How Can the MENA's Interiors and Furniture Industry Benefit From Dubai Expo 2020

November 27th 2013 was a good day for the GCC countries and particularly for UAE. After an exciting nights voting in Paris, Dubai won the hosting of the World Expo in 2020. Dubai's performance improved with every amount of voting, until it ended on top of the ranking before Russia and Turkey, the two biggest competitors. But how exactly will this expo benefit the region and UAE?

What is World Expo?

World Expo 2020 is a large and public fair that takes place every 5 years and where participants from most of the industries exhibit their products. The very first World Fair took devote London, UK, in 1851, beneath the title "Great Exhibition of the Works of Industry of All Nations ".The Great Exhibition was considered as the first international expo of manufactured products and was the most used fair as a result of development achieved on several aspects of society. This expo parkside by emaar continues to take place till today, but under a different name; World Fairs or World Expo. The coming editions of the exhibition will soon be held in Milan, Italy (2015) and Dubai, UAE (2020).

How can the MENA's interiors and furniture industries take advantage of Dubai Expo 2020?

Following the bid announcement, the government alongside the retail, residential and hospitality industries have started their journey toward the Dubai World Expo 2020. This event is a great opportunity for furniture suppliers and interior design companies as they will be highly solicited to equip the Expo and the city's hospitality plan. Three megaprojects are set to cater for the visitors of the fair:

1) The Expo site: The construction and fit-out of 438 hectar space financed by the Government of Dubai in just a $8.8 billion budget.

2) Mohammed bin Rashid City: The acceleration of the retail, residential and hospitality projects within the +$60 billion budget of the megaproject.

3) The Dubai World Trade Central: The acceleration of the retail, residential and hospitality districts within the +$31 billion budget of the megaproject.

The construction of 60 new hotels to welcome the expected 25 million visitors offer the indoor and outdoor furniture stores in UAE and specially in Dubai wide opportunities. Over 450 new restaurants will open, and many existing ones will want to renew their decoration and give a better image with new indoor and outdoor furniture. Experts foresee a huge development in the furniture manufacturing industry. However, they're not the only real ones benefiting from this expo. The media, telecommunications, tourism and education sectors may also be experiencing an obvious development. This will obviously bring about boosting up the economy of UAE. And according for some experts, the expo hosted in Dubai will also give a force to the economy of neighboring GCC countries, which may also benefit the interiors and furniture manufacturers in countries like KSA, Bahrain, Qatar, Kuwait etc. Any business who can get involved in this Great Exhibition, will make an effort to participate since it will grant big exposure.