The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
- BIE (@bieparis) May 29, 2020
The global mega event will now run from October 1, 2021 to March 31, 2022, a delay that allows all participants to safely navigate the impact of Covid-19, and allows the World Expo to focus on a collective desire for new thinking to identify solutions to some of the greatest challenges of our time.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports, President of the Dubai Civil Aviation Authority, Chairman and CEO of Emirates Group, and Chairman of the Expo 2020 Dubai Higher Committee, said: "We welcome the decision of BIE Member States to support the delay Expo 2020 Dubai by one year. We are thankful to Member States for their continued commitment to contributing to a World Expo in Dubai that will play a pivotal role in shaping our post-pandemic world at a time when it will be most needed.
With a BIE General Assembly impossible to stage due to Covid-19 restrictions, Member States voted remotely on the BIE Executive Committee's recommendation for a delay as proposed by the UAE Government at the beginning of April and recommended by the BIE Executive Committee on April 21. While the vote remained open until May 29, the two-thirds threshold was surpassed within a week of voting opening on April 24.
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
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