$7b Expo 2020 spend won’t pressure Dubai - Khaleej Times

$7b Expo 2020 spend won’t pressure Dubai - Khaleej Times:

"According to economists, an Expo 2020 win would boost Dubai’s local economy up to one per cent.

Hosting World Expo 2020, which requires $7 billion in capital spending, will put relatively little financial pressure on Dubai’s government, EFG-Hermes said.

Wael Ziada, head of research at EFG-Hermes, said Dubai’s budgeted $7 billion in capital spending for the Expo bid includes $1.4 billion for a metro extension, most of which is likely to be spent towards the end of the decade.

In a research report, Ziada argued that Expo 2020 is a good fit with Dubai’s existing strengths.

He said the emirate’s economy is likely to develop along the same path regardless of whether Dubai is awarded the right to host Expo 2020 on November 27."

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