Value of Dubai’s Expo 2020 projects revealed
According to the a new report issued by the BNC Network, the development of the Expo 2020 site is expected to reach an impressive sum of US$33 billion.
So far, the amount has been used to develop a number of the site’s key attractions like Al Wasl Plaza – a massive project that, once complete, will give millions of visitors a dramatic central hub to explore. Once the six month event is over, it will be used as multi-purpose legacy for the site.
District 2020 is another project that is also currently being developed. Once complete, the site will have 65,000 square metres of residential space and 135,000 square metres of commercial space. It will also feature 10 kilometres of cycling tracks and 45,900 square metres of parkland – the equivalent of six football pitches. District 2020 will also be one of first destinations in the world with a 5G mobile network.
The site will also feature a brand new metro station and route, Route 2020. Aside from provide access to the site, the AED10.6 billion route will give residents and tourists direct access to areas like the Discovery Gardens, Jumeriah Gold Estates and Dubai Investment Parks. The metro project will also introduce 50 new trains the Dubai Metro’s fleet, 15 of which will be exclusively for the Expo while the remaining 35 will go to improving the overall traffic on the Dubai Metro. In total, Route 2020 will feature seven stations, five elevated and two underground, which will run from the Nakheel Harbour & Tower Metro Station to the Expo 2020 site.
Speaking on the projects that will create over 500,000 new jobs over the next eight years, the CEO of BNC Network Avin Gidwani said: “As it stands, Dubai is getting ready to host the Expo 2020 and the emirate is way ahead in terms of its readiness to host the mega event – taking place in the Middle East for the first time in the event’s more than 150 years of history.”
He added: “While driving past some of the major highways, one would notice the hectic construction activities on the highways and both sides of these highways – that reflect the pace of development work in the emirate. Most of the projects are on a fast-track basis, intended to expand the hotel inventory. Both the public and private sectors have mobilized their best resources to complete these projects on time.”