- Image Credit: Gulf News Archives
- A computer image of the proposed Expo 2020 site superimposed on an aerial view of Dubai at night.
Paris: The UAE’s announcement of €150 million (Dh734 million) Expo Live
support package for participants from the developing countries and a further
€100 million Partnership Fund to spur ideas, innovation and entrepreneurship, is
expected to work as a tonic for the UAE’s Expo 2020 bid, officials
said.
This is part of the Dh30.84 billion Expo 2020 bill as pledged by the UAE in
its bid dossier. Its capital funding requirement of €5.21 billion includes some
projects, such as the Dubai Metro extension of Dh5 billion, that are likely to
go ahead whether or not the expo bid succeeds.
The fair’s projected €1.25 billion operating costs would be covered by
revenues from ticket sales, sponsorship, food and beverage sales, merchandising
and other sources, according to the dossier.
The announcement, made by Princess Haya Bint Al Hussain, wife of His Highness
Shaikh Mohammad bin Rashid Al Maktoum, Vice-President and Prime Minister of the
UAE and Ruler of Dubai, at the 153rd General Assembly of the Bureau
International des Expositions (BIE) in Paris on Wednesday, virtually guarantees
a wider participation for Expo 2020, if held in Dubai.
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