KHALEEJ TIMES, Tuesday, Jun 12, 2018 | Ramadan 27, 1439
Expo 2020 to boost logistics sector
The World Expo 2020 Dubai will boost the logistics
industry in the UAE as billions of dollars are being invested in infrastructure
and logistics services in preparation for the mega event, according to industry
The budget of the Expo 2020 site is estimated at
more than $8 billion. The Expo site will be served by a world-class road
network, a brand-new extension to the Dubai metro system, and three
"I believe mobility is one of the key pillars of
Expo 2020. The mega expo is a window of opportunity that will connect people,
goods and ideas in addition to providing easy access to markets, knowledge and
innovation," said Shailesh Dash, chairman of Dubai-based Gulf Pinnacle
Logistics. The UAE pavilion will cost approximately Dh353 million. The 15,000
square metres project will include exhibition areas, an auditorium, food and
beverage outlets and VIP lounges. Designed by Spanish architect Santiago
Calatrava and inspired by a falcon in flight, the UAE pavilion will be built to
embrace sustainable building principles.
The global Expo aims to bring together over 180
countries and millions of people to celebrate human ingenuity: "Connecting
Minds; Creating the Future." The Dubai government estimate suggests around 25
million people are expected to visit the Expo between its opening day on October
20, 2020 and its close on April 10, 2021.
"The logistics industry in the UAE is at a very
interesting turning point due to Expo 2020 and the economic transformation
momentum within Gulf economies as well as for further economic integration and
cooperation in the regional bloc," said Dash.
The UAE is home to one of the world's busiest
airports, Dubai International Airport, and the largest container port outside
the Far East, namely, the port of Jebel Ali.
Rodney Viegas, general manager of Dubai-based
Abdul Mohsen Shipping, said the logistics industry witnessed positive trends
during the past 18 months across the world as many regions recovered from the
economic slowdown of the past few years. "Recovery in oil prices which recently
crossed $80 a barrel, is a key driver for economic growth."