will see the city undergo “another big paradigm shift”, a senior executive with Dubai Chamber has said.
Tourist numbers will also see a sharp rise, with Dubai Tourism already seeing “steady growth” in visitors.
While previous world's fairs have been a window to the future, displaying innovations and inventions, many countries see Expo 2020 Dubai as an opportunity to reconnect with the world, post-pandemic.
Nestled among the bright lights of buildings of all shapes and sizes at Expo 2020 lies the Dubai Conference Centre that will be the centre for all things business at the South Dubai site.
We're starting to see a wave really build up
Omar Khan,
Dubai Chamber
It’s the conversations here, and among the myriad pavilions, that will make Expo “the world's largest brainstorming session”, according to Omar Khan, director of international offices at Dubai Chamber.
He said there is a lot of excitement about what the next six months will mean to the local business community.
“We're starting to see a wave really build up very soon. There's going to be a lot happening in Expo and in Dubai and the UAE in general,” Mr Khan said.
“I really do believe that there are going to be some unexpected positive results coming. You know, when you put the best minds together, sometimes it gets very surprising effects and then it snowballs.”
Business confidence growing
Business conditions in Dubai have been improving. The economy is forecast to expand 3.1 per cent in 2021, with Expo singled out as one of the main drivers.
Confidence among businesses in the city is also on the rise.
Dubai Chamber’s own survey this summer found that companies in the city expect business conditions to improve in the third quarter of 2021 as investor confidence grows before Expo 2020.
Mr Khan said the coming months will involve a large amount of Expo-related business activity.
“I believe that when Expo comes, I think there's going to be a big uplift [in business]. There’s going to be deals signed, and negotiations and bargains that would not have happened [without Expo],” he said.
“There's going to be a big mind meld here, and I think the results are going to be very surprising. One success story is going to become five success stories, and it’s going to pick up and there will be more and more.”
The business confidence is reflected in the recruitment drives announced by some of the UAE’s largest employers.
Online retailer Amazon announced plans to create 1,500 jobs in the UAE this year, while Emirates airline said it plans to recruit 3,000 cabin crew and 500 airport services employees in the next six months.
Steady influx of visitors
Emirates, which has headquarters in Dubai, is looking to increase its operations to cater for recovering travel demand.
“We predict large volumes of traffic during the Expo 2020 Dubai period, and forward bookings are looking very encouraging,” an Emirates representative told The National.
“We are responding to increased demand through the ramp up of our operations across the network.”
The airline, which operates 71 direct flights to the 191 countries that have confirmed participation in Expo 2020, expects further growth.
“We expect that the Expo will provide an even bigger boost to visitor numbers, and it is definitely the highlight for destination Dubai for the remainder of 2021 until April 2022,” the representative said.
“The Expo team, Emirates and all travel and tourism stakeholders have worked hard to promote this mega event and make it the focal point for accelerating the world’s post-pandemic recovery.”
Dubai has seen a steady influx of visitors since it reopened to tourists in July 2020.
Figures released this month revealed the emirate welcomed 2.85 million visitors in the first half of 2021, with numbers predicted to rise in the fourth quarter, boosted by both Expo 2020 Dubai and the UAE’s Golden Jubilee celebrations.
Dubai Tourism chief executive, Issam Kazim, said Expo will help reinforce Dubai’s position as an international centre for tourism, retail, events, business and finance as it continues to overcome the pandemic.
“As the host city for this milestone event, which marks a turning point for the post-pandemic world, it is noteworthy that our domestic stakeholders and international network of partners have played a pivotal role in our tourism recovery, leading to the reopening of the city, the restart of the events sector and the city safely welcoming a steady growth in visitors,” Mr Kazim told The National.
“Expo 2020 will help harness and build on this momentum, along with UAE’s Golden Jubilee celebrations, throughout this landmark year and beyond.”
Mr Kazim said the six-month event was an opportunity to demonstrate the best of Dubai.
“Dubai is now presented with a once-in-a-lifetime opportunity to showcase to a global audience its multifaceted destination propositions, its unparalleled generosity and true Arabian hospitality that makes it so unique and attractive for people from all over the world,” he said.
Build your brand in Dubai
Suresh Kumar, chairman of Indian Business and Professional Council, estimated that a minimum of three million visitors would come from India to Expo 2020 Dubai.
“The interest levels we’re seeing would suggest at least a few million visitors during the course of Expo from India,” Mr Kumar told The National.
He said he expects Expo to open up more opportunities for Indian businesses in Dubai, which he said would "reach out to other parts of the world to extend their businesses”.
“For instance, many of the Indian businesses from a supply chain perspective find it efficient to domicile their last mile production and last-mile delivery capabilities outside India, in a location which has excellent logistics infrastructure, and Dubai and the UAE qualify by a big margin,” he said.
Adrian Costigan, British Business Group’s lead for Expo, said there was a “large buzz among the British community in Dubai” about Expo.
After the recent announcements by the UK government to ease travel between the countries, he expects a sharp rise in visitors
“We are expecting significant inflows of UK visitors over the coming months for business and winter sun holidays. They will also take in a trip to Expo events and gatherings,” Mr Costigan told The National.
“Expo has a key role to play as a booster for UK inward tourism. All of the UK tourism organisations are well represented across the programme at the British pavilion.
“It will be difficult for visitors experiencing the storytelling of some of the new aspects of the UK’s personality and the visual impact of landscape and emotion not the plan a trip to the UK in the future.”
More than 6,000 UK companies have operations in the UAE, while large number of British own local businesses in the UAE.
Mr Costigan, who is managing director for the Middle East at A-Safe, said Covid, and the subsequent lockdowns in the UK, prompted more British businesspeople to look to expand to the UAE or relocate.
He believes Expo will grow that number even further.
“There has already been an increase in new British business setups here in the past year,” he said.
“Expo will be a catalyst for further meeting of minds, entrepreneurship and investment both in Dubai and the wider region, consequently creating opportunities for British businesses, British ingenuity and British brain power to relocate and base themselves here.”
Post-Expo, Omar Kahn said there would be a “big paradigm shift again in Dubai”, likening it to a caterpillar turning into a butterfly.
“I think Dubai is going to be much more agile, probably 10 times more cosmopolitan and it’s going to have a lot of young people,” he said.
“We’re looking at bringing in 50 multinationals in the coming few years, ones that have never been here before – and to internationalise at least 200 of our local companies.
“Our message is come to Dubai, build your brand. It’s not an easy place, it’s competitive, but it’s a very good, professional place with the right mentality. And then from here, showcase your success and we will help you make it international.”
More coverage from the Future Forum
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The specs
Price, base / as tested Dh135,000
Engine 1.6L turbo
Gearbox Six speed automatic with manual and sports mode
Power 165hp @ 6,000rpm
Torque 240Nm @ 1,400rpm 0-100kph: 9.2 seconds
Top speed 420 kph (governed)
Fuel economy, combined 35.2L / 100km (est)
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
THE CARD
2pm: Maiden Dh 60,000 (Dirt) 1,400m
2.30pm: Handicap Dh 76,000 (D) 1,400m
3pm: Handicap Dh 64,000 (D) 1,200m
3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m
4pm: Maiden Dh 60,000 (D) 1,000m
4.30pm: Handicap 64,000 (D) 1,950m
'Fantastic Beasts: The Secrets of Dumbledore'
Rating: 3/5
Directed by: David Yates
Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law
EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old
- Max Dowman (Arsenal)
15 years, 235 days old
- Jeremy Monga (Leicester)
15 years, 271 days old
- Harvey Elliott (Fulham)
16 years, 30 days old
- Matthew Briggs (Fulham)
16 years, 68 days old
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
How to donate
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
LAST-16 EUROPA LEAGUE FIXTURES
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
UAE - India ties
The UAE is India’s third-largest trade partner after the US and China
Annual bilateral trade between India and the UAE has crossed US$ 60 billion
The UAE is the fourth-largest exporter of crude oil for India
Indians comprise the largest community with 3.3 million residents in the UAE
Indian Prime Minister Narendra Modi first visited the UAE in August 2015
His visit on August 23-24 will be the third in four years
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016
Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017
Modi will visit Bahrain on August 24-25
Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm
COMPANY%20PROFILE
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UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal
Rating: 3.5/5
Day 3 stumps
New Zealand 153 & 249
Pakistan 227 & 37-0 (target 176)
Pakistan require another 139 runs with 10 wickets remaining
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