As Dubai residents celebrate the city being
awarded the hosting of World Expo 2020, authorities last night released a celebratory video
officially launching the event, featuring Crown Prince Sheikh Hamdan bin
Mohammed bin Rashid Al Maktoum sitting atop the world’s tallest building waving
the UAE flag.
Dubai was awarded the right to host the Expo 2020
event following a successful campaign that culminated in victory in Paris on
Wednesday night. At the 154th Bureau International des Expositions (BIE), the
Gulf emirate defeated rival bids from Turkey’s Izmir, Brazil’s Sao Paolo and
Russia’s Yekaterinburg following three rounds of closed voting.
About 25m tourists are expected to visit Dubai
during the six-month event if it wins, while Sheikh Ahmed bin Saeed Al Maktoum,
the emirate’s top financial official and a member of the Expo committee, said
the emirate would invest $8.1bn in new infrastructure if it was successful in
its bid to host Expo 2020. Infrastructure would include new roads, an extension
to the metro, as well as the site itself, in Jebel Ali.
It is also expected to boost Dubai’s annual
economic growth by 1 percentage point and create 277,000 new jobs.
Click here for a detailed account of the emirate's
journey to victory and a breakdown of the votes during the three rounds.
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