EXPO 2020 DUBAI TO ADD $42BN TO UAE ECONOMY AND SUSTAIN 35,000 JOBS A YEAR

Expo 2020 Dubai was a $42bn triumph and will create money and jobs for decades to come says a new report. Expo 2020 Dubai has been labelled a “triumph” and will add more than $42bn to the UAE economy. The World Expo event was a huge success, which welcomed more than 24m visits and will sustain 35,000 jobs a year for decades to come. The best, according to a report from EY, is yet to come. Expo 2020 Dubai and its legacy are expected to contribute AED154.9bn ($42.2bn) of gross value added (GVA) to the UAE’s economy from 2013 to 2042, the EY report says. The World Expo, which welcomed 24.1 million visits during its six-month run, is also expected to support approximately 1,039,000 full-time equivalent (FTE) job-years, equal to more than 35,000 FTE jobs per annum in the UAE over the same period. Source: Arabian Business