HomeEconomyPrivate sector companies flourish during Expo 2020
By Economy Middle East
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April 4, 2022 1:37 pm

Private sector companies flourish during Expo 2020

73.5 percent of the private companies established new business partnerships
Expo 2020
Expo 2020

As much as 76.5 percent of private companies in the UAE registered growth in their businesses during Expo 2020.

The Dubai Chamber of Commerce & Industry (DCCI) stated in a survey that 73.5 percent of private companies succeeded in establishing new business partnerships throughout the event.

The report was conducted by DCCI in collaboration with Oxford Business Group.

It analyzed the positive impact of Expo 2020 on various economic sectors in Dubai. It also outlined the key benefits and competitive advantages that businesses saw during the event.

The study highlighted the role Expo 2020 played in catalyzing business growth in the tourism and hospitality sectors in the emirate. Moreover, it pointed to the surging number of international visitors.

There were 759 hotels and hotel establishments accounted for in Dubai in January 2022 compared to 711 in January 2021.

In addition, guest nights in January 2022 were at 3.04 million compared to 2.65 million in January last year.

Arrivals at Dubai International Airport recorded a growth of 12.7 percent in 2021 compared to 2020.

Meanwhile, the UAE’s non-oil foreign trade jumped 27 percent over 2020 and 11 percent in 2019.

A total of 98 events

 

In total, the DCCI organized 98 events during Expo 2020. The events were attended by more than 25,000 participants from over 130 countries.

Also, the Chamber facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts.

Additionally, the DCCI received 1,746 visiting delegations from over 60 countries during the event. These delegations were joined by 3,350 government and business leaders.

13 MoUs

 

Furthermore, 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.

On the other hand, seven new economic and professional bodies were licensed by the Dubai Association Centre (DAC), which were established in collaboration with DCCI, Dubai’s Department of Economy and Tourism (DET), and Dubai World Trade Centre (DWTC).