The budget for the Expo 2020 Dubai site is estimated to be between $8.1 billion and $8.7 billion, according to the latest BNC report commissioned by The Big 5.
Situated midway between Abu Dhabi and Dubai, the Expo 2020 site will be served by a world-class road network, a brand-new extension to the Dubai Metro system and three international airports, Expo 2020 organisers announced.
The Al Maktoum International Airport will be expanded in order to handle up to 200 million passengers by 2020, thanks to an investment of approximately $32 billion.
Josine Heijmans, The Big 5 Event Director, said: “The airport is part of the secondary infrastructure that will support the Expo 2020 Dubai. This project is not entirely dependent on hosting the event, but responds to the rise in expected numbers of travellers to Dubai.”
Bringing together more than 180 nations and an international audience of 25 million visitors, the Expo 2020 Dubai is currently under development on a 438-hectare area in the Dubai South district.
According to BNC’s report for The Big 5, $30 million is being allocated to develop the Expo Village at the Dubai Exhibition City in Dubai South. This project, which is currently in the tender phase, consists of a residential development providing full-time housing facilities for participating countries’ staff working on the Expo. After its completion, expected by 2018, pavilion construction activities will start.
The UAE Pavilion will cost approximately $30 million. The 15,000 sqm project will include exhibition areas, an auditorium, food and beverage outlets and VIP lounges.
Designed by Spanish architect Santiago Calatrava and inspired by a falcon in flight, the UAE Pavilion will be located in Dubai South.
The Big 5 2016 construction event will be held from November 21-24 at Dubai World Trade Centre.
Source: 7days
