News

Expo 2020-related projects reach USD 33 billion

19 de outubro de 2017

Dubai will host the world exhibition in three years’ time. The list includes infrastructure works and residential, commercial, hospitality and leisure real estate developments.

São Paulo – The value of projects related to the Expo 2020 reached USD 33 billion, according to information released this Thursday (19) by BNC Network, a company that monitors the construction industry market in the Middle East and North Africa. The world exhibition will be held three years from now in Dubai, United Arab Emirates.

According to the survey, these projects includes infrastructure works, transportation and mixed-use residential, commercial, hospitality and leisure real estate developments. The expectation is for most of these projects to be concluded for the Expo 2020.

“Both the public and private sectors have mobilized their best resources to complete these projects on time,” said the CEO of BNC Network, Avin Gidwani, according to a company’s statement.

Most of the developments are concentrated in Dubai South, a 145 square meters area around the Al Maktoum International Airport. In all, 2,000 civil ventures, such as buildings, storages and exhibition pavilions, among other structures, are in the plans.

Al Maktoum is the emirate’s second international airport and stands near Jebel Ali, next to the future area of the exhibition and near the Abu Dhabi border. Dubai plans to turn this airport in a large cargo and passenger hub, with five runways and a capacity for 220 million passengers and 16 million tons of cargo per year.

Dubai South will be divided in districts: the Logistics District, with a connection between the airport, the Jebel Ali Free Trade Zone and the namesake port; the Residential District, with a capacity to house 250,000 people when completed; the Commercial District, with commercial developments and hotels; the Exhibitions District; the Aviation District, for the aerospace industry; the Business Park Free Trade Zone; and the Humanitarian District, planned to host installations and events of humanitarian aid organizations.

According to the BNC Network, when these projects are concluded, the expectation is for them to generated 500,000 jobs.

*Translated by Sérgio Kakitani