Dubai sets aside $540m reserve to boost Expo 2020 - Arabianbusiness:
Dubai government has announced a special reserve of three percent of total expected expenditures in 2020 to support the objective of making Expo 2020 Dubai the world's greatest show.
The reserve of nearly AED2 billion ($544 million), a first for Dubai, is in accordance with the principle of preparing for the Expo 2020, a statement said.
The announcement came as Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum, also Vice President and Prime Minister of the UAE, approved a three-year budget cycle for the Government of Dubai for the 2020-2022 period.
The three-year budget cycle, which forecasts total spending of AEED196 billion, meets the aspirations of Dubai’s future, and confirms its determination to continue raising people's happiness and stimulating entrepreneurship, the statement said.
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