World Expo Dubai 2020

WorldExpo Dubai 2020

WorldExpo Dubai 2020

TheGreat Exhibition,heldin London in 1851was the first World Expo. It&nbspinaugurateda hallmarkof global eventsmeantto strengthenglobal connectionsandcelebratetheculturaldiversitiesandtechnological achievementsattainedallover theworld.WordExpos are a meetingplaceforglobal economiesto sharetechnicalachievementsanddeliberateon issuesof global importance.Amongthese issues include thesustainable development,global economyandimprovedqualityof lifeamongst theworldpopulace(UNEP, 2015). Heldafter everyfive years,globalexpos becomesa significanttouristattractioncenterto millions of visitorswhowishto exploretheexhibitions,cultures,technological developmentsas wellas theculturaleventsstaged by theparticipantsof theexpo, includingtheinternationalorganizationsandbusinessesas wellas nation-states (Expo 2020 Dubai, 2015b).WorldExpos are catalystsforeconomic,socialandculturaltransformationof thehostcountry,assistingthehostto generateimperativelegacies that havefarreachingimpactson theeconomyof thehost(Hollengreen et al., 2014).Thisarticleexemplifiesthepossiblelong-term impactspositiveimpactsof World Expo scheduledto be hostedby Dubai in 2020. Thiswillbe attainedby analyzingthevariouslong-term impactsthepreviousWorld Expos on thehosts,among them China andGermany.

WorldExpo 2000

TheworldExpo 2000 washostedby Germany, Hannover, with thethemeof theExpo beingHumanity, Nature, andTechnology. Theexpo washeldin a hundred andsixty hectares of landandhada totalof eighteen million visitorsfrom allover theworld.TheHannover Expo hada hundred andeighty-seven participatingcountriesandinternationalbusinessesandorganization(UNEP, 2015). Over time,theexpo ledto thecreationof overhundred thousand jobopportunitiesin thecountry,therebyhelpingin raisingthestandardsof living.Accordingto research,theHannover Expo ledto numerousdirectandindirectmacroeconomic benefitsin thecountry,estimatedto be over 4.5 billion dollars.TheExpo lefta richlegacy, with thestructureselectedfortheexpo beingusedformajorfairsin thecountry.Theplazaof theExpo has beenturnedinto an information,technological, art,anddesignhubandgeneratessignificantrevenuesforthecity(Expo 2020 Dubai, 2015). TheExpo ledto theexpansionof thetransportnetwork,leadingto theconstructionof newroads,tram networks,railwaystationas wellas a newairportterminal.Theexpansionof thetransportnetworkhas hadfarreachingimpactson thecountry,easingthetransportationof resourcesthroughout thecountry,helpingin theindustrialization process(Expo 2020 Dubai, 2015b).

WorldExpo 2010

ThelatestworldExpo washeldin Shanghai China in 2010, with thethemeof Better City, betterlife.Theexpo washeldin a five hundred andtwenty-eight pieceof landandhada hundred andninety-two participatingcountriesas wellas fifty-four internationalorganizations(Hollengreen et al., 2014). Theexpo attractedover seventy-three million visitorsandledto therealizationof overone billion US dollaras profitsdespite thecostof fifty-five billion USD. Accordingto Bloomberg, theShanghai World Expo generatedover thirteen billion USD forShanghai tourism sector.TheExpo boostedthe residentialproperty,leadingto a dropfrom 15% to 8% forthehighendresidential(Āl-Maktūm, 2015). Occupanciesof thefive-star hotelsincreasedfrom 40% to 80%, thusan increasein theservicedapartmentoccupancyby 11% (Expo 2020 Dubai, 2015). TheShanghai Expo has a richlegacy itledtoconstructionof variousinfrastructuresof economicimportance,worthForty billion USD. TheseincludedtheExpo taxis, ferrylines,high-speedtrains.Theindustrialcitywastransformedinto a residentialandcommercialcity.Six newsubwaylineswerecreatedwith a specialsubwayline,line13 linkingthecityto theairport,andeasingmovementto andfrom thecity.Two entertainmentjointswerecreatedpriorto theexpo andremainedto be an importantsocialcenterfortheresidentsof thecity.Overtwenty thousand squarekilometers of newretailspacewascreatedeasingtheaccessibilityof goodsandserviceswithin thecity(Oxford Business Group, 2013). To date,theestablishedretailspacecontinuesto providerequisitegoodsandserviceswithin thecity,easingaccessibilityof goodsandservices,raisingthelivingstandardsof thepopulace.ThoughtheShanghai Expo wasaimedat urbanregeneration,citypositioning, andtransformation,ithas attainedsignificantcommercialbenefits.This includesscalingthefacilitiesusedduring theeventforcommercialandresidentialuse(Classic Art Group, 2014).Othersignificantlegacies of theShanghai Expo includethebeautification of thecity,thecreationof largetractsof publicparks,recreationspace,riverside promenadesandtherelocation of theheavypolluting industriesfrom thecity.However,there werenopre-established re-use strategiesof theExpos facilitieshencethere-use of thesiteis currently in theinitialstages(Expo 2020 Dubai, 2015).

Dubai

Evidently,theeventwill havesignificantlong-term impactson theimpactsDubai’s economy.Itisestimatedthattheeventwill directlycontributeto a two-percent growthin theNational GDP (Kantchevaug, 2013). Additionally, theWorld Expo will createmorethan 277, 000 jobopportunitiesto theresidents,andpriorto theevent,anda more100, 000 jobsafter theevent.Accordingto theseestimates,a majorityof thejobopportunitieswill arisefrom thehotelsandtheservicesector,which will be themajorbeneficially of theevent.TheWorld Expo 2020 will offeranimportantopportunityfortheUAE to engagetheglobal communityanddriveinnovationsandadvancementssolutionin thesustainability, economicdevelopmentandmobility(Croucher, 2013). TheExpo will coincidewith theGolden Jubilee of thecountryhencewill serveas a springboard to initiatea progressiveandsustainable visionforthefutureof thecountry.Usingthethemeof Connecting Minds, Creating theFuture, theexpo is expectedto attractmorethan twenty-five million visitors,whowill makeup to thirty-three million visitsduring thetimeof theExpo (Khanna, 2013).

InfrastructuralDevelopment

Theexpo will beheldin 438 hectares of landandis expectedto utilizea totalof overtwenty-five million dollarson infrastructural development.Among theproposedonsite infrastructural developmentincludetheconventionandexhibitionspace,hotels,entertainmentandotherrecreational venues andthecommercialandbusinessactivities(Oxford Business Group, 2013). After thecompletionof theExpo, themajorityof theonsite facilitieswill remain,offeringtheessentialservicestheywereofferingduring theexpo, therebyimprovingthelivingstandardsof thepopulace.Otherfacilitiessuchas thepavilions will be reused to hostvariousexposin thecountry,therebyincreasedtheprofitability of thefacilityover thelongterm(Āl-Maktūm, 2015).

Otherthan theon-site infrastructure,theeventwill promotetheextensionof thetransportnetwork,to easethetransportationof participants,goodsandservicesto andfrom theExpo venue (UNEP, 2015). Among theproposeddevelopmentsincludetheextensionof themetro red linethat will connectthecityto theairport.Additionally, a high-speedrailwill be constructed,andtheAl Maktoum International Airport (AMIA), which is thecenterpiece of Dubai World Central (Croucher, 2013). Thoughtheairporthas beenopensince 2010, theworldexpo will actas a catalystto speedup theexpansionof thepassengers’terminalto caterforthehugeinflow of visitorsduring theexpo. After theevent,theAMIA will remaina world-class facilityeasingtransportation.Additionally, theeventwill promotetheestablishmentof an integratedairfreightandsea facilityat theJebel Ali Port (Khanna, 2013). Themulti-modal freightfacilitywill be aptin allowingthecreationof a singlefreezoneforshipmentof goodsto andfrom Dubai evenin thelong-term. Thedevelopmentof theportwill be aptin boostingthealreadysignificantre-export sectorof theeconomyof Dubai (Expo 2020 Dubai, 2015).Further,thefour hundred andfifty-eight-hectare exhibitionspacewill leadto a creationof a world-class conferenceandexhibitionfacilitywithin theDWC. Thefacilitywill be aptin offeringtheglobal exhibitionandconferencing serviceslongafter thecompletionof theWorld Expo, meetingtheincreaseddemandforglobal conferencing andexhibitionsin theworld.Thefacilitywill allowthephased redevelopment of existingconferencing andconventionfacilitiesin thecountryto be usedforotherhighervaluealternatives,increasingtheir economicworth(Croucher, 2013).

TheConventionalSector

Often,theconventionalsectoris among thekeybeneficiaryof an effectivelegacy planafter a countryhostsa majorglobal event(Azmy, 2014). With carefulplanning,global eventshaveshort-term and long-term impacts on theconventionalsector,suchas thehospitalitysector.Itisestimatedthattheeventwill leadto thecreationof overforty-five thousand hotelrooms,hostels,andresidentialhousesamong others. Theconstructionof thevarioushotelsandrecreationfacilitieswill promoteurbanregeneration.Investmentsin thesectorwill leadtoincreasedopportunitiesto createiconic buildings,givingthecitya newface(Hollengreen et al., 2014). Theeventwill revitalize Dubai, improvinginvestmentsin areasthat havesufferedfrom reducedinvestmentsover theyears.Successfulcityregenerationwill createmorejobs,improvethelivingstandardsof thepopulaceandincreasethenumberof touristsover thelongterm(Vrijaldhoven, 2006).

Investmentsin thehotelandservicesectorwill continueto attractmoretouriststo Dubai, increasingforeignresources.Thehotelswill continueto provideover one hundred jobopportunitiesto theresidents,longafter thecompletionof theExpo, as wellas generatesignificantresourcesto financegovernmentexpenditure(Zhang, 2011). Theeventwill promotetheconstructionof moreresidentialhousesby thegovernmentandtheprivatesectorto providehousingservicesto thehugenumberof visitorsexpectedto attend.Thesehouseswill remainafter thecompletionof theevent,offeringaffordable residentialservicesto thepopulace,therebyimprovingthelivesof thepopulace.Additionally, theeventwill revampandempowertheretailsector,leadingto theestablishmentof themostretailsectorssuchas mallsandhypermarkets (Kantchevaug, 2013). Theseretailshopswill be createdto breakbulkandprovideessentialgoodsandservicesto thevisitors.After thecompletiontheevent,thesemallswill continuesupplyingto thelocalpopulace,easingtheaccessibilityof goods.Their profitswill be taxed,providingresourcesto financeoperationsof thegovernment(Croucher, 2013).

EnvironmentalBenefits

Environmentalsustainability has becomeone of theprominentagendasin global politics,takingthecenterstagein majorglobal events(Vrijaldhoven, 2006). Assuch,theissuewill be among thefocusissuesin theevent,establishingthevariouswaysandpoliciesto makecountriesmoresustainable andincreasingtheir commitmentsin attainingenvironmental quality(Classic Art Group, 2014).Theissueof therenewable energysourceswill playa significantrolein theDubai Expo hencetheeventwill presentthecountrywith opportunitiesto makelong-term improvementsin thequalityof water,airandurbanlandscapes(Zhang, 2011).Theseimprovementswill createattractiveandsustainable urbancentersto liveandworkevenin thelong-term (Azmy, 2014). Among thevariousstrategiestakenby Dubai in attainingqualityenvironmentincludeplantingtrees in thesite,reusing andrecyclingmaterialsas wellas reducingthecarbonfootprintduring theconstructionthevariousfacilitiesof theevent.Thesemeasureswill havefarreachingimpacts,positivelyimpactingtherealestateover thelong-term (UNEP, 2015).

Short-termConcerns

Despitetheselong-term impacts,there are short-term concernsthat are likelyto impacttheDubai Economy over thefewyearspriorto theworldExpo. Whiletheeventwill leadto notablepositiveimpactsover thelong-term, thecountryneedsto managethepossibleshort-term impactsof theExpo, to increasetheviability of theeventover thelong-term (Expo 2020 Dubai, 2015b).Theeventis likelyto causean inevitableboomin theshort-run, which ifnot wellchecked,will leadto an excessivepriceincreaseoroverdevelopment.WhiletheDubai realestatesectoris poised forgrowthanddevelopmentsin thelong-term, thesectormay leadto possiblepriceinflationespeciallyon landresourcesto buildthehotelsandotherrecreational facilities.Ifnot checked,thelandclosestto theexpo site,near theJebel Ali areaandon otherproposedinfrastructural constructionsiteswill increase(Expo 2020 Dubai, 2015b). Theincreasemay tamper with growth,andpossiblyimpacton thepriceof landin thelongrun.Relevantbodiesshould checktheseshort-term concerns,ensuringthattheydonot leadto unsustainable situationsespeciallyin therealestatesector(Kantchevaug, 2013).

Conclusion

Fromtheaforementioned,holdingglobal eventssuchas theWorld Expo, offers high number of positiveimpactson thelong-term to thehostcountries.TheHannover andtheShanghai World Expos haveevidenced thatworldexpos leadto increasedinfrastructural developments,which continueto beexploited,longafter thecompletionof theevent.Theexpos facilitiesare reused, generatingmorerevenuesin thelong-term. Additionally, worldsectorsleadto increasedinvestmentsin theserviceindustries,leadingto theconstructionof manyhotelsandrecreational facilitiesthat continueto generaterevenueforgovernmentsandprovidejobopportunities.TheDubai World Expo 2010 is a chanceforthecountryto exploittheselong-term impacts.Theexpo will leadto thedevelopmentof thetransportnetworks,suchas theexpansionof theAMIA airport,theJebel Ali portandwill continueto easetransportationlongafter thecompletionof theevent.Thefacilitiesof theeventwill beconstructedon a 438 hectares landandwill be usedto meettheincreaseddemandforglobal conferenceslongafter thecompletionof theevent.TheExpo 2020 will leadto increasedinvestmentsin thehotelandhospitalitysector,attractingmoretouristsevenafter 2021. Additionally, theeventwill leadto a creationto morethan two hundred andseventy-seven jobopportunities,as wellas increasingtheGDP growthby two percent. Assuch,holdingtheworldExpo in2020 will havepositivelong-term impactson theDubai Economy.

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