Budget for Expo 2020 site could exceed $8bn
The budget for the Expo 2020 site is estimated between $8.1bn and $8.7bn, according to the latest BNC Network report commissioned by The Big 5.
Situated midway between Abu Dhabi and Dubai, the Expo site will be served by a world-class road network, a brand-new extension to the Dubai metro system and three international airports.
Bringing together more than 180 nations and an international audience of 25 million visitors, the Expo 2020 Dubai site is currently under development on a 438 hectare area in the Dubai South (DS) district.
Announced back in 2000 and formerly branded as Dubai World Central, Dubai South has been divided into eight sub-districts including commercial, residential, logistics, aviation, golf, humanitarian, airport and exhibition sites forming a 145-square-kilometer urban area that will be built in stages.
According to BNCs report for The Big 5, $30mn are being allocated to develop the Expo Village at the Dubai Exhibition City in DS. This project, which is currently in the tender phase, consists of a residential development providing full-time housing facilities for participating countries staff working on the Expo.
After its completion, expected by 2018, pavilion construction activities will start. The $30mn UAE Pavilion will cover 15,000 square meters project and include exhibition areas, an auditorium, food and beverage outlets and VIP lounges.
Running from 21 to 24 November at DWTC, The Big 5 2016 will host over 3,000 exhibitors and is expected to welcome 75,000 visitors.
The Executive Director of the Expo 2020 Dubai Bureau, Najeeb Al-Ali (pictured), will present A preview of the much-awaited Expo 2020 Dubai: Delivering the first mega event in the Middle East, at The Big 5s Excellence in Construction Summit from 2:00 to 2:30 pm.
Taking place on 22 November 2016, the Summit is organised with the strategic support of the Dubai Economic Council (DEC) and will gather 500 industry leaders to discuss current and future trends of the construction sector in Dubai, the GCC region and beyond.