Plans to hold the World Expo event in Dubai in 2020 will create more than 277,000 jobs, according to a new report.
The study by Oxford Economics said 277,149 jobs would be created between 2013 and 2021, 40 percent of which would be within the travel and tourism sector.
The report estimates that 90 percent of the projected employment opportunities would occur from 2018 to 2021 with the ramp up to Expo 2020 and the demand generated by the 25 million expected visitors.
Dubai is competing against Ayutthaya (Thailand), Ekaterinburg (Russia), Izmir (Turkey), and Sao Paulo (Brazil) to host the expo.
The winner will be announced in November following a vote by the 163 member nations of the Bureau International des Expositions, the international organisation responsible for selecting World Expo host cities.
Recently, both former US president Bill Clinton and London Mayor Boris Johnson have added their support to the UAE's bid.
"Out of the 90 percent, 147,000 jobs would be created in the travel and tourism sector, indicating the significant potential to convert a high percentage into permanent jobs to serve the expanded economy in the post-Expo period," the report said.
It added that for every Expo employee approximately 60 additional jobs will be sustained across other parts of the MENA economy.
Reem Al Hashimy, UAE Minister of State and managing director of the UAE's Higher Committee for Hosting the 2020 World Expo in Dubai, said: "Dubai Expo 2020 will leave a lasting legacy not only in the UAE but also beyond its borders.
"Dubai Expo 2020 will spur significant employment, trade and investment opportunities for the entire MENASA region, leaving lasting economic impact."
Helal Saeed Al Marri, director general of Dubai's Department of Tourism and Commerce Marketing and CEO of the Dubai World Trade Centre added: "Dubai Expo 2020 can expect to attract 25 million visitors during the six months between October 2020 and April 2021, 71 percent of which would originate from outside the host nation for the first time in Expo history.
"This is important because the additional demand created by World Expo would provide real and exciting opportunities in employment, new attractions and incentives for the travel and tourism sector, not just for the UAE but for neighbouring countries in the region and beyond."
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