After this pandemic-driven slowdown in global travel, tourism, and trading, the UAE economy is set for better growth and development. In Nov 2013, the United Arab Emirates won the pledge to organize Dubai Expo 2020 by the Bureau International des Expositions (BIE). Unfortunately, the Dubai expo got postponed due to COVID-19, but now it is back and much better than expected. Even though the opening ceremony of the Dubai expo was held on 1st October 2021, organizers named it “Dubai Expo 2020.”

Since the pandemic crisis, the largest global event has attracted around 3 million people in the first month, and the event will run till 31st March 2022. With over 200 pavilions, food venues, and live performances, it is not possible to experience everything in just a day.

Besides this, experts have also pointed that the coming year will be a little challenging for some of the critical UAE sectors. However, they are heading towards improvement, and the Dubai Expo 2020 proved to be a critical factor in aiding the recovery.

As per research, Dubai Expo 2020 is considered the biggest opportunity for SMEs (Small & Medium Enterprises). The reports state that SMEs contribute around 42% of Dubai’s total employment and produce over 40% of gross value. Thanks to the Dubai Expo 2021, that is helping SMEs generate a value addition of AED 71 billion. Not only this, there’s a lot more impact of the Dubai Expo on UAE’s SME landscape.

Opportunities for SMEs in Dubai Expo 2020

In Dubai Expo 2020, big organizations like Emaar, Nakheel, Meraas, and more are developing large-scale projects that include the expansion of new forecourts at Maktoum International Airport, expansion of the metro line Dubai, and development of the Expo 2020 site. Such projects will offer an amazing opportunity to SMEs as the event will produce over 300,000 direct jobs and around 1 million indirect job opportunities.

Overall, SMEs and medium-size enterprises can utilize this Dubai Expo 2020 schedule by–

  • Focusing on business development
  • Boosting relationships with customers
  • Possessing required business resources
  • Creating a competitive edge for themselves
  • Generating brand value

The best part about Dubai Expo is the benefits aren’t limited to UAE, but the people from different places and regions can boost their SME landscape, as discussed below.

Key Benefits of Dubai Expo 2020

Dubai Expo 2020

Here is a short glimpse of the key beneficiaries that Dubai Expo 2020 brings this year –

  • Job creation
  • Economic diversification
  • Hospitality & tourism
  • Foreign investment
  • Other major attractions

These are some of the perks that Dubai Expo 2020 brings this year and positively impact the SMEs landscape. Besides this, there are some great impacts that Expo 2020 is marking on SMEs. Let’s discuss them in detail.

Boost Foreign Investment

This is the first time in history when Dubai Expo 2021 location is in the MENA region. This will be the largest global gathering of around 25 million visits around six months post-pandemic. This Expo has turned into a celebration of triumph and the power of human collaboration. The event is expected to generate around $150bn in FDI (Foreign Direct Investment) across multiple sectors, including tourism, hospitality, real estate, construction, and infrastructure.

The main target of Expo 2020 is to obtain 50% of its energy requirements from renewables. So, business owners who are more likely to take advantage of a greener landscape will find UAE the right place to invest in greener investment technology.

Increase in Talent Pools & Jobs

As discussed above, the increased economic activity throughout the UAE attracts a new talent pool and creates nearly 300,000 new jobs in Dubai. While catering to working professionals, Dubai Expo 2021 offers amazing opportunities to students and freshers. Besides this, Dubai’s Ministry of Youth has organized an apprenticeship program to run along with Expo 2020. This event offers Emirati youth training opportunities to act as a stepping stone towards a progressive career.

New Business Opportunities

The Expo has opened doors for multiple new business opportunities, from small-scale businesses to big enterprises like mobile app development company. The same will continue for the coming six months. Since the event offers a helping hand to SME’s growth, more business opportunities are awaited.

In the past few years, the UAE government has backed the initiative to benefit SMEs for creating global challenges for tomorrow. But, the influx of Expo enhances the opportunities in the future and pays off the growth of the country’s economy.

How Can Dubai Expo Benefit Your SME?

Dubai Expo 2020

Research predicts that enhanced economic activity will attract more to the United Arab Emirates, generating more business opportunities for SMEs and entrepreneurs. Dubai Expo theme has been awarded 45000 contracts which are more than half SMEs owned. In addition, small enterprises can also take advantage of the govt. District 2020 partnership with Dubai SME to expand their business platforms. Overall, the district 2020’s development is designed to support the UAE’s vision 2021 by supporting sustainable economic development & developing a supporting ecosystem for transport, tourism, and construction industries.

So, if you run one such small scale enterprise or planning to start one, the Dubai Expo can be an amazing opportunity to step into the business world and earn great profit.

Dubai Expo 2020 Presenting Unrivalled Opportunities

This Expo 2021 is offering an unprecedented platform for SMEs worldwide to establish themselves in the UAE. It will also offer entrepreneurs the chance to attract investments, develop new markets, and collaborate products & services. The United Arab Emirates expo is offering vast opportunities in various fields that will expose the country worldwide.

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