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Tags: ML | Dubai | Expo | 2020 | The | Big | Bet

Dubai Bets Billions That Expo 2020 Won't be a Desert Mirage

Dubai Bets Billions That Expo 2020 Won't be a Desert Mirage

Thursday, 17 October 2019 06:39 AM

DUBAI, United Arab Emirates (AP) — Dubai is betting billions of dollars that its Expo 2020 will draw 25 million visitors, encourage business and spur development of the city.

However, this world's fair comes as Dubai's real estate market shows signs of faltering amid global economic woes.

Fears of conflict across the Persian Gulf because of tensions between Iran and the U.S. are also clouding organizers' sunny projections.

The site of Expo 2020 rises out of what were once rolling sand dunes stretching toward the horizon. It's a feverish construction site by tempo and temperature that has tens of thousands of workers building what looks like a new city in the desert.

But the planning for the event, now a year away, highlights the contradictions of Dubai and the wider United Arab Emirates.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Dubai is betting billions of dollars that its Expo 2020 will draw 25 million visitors, encourage business and spur development of the city.However, this world's fair comes as Dubai's real estate market shows signs of faltering amid global economic woes.Fears of conflict...
ML,Dubai,Expo,2020,The,Big,Bet
132
2019-39-17
Thursday, 17 October 2019 06:39 AM
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