Post-Expo 2020 phase to boost #UAE GDP by $17bln, study says | ZAWYA MENA Edition

Post-Expo 2020 phase to boost UAE GDP by $17bln, study says | ZAWYA MENA Edition:

The legacy phase of Expo 2020 Dubai is expected to inject nearly 62.2 billion UAE dirhams ($16.9 billion) into the UAE economy between 2021 and 2031, according to a report titled ‘The Economic Impact of Expo 2020 Dubai’ released on Monday.

The report, commissioned by the organisers of Expo 2020 and conducted by Big Four accountancy firm EY, examines the impact of Expo 2020 on the UAE’s Gross Domestic Product (GDP) and employment both from ‘direct’ increases in economic activity, ‘indirect’ benefits of increased supply chain demand and ‘induced’ benefits from increased spending by employees of firms involved in Expo 2020.

The economic impact of Expo 2020 totals 122.6 billion dirhams ($33 billion) gross value added (GVA) to UAE’s Gross Domestic Product (GDP), the EY report said, occurring over three phases – pre-Expo, during Expo and legacy.