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we do hope that Dubai will win the EXPO 2020 bid today...)

MINI COOPER S

If Dubai wins the bid to host World Expo 2020, the emirate will invest AED 30bn ($8.1bn) in new infrastructure, Sheikh Ahmed Bin Saeed Al Maktoum told Bloomberg.

“We need to extend maybe the metro, the road infrastructure to the site and doing a lot on the site itself,” Sheikh Ahmed bin Saeed Al Maktoum, head of Dubai’s Supreme Fiscal Committee and chairman of Emirates airlines, told Bloomberg in an interview at the Dubai Airshow this week.

The bid announcement is due on November 27, but Dubai has emerged as the frontrunner to host the global event.

When asked about how the money would be raised, Sheikh Ahmed told Bloomberg financing the expenditure “makes sense” and has a “business case” but did not elaborate.

Government forecasts say Dubai’s economy is expected to expand an average 4.6% a year between 2012 and 2015, double the rate of the previous four years, Bloomberg said.

Dubai is competing against three other cities for the bid: Ekaterinburg, Russia; Izmir, Turkey and Sao Paolo, Brazil.

The winning bid is set to bring 70 million visitors to the emirate and create 277,000 new jobs, the majority of which would be in hospitality and construction.

Should Dubai win the right to host the World Expo 2020 when the vote is announced in Paris on Wednesday, big firms in the UAE will be looking to get their slice of a boom in trade likely to follow.

But small business owners in Dubai are also preparing for a boost if the emirate is successful with its Expo bid, writes Megha Merani.

Dubai-based entrepreneurs consider themselves not only privileged, but also critical stakeholders in the government’s efforts to fuel the nation’s economy by creating an environment in which small and medium enterprises can thrive. But they recognise that their fate lies in their own hands, so the time to plan is now.

Small businesses putting plans in place for an Expo 2020 trade boom....)

2 more days remaining to declare the host country name for EXPO 2020...) we do hope UAE will win the EXPO 2020 BID...)

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