Monday 2 December 2013

Dubai’s chance to rework financial commitments | GulfNews.com

Dubai’s chance to rework financial commitments | GulfNews.com:

"With the issue of who would host Expo 2020 having been settled in Dubai’s favour, the focus has shifted to the tangible - and intangible — benefits the show will bring the host city. No one is in doubt that the multiplier effects of the huge infrastructure build-up required for holding such a mega-event will bring substantial prosperity and impetus to the local economy during the pre- and post-phases of the landmark show.
In general, experience from past expos has shown that the direct revenue generation from hosting the event would be more or less similar to the investments required for creating the necessary infrastructure, with maybe a billion or two ending up on either side of the equation. That need not, however, be the case with Dubai.
Given Dubai’s track record in optimising advantages from similar events, Expo 2020 will most likely bring much more benefits to the city and the region compared to what Shanghai in China, Yeosu in South Korea or Zargoz in Spain — venues for the past three editions of the global exposition — managed to do."

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