According to industry analysts, the World Expo 2020 Dubai will improve the UAE's logistics industry as billions of dollars are spent in infrastructure and logistics facilities in preparation for the mega event.
The Expo 2020 venue is expected to cost more than $8 billion. The Expo site will be connected by a world-class road network, a brand-new addition of Dubai's metro system, and other infrastructure.
"Mobility, in my opinion, is one of the main foundations of Expo 2020. The mega expo is a window of opportunity for connecting individuals, products, and innovations, as well as having convenient access to markets, information, and creativity "said Shailesh Dash, chairman of Gulf Pinnacle Logistics in Dubai. The cost of the UAE pavilion is estimated to be Dh353 million. The 15,000-square-meter project would include an exhibition room.
Exhibition zones, an auditorium, food and beverage stores, and VIP lounges will be included in the 15,000 square metre scheme. The UAE pavilion, designed by Spanish architect Santiago Calatrava and inspired by a falcon in flight, will be constructed in accordance with sustainable building standards.
The global Expo will bring together over 180 countries and millions of people to celebrate human creativity under the theme "Connecting Minds; Creating the Future." According to the Dubai government, approximately 25 million people are expected to attend the Expo between its opening day on October 20, 2020 and its closing day on April 10, 2021.
"Due to Expo 2020 and the global transition momentum within Gulf economies, as well as for more economic integration and collaboration in the regional bloc," Dash said.
The UAE is home to one of the world's busiest airports, Dubai International Airport, as well as the world's biggest container port outside of the Far East, the Port of Dubai.
According to Rodney Viegas, general manager of Dubai-based Abdul Mohsen Shipping, the logistics industry has seen strong developments over the last 18 months as many regions have recovered from the recent economic downturn. "The recent recovery in oil prices, which just reached $80 a barrel, is a major engine of economic development."