New Company Formation in Dubai is on a spike with the Expo\n2020 nearing. The Expo 2020 is to create significant economic growth in Dubai\nand will lead to rising business opportunities.<\/p>\n\n\n\n
The Expo 2020 will act as a platform for investors,\nstart-ups, entrepreneurs, innovators, academicians, tourists to experience the\nlatest advancements across the world in the field of technology,\ntransportation, communication, etc., all under a single roof.<\/p>\n\n\n\n
New\nBusiness Registrations is on a Growth Spike<\/strong><\/p>\n\n\n\n Going by the Business Registrations growth in Dubai for\n2019, there is a 6% rise in new Business Registrations compared to last\nyear. <\/p>\n\n\n\n According to the Ministry of Economy\u2019s National Economic\nRegister, a total of 32,256 New Business Licenses were issued in the period of\nJan-Aug 2019. There are a total of 572,616 Business Permits issued in the UAE\nuntil Aug 2019.<\/p>\n\n\n\n How are\nBusinesses getting ready for the Expo 2020?<\/strong><\/p>\n\n\n\n Businesses are looking forward to receiving the Expo 2020\ncrowd in full readiness. It is expected that more than 25 million people will\nbe visiting Dubai for the Expo.<\/p>\n\n\n\n Businesses are equipping themselves in the following areas\nto confront the Expo 2020 and make it a huge success.<\/p>\n\n\n\n 1. Developing Knowledge<\/strong><\/p>\n\n\n\n Companies are developing new products and services to\nattract the incoming Expo 2020 visitors.<\/p>\n\n\n\n The Expo 2020 will be a perfect venue for companies to tap\ninto the new audience base and pitch their products and services accordingly to\nboost sales.<\/p>\n\n\n\n Being a thought leader in your field and proposing new ideas\n& projects to the visitor and investors will result in getting a\nprospective funding or long-term partnership to set up a business in Dubai.<\/p>\n\n\n\n 2. Employee Training & Recruitment<\/strong><\/p>\n\n\n\n The companies are training their employees about their new\nproduct and services, customer service practices, event management, etc.<\/p>\n\n\n\n It helps in effectively catering to the estimated 25 million\nvisitors coming in for the Expo.<\/p>\n\n\n\n Also, there will be a requirement for additional staff to\ncater to the demand from the Expo 2020.<\/p>\n\n\n\n Hence, a long term strategy and effective employee\nmanagement system have to be in place to meet the upcoming demand.<\/p>\n\n\n\n 3. Strengthening the Digital Presence<\/strong><\/p>\n\n\n\n To tap into the visitors of Expo 2020, companies are\nexpanding their digital reach by being actively present across various digital\nchannels like Google paid advertising, social media, website promotions,\nforums, etc.<\/p>\n\n\n\n There are enormous opportunities that will be arising from\nthe upcoming event.<\/p>\n\n\n\n To ensure the business can be easily found and contacted,\ncompanies have to be present digitally and the content related to the Expo 2020\nmust be made available easily.<\/p>\n\n\n\n Dubai\nExpo 2020 \u2013 Gateway to the Growing Business Opportunities<\/strong><\/p>\n\n\n\n The theme \u201cConnecting Minds, Creating the Future\u201d is gaining\nhuge popularity. The Expo 2020 aspires to become a platform that brings\nknowledge, innovation, and opportunities for everyone.<\/p>\n\n\n\n Dubai is an investment hotspot for both small start-ups and\nmajor corporations.<\/p>\n\n\n\n The Expo 2020 will be perfect for businessmen,\nentrepreneurs, innovators, artists, tech pioneers, academicians to establish\ntheir strong presence in the region.<\/p>\n\n\n\n According to estimates from Jones Day Research, The Expo\n2020 is expected to generate up to USD 23 billion in revenue between the period\n2015-2021 (Based on the total spending by Government, participants, visitors,\ncommercial activities related to the event, etc.).<\/p>\n\n\n\n In addition, foreign investments in retail, hospitality and\nreal estate are expected to generate another 150 USD billion in Dubai and the\nwider UAE for the period 2015-2021.<\/p>\n\n\n\n The Expo 2020 will attract the best minds and technologies\nfrom a wide range of fields across the world.<\/p>\n\n\n\n Expo 2020\n\u2013 The right time for Business Setup in Dubai<\/strong><\/p>\n\n\n\n There is a rising demand for certain industry sectors.\nEspecially the hospital, food, beverage, medical, eCommerce, retail, travel and\ntourism, real estate and transportation.<\/p>\n\n\n\n Businesses are aiming for expansions and supply chains are\nto expand to meet the demand from the Expo. The Expo 2020 is expected to act as\na catalyst and trigger growth in many of the industry sectors.<\/p>\n\n\n\n It is aimed at pumping in significant investment in the\nregion through foreign investment. As a result, a more global workforce will be\nmoving in and setting up new businesses here in the UAE.<\/p>\n\n\n\n There no other perfect time for business setup in Dubai. To\ntap the full potential of Expo 2020, it is best to set up your store in Dubai\nat the earliest.<\/p>\n\n\n\n It is anticipated that major technology, infrastructure, and\nbusiness change is to take place in the region due to the Expo 2020.<\/p>\n\n\n\n Expo\n2020- Strengthening Dubai as a Top-Class Business Centre<\/strong><\/p>\n\n\n\n The Expo 2020 will strengthen Dubai\u2019s position as the Trade\n& IT hub of the Middle East and a major business center of the world\nsimilar to London, Newyork, Shanghai, etc.<\/p>\n\n\n\n Expo 2020 is expected to create new frontiers in terms of\ntrade lines, tourism activities, construction, and real estate.<\/p>\n\n\n\n There will an increase in highly skilled jobs in smart\ntransportation, sustainable energy, communication, etc.<\/p>\n\n\n\n To entertain the heavy tourist flow to Dubai, the government\nof Dubai is all set to launch massive tourism projects.<\/p>\n\n\n\n The tourism infrastructure is expected to serve the Expo\n2020 audience with extravagant tourism experience.<\/p>\n\n\n\n Expo 2020\n\u2013 A Platform of Opportunities<\/strong><\/p>\n\n\n\n Dubai government has announced a reserve of 3% of total\nexpected expenditure in 2020 to support the objective of making Expo 2020 a\nhuge success.<\/p>\n\n\n\n Currently, all focus is on the success of the Expo 2020. The\nthree-year budget for the government of Dubai for 2020-2022 was released and is\naimed at raising people\u2019s happiness and stimulating entrepreneurship.<\/p>\n\n\n\n The Expo 2020 will invite a large number of investors. There\nis no other perfect platform for entrepreneurs and start-ups to pitch the\nbusiness ideas that will invite global investors to fund them in their\nprojects.<\/p>\n\n\n\n Most of the investors would be interested to know new\nproduct ideas and innovations across technology, smart transport, cloud\ncomputing, cybersecurity, sustainable energy, biodiesel, wind energy, and many\nmore.<\/p>\n\n\n\n The Expo 2020 is going to be a large scale investor platform driving huge business opportunities, and long \u2013term business establishments creating new business arenas in the field of smart transportation, communication, and technology.<\/p>\n\n\n\n