Expo 2020 Dubai expected to add $42bn to UAE economy until 2042, EY says – The National

Expo 2020 Dubai expected to add $42bn to UAE economy until 2042, EY says – The National

Expo 2020 Dubai and its legacy are expected to contribute Dh154.9 billion ($42.2 billion) in gross value added (GVA) to the UAE economy from 2013 to 2042, according to a report by consultancy EY.

The Expo, which welcomed 24.1 million visits during its six-month run from October 2021, is also expected to support more than a million full-time equivalent (FTE) job years, equal to more than 35,000 FTE jobs per annum in the UAE over the same period, the London-based consultancy said.

The sectors contributing most to GVA — a measure of economic productivity — are events and business services (Dh75.5 billion), followed by construction (Dh31.9 billion) and restaurants and hotels (Dh23.1 billion), the report said.