Expo 2020 Dubai will award 47 construction contracts worth $3 billion in 2017 as preparations for the Middle East’s first world expo continues to gather pace.
A further 98 non-construction contracts totalling more than $98 million will also be distributed before the end of the year. These will range from legal advisory services to event management and merchandising.
The construction contracts for 2017, which are open to local, regional and international businesses, include the third and final infrastructure package for the event’s support areas.
Reem Al Hashimy, the UAE Minister of State for International Cooperation and Director General, Dubai Expo 2020 Bureau, said: “We are committed to working with leading businesses from across the world in order to deliver an exceptional event of this scale, on time and on budget.
“This is particularly true when it comes to the development of the physical site, which will live on long beyond 2021 to become an anchor for the UAE’s developing knowledge economy in Dubai South.
“But just as importantly, the non-construction contracts to be procured this year will allow us to spread the investment made in the Expo as far as possible and enable local, regional and international businesses of all sizes to be part of what will be the most inclusive and international event in Expo history.”
In 2016, Expo 2020 Dubai awarded more than 1,200 contracts, investing more than $544.5 million in the economy. This included the appointment of an Orascom-Besix joint venture at the end of the year to develop the deep infrastructure at the Expo site in Dubai South. Once complete, the site will cover 4.38 square kilometres and host up to 300,000 people a day between October 2020 and April 2021.
Ahmed Al Khatib, vice president of real estate and delivery, Expo 2020 Dubai, said: “While 2016 was an important year for design, 2017 is when the momentum of construction will really build, ahead of international participants beginning work on their pavilions in 2018.
“These important contracts will help us meet our target of completing the majority of construction with a year to go before Expo 2020 Dubai opens its doors in October 2020, providing the opportunity for all-important readiness testing.”