As many as 76.5 per cent of companies in Dubai saw the Expo 2020 boost business growth, and 73.5 per cent entered into new partnerships, a report by the Dubai Chamber of Commerce said on Sunday.
According to the report titled ‘Business Integration for Growth, Digital Transformation and Global Partnerships’, 70.6 per cent of respondents leveraged the networking and business services provided by the Dubai Chamber during the Expo.
Meanwhile, 47 per cent of respondents reported having benefited from the Global Business Forums series, and another 47 per cent said they were benefited from bilateral business meetings arranged at Expo 2020.
Increased hotel occupancy and airport footfall:
In January 2022, Dubai’s revenue per available room (RevPAR) grew to Dh460 from Dh293 in January 2021, a 56.3 per cent gain, beating Milan, the host city for Expo 2015, which had a RevPAR of 54.5 per cent in 2015.
In January 2022, there were 759 hotels and hotel establishments accounted for in Dubai, compared to 711 in January 2021, and guest nights in January were 3.04 million, compared to 2.65 million in January 2021.
Arrivals at Dubai International Airport increased by 12.7% in 2021 compared to 2020, while non-oil international commerce in the UAE increased by 27% in 2020 and 11% in 2019, owing partly to Expo 2020 Dubai.
New agreements have been reached:
During the event, the Dubai Chamber of Commerce sponsored 1,500 bilateral business meetings between UAE investors and their worldwide counterparts and welcomed 1,746 delegations from over 60 countries and 3,350 government and business executives.
In addition, the Chamber signed 13 memoranda of understanding (MoUs) with public and private sector stakeholders representing other markets to provide Chamber members access to new growth opportunities.
The Dubai Association Centre, which was established in collaboration with the Dubai Chamber of Commerce (one of three chambers under Dubai Chambers alongside Dubai International Chamber and Dubai Chamber of Digital Economy), the Dubai Economy and Tourism, and the Dubai World Trade Centre, has licensed seven new economic and professional bodies.
Events:
During the Expo, the Dubai Chamber of Commerce hosted 98 events attended by 25,000 people from 130 countries.
“When it comes to generating competitiveness and growth, our goal is to be the best Chamber in the world. We were able to put this mission and vision into action at Expo 2020 Dubai. Our support for the mega-event has helped to boost Dubai’s reputation as a business destination,” stated Hamad Buamim, President & CEO of Dubai Chamber.
“We chose a hybrid model for the Expo 2020 activities as part of our long-term goal to embrace digital transformation.” As a result, we’ve been able to broaden our reach and engage with public and private stakeholders all over the world
