If you’re one of the millions planning on a company formation in Dubai,
here’s why you should mark October 20, 2020 on your calendar.
The booming city of Dubai is set to host Expo
2020, which would be a first for the Middle East, Africa, and South Asia
region. More than 200 nations, organizations, businesses, and institutions are
expected to participate in this once-in-a-lifetime entrepreneurial celebration.
The World Expo, officially known as
International Registered Exhibitions, is one of the oldest and biggest events
in history. It is organized every five years and welcomes every country in the
globe to showcase the best of what they have to offer. This year, it will run
from October 20th, 2020 to April 10th 2021 and will be
open seven days a week.
Will the upcoming Expo 2020 boost new businesses?
Business setup consultants in
Dubai think so! It is believed that around 80% of participants will
bring business delegations, host unique business programs and look forward to
enhancing global trade. This will provide the opportunity of a lifetime for
start-ups and international conglomerates alike.
With Expo 2020 expecting to attract up to 25
million visitors in just six months, it will shift UAE’s tourism industry to
the next level. This is an amazing chance for new businesses to connect with
potential customers face-to-face and build relationships.
Dubai being chosen as the host for the global
gathering also speaks volumes. It only proves that the commercial capital has
been considered an international player and specialist in tourism, hospitality,
and retail. This exposure alone could boost other sectors of the market as
well, including new businesses.
The Expo site which covers 4.38 square km will
become District 2020 after the event and will feature office and residential
spaces, cultural attractions, parks and leisure amenities. These improvements
will add lasting value to the region and give new businesses a boost.
An event of this scale will also bring in a
surge in employment. Expo 2020 is estimated to create more than 270,000 new
jobs in the UAE in order to cater to millions of visitors. This gives new
businesses access to a far greater pool of skilled workers and opportunities to
hire the best of international talents.
ARE YOU PLANNING TO SET UP A COMPANY IN THE UAE?
- Legal Documents for Every Startup
- Need a lawyer for small business?
- Importance of Hiring a Business Lawyer
- How to Set Up a Business in Dubai
For a quick and easy process of company formation contact or visit us today!
