The Expo 2020 Show is expected to be one of the greatest events held by Dubai in the coming years which is why preparations have started a while ago. The first phases of the project implied the construction of various buildings which serve as commercial units or conference rooms for the attendants. The construction of the project now continues with creating the environment for companies participating to the show. At the beginning of July, the representatives of the show announced the opportunities for food and beverages (F&B) companies in the emirate. Our company formation agents in Dubai can assist investors who want to start F&B businesses.
And the number forwarded by the organizers is 85,000 individuals per hour who will most likely serve a meal while at the show. This is the first great opportunity for companies in Dubai to present their products. And here we are talking about small and medium-sized enterprises (SMEs) in the food and beverages industry in Dubai alone.
More than that, the number of workers mobilized for the duration of the show will rise to 5 million during the whole 6 months in which the Expo 2020 Dubai will unfold. The workforce here will also have a significant contribution for F&B businesses, such as newly-opened restaurants.
Business Connect is the program through which companies in Dubai are invited to participate to the show. The organizers of the event have put a great emphasis on a cooperation at a deep level between the public and private sectors, which is why private SMEs in many industries, including F&B, are expected to present their services or products during the show.
In 2016, the coordinators of the Expo 2020 Dubai announced that 20% of the spending with the preparation of the show will be allocated to contracts with private companies in the UAE and in other states. In money, the amount would rise to 5 million AED.
If you are interested in starting a business in Dubai and need assistance, you can rely on our company incorporation consultants. Please feel free to contact us for more information on how to open a company in Dubai.