The World Expo 2020 win provides a further boost to Dubai’s strong economic recovery and it will attract huge investments in almost all sectors in the emirate. This was echoed by industry specialists from real estate retail, hospitality, banking, education sectors and Dubai Chamber of Commerce and Industry’s top official at a panel discussion at the launch of Oxford Business Group’s (OBG) new investment guide for 2014.
The Report: ‘Dubai 2014’ examines the new investment opportunities, which the Expo 2020 is set to produce, particularly in infrastructure, tourism and transport development. “2013 is the best year we ever had during the past five years across the board. Major highlight of 2013 and its impact on 2014 was Expo 2020 announcement. This is really a turnaround event,” Hamad Buamim, chief executive officer of Dubai Chamber of Commerce and Industry, said in his opening remarks at the launch of the report.
Referring to Expo 2020, he said: “We started this year with high tone.” Last year was a great year in terms of real estate recovery as the rebound was quite well, he said, adding: “Growth will continue in property sector, but I don’t see same growth level in 2014.”
