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Published on : Friday, November 22, 2013
Will we? Won’t we? That’s the question that’s been on the lips of Dubai residents during the last few weeks. In the bid for the greatest trade show on earth, the issue of whether Dubai will win the Expo 2020 has dominated newspapers, water coolers, TV reports – and, of course, the business fraternity. Holding the world’s fair would be Dubai’s defining moment, marking the transformation of the emirate into a top global centre for tourism, trade and finance.
In the last 18 months, the emirate has hauled itself out of the economic crisis, looking at brighter times ahead.
Apartment prices have jumped over 20 per cent in the past 12 months and the stock market has grown by 79 per cent this year.
The emirate has already done a great job of souping up its collosal airports, building slick hotels and welcoming millions of visitors to its trade centre, but Dubai’s ever-shrewd government knows that the Expo would be the fillip that elevates the emirate to the big time.
With its enviable position at the heart of the world, Dubai is also blessed with the necessary infrastructure, creativity and drive to put on a spectacular show.