Media reports had suggested the trip would begin as soon as Sunday and last two days
- Khaleej Times (@khaleejtimes) January 23, 2018
Set to open doors to the world on October 20, 2020, Expo 2020 on Monday awarded two major contracts worth Dh670 million to Laing O'Rourke to build two pavilions and an access road for Expo 2020.
The organisers awarded construction contracts worth more than Dh10.8 billion in 2017 while Dh411 million was allocated for non-construction contracts. In total, 2,745 contracts have been awarded to date.
"It is fair to say the property sector is placing great emphasis on Expo 2020, riding the coat-tails of this very prestigious international event. 1000 days to go, we are all going to be very busy making sure Expo 2020 is a incredible success. Exciting times lie ahead," said Jason Hayes, founder and CEO, LuxuryProperty.com.
Vijay Doshi, founder and managing director, Vincitore Real Estate, said the reverberations of Expo 2020 can be felt throughout the property market.
"For one, significant cash flow amounting to close to $40 billion is expected to be injected into the economy in the run-up to the event. This will be supported by an influx of more than 20 million visitors and help create over 300,000 new jobs in the process. Such large numbers of tourists will help Dubai's hospitality and tourism industries to generate revenue to strengthen the economy," said Doshi.
The emirate will preserve the site and transform it into a legacy. Not just that, Expo 2020 will also set the standards for sustainability guidelines for future projects within and outside the UAE, said Ahmed Al Khatib, VP real estate and delivery, Expo 2020 Bureau.
- waheedabbas@khaleejtimes.com
With inputs from Deepthi Nair
Media reports had suggested the trip would begin as soon as Sunday and last two days
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles