Winning the showcase is tipped to see Dubai’s economy swell, creating more than 275,000 new jobs and attracting an extra 25m visitors over the course of the six month event.
Dubai was favoured by a panel of delegates of 168 different countries meeting at the Bureau International des Expositions (BIE) in Paris, with Dubai picked ahead of competing cities Ekaterinburg in Russia, Izmir in Turkey and Sao Paolo in Brazil.
When the event comes to Dubai in 2020 it will be the first time a World Expo has been hosted in Middle East, North Africa and South Asia region.
Established in 1851 in London, over the past century and a half the Universal Exposition has witnessed the launch of multiple inventions including the typewriter, tomato sauce and electricity.
Dubai Expo 2020 will be hosted at a new 438-hectare site in Jebel Ali, and will be centred on themes of mobility, sustainability and opportunity, with a view to driving global development and improving the lives of people around the world.
Top facts about Dubai Expo 2020
• The exhibition will be the first carbon-neutral mega event.
• More than 277,000 jobs are expected to be created as a result of the win, 40 percent of which will be in the hospitality sector and 30 percent in construction.
• Authorities in Dubai have pledged to invest US$8.1bn in new infrastructure to host the event.
• Expo 2020 would coincide with the 49th anniversary of the formation of the UAE.
• Around 70 percent of visitors to the event are expected to come from outside the UAE.
• Research by PKF (an international network of accounting and business advisory firms) predicts that during the exhibition hotels will operate at more than 90 percent capacity, and increased demand for rooms will benefit neighbouring emirates such as Abu Dhabi.
• By hosting the event, Dubai is likely to benefit from a boost to Gross domestic product (GDP) amounting to a total US$23bn over the period from 2015 to 2021.
• Dubai’s existing infrastructure could be upgraded and expanded, with the Dubai Metro Purple Line among a number of projects fast-tracked for completion.