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$3bn Construction Contracts Up for Grabs as Dubai Prepares for World Expo 2020

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$3bn construction contracts up for grabs as Dubai prepares for world expo 2020

Dubai continues its preparations for the 2020 World Expo with the announcement that 47 construction contracts worth $3bn will be awarded to local and foreign companies.

According to Arabian Business, this will ensure the majority of projects will be completed a year before the fair opens.

The World Expo 2020 will run between October 2020 and April 2021. It is being billed as a festival of human ingenuity. The event is expected to attract an international audience of 25 million visitors over six months.

Development of the 438-hectare (1,082 acre) expo site is expected to cost $6.8bn.

This latest phase of construction will include car parking, three pavillion districts and public areas.

According to the article, the authorities are hopeful that 80 percent of the facilities will be in use after the Expo ends.

Image credit: Arabian Business

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http://www.arabianbusiness.com/dubai-award-3bn-construction-contracts-for-2020-world-expo-661487.html

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Charles Read

Charles is Managing Director at Blooloop. He attends numerous trade shows around the world and frequently speaks about trends and social media for the attractions industry at conferences. Outside of Blooloop his passions are diving, trees and cricket.

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