Are Investors Pinning Too Much On a Dubai Expo Win? - Middle East Real Time - WSJ

Are Investors Pinning Too Much On a Dubai Expo Win? - Middle East Real Time - WSJ:

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Reuters

A booth on a beach in Dubai carries the Expo 2020 logo.

Talk these days in sunny Dubai centers mostly on the emirate hosting the world expo in 2020 – and the potential economic windfall such an event would bring.

It still of course has to win the right to host the exposition in a vote scheduled for end-November. And to push its case, the emirate is rolling out the red carpet this week for representatives of some 167 member nations of the organisation that oversees the expo – Bureau International des Expositions.

The mood in the desert state however is buoyant amid expectations that Dubai — flaunting its regional trade and tourism hub credentials — is a front-runner to win among bids from the cities of Ekaterinburg in Russia, Izmir in Turkey and Sao Paulo in Brazil."

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