Expo 2020 Dubai has chosen leading global logistics firm UPS (NYSE: UPS) to handle the logistics operations for World Expo 2020 Dubai, which is expected to attract millions of visitors between its opening day on October 20, 2020 through April 10, 2021.
With more than 180 countries expected to participate and hundreds of thousands of visitors on peak days, the Expo will be one the most complex logistics projects UPS has tackled.
With less than 19 months left for the inauguration of the Expo 2020, its organisers have further speed up the pace of allocating contracts to thousands of local and foreign firms to ensure timely preparation of the event, which is set to be the largest of its kind in the Arab World.
With less than 19 months left for the inauguration of the Expo 2020, its organisers have further speed up the pace of allocating contracts to thousands of local and foreign firms to ensure timely preparation of the event, which is set to be the largest of its kind in the Arab World.
More than 26,000 companies from 150 countries have recently applied to be involved in the event, with a total of 180 countries expected to get involved in the coming 19 months before the expo.
The total value of the UAE’s Logistics and Distribution sectors have grown to AED 76.78 billion in 2018 and represent about 5.4 per cent of the AED 1.42 trillion UAE economy, according to the Annual Economic Report 2018, published by the UAE Ministry of Economy.
These two sectors are growing at 7.9 percent per annum and are expected to drive the growth of the UAE economy till 2023, according to another report by Dubai Chamber of Commerce and Industry.
the total value of the UAE’s Logistics and Distribution sectors have grown to AED 76.78 billion in 2018 and represent about 5.4 per cent of the AED 1.42 trillion UAE economy, according to the Annual Economic Report 2018, published by the UAE Ministry of Economy.
These two sectors are growing at 7.9 percent per annum and are expected to drive the growth of the UAE economy till 2023, according to another report by Dubai Chamber of Commerce and Industry.
The Expo 2020 theme, “Connecting Minds, Creating the Future,” provides a platform to foster creativity, innovation and collaboration globally. “Mobility is one of the key pillars of Expo 2020 Dubai,” said Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General, Expo 2020 Dubai Bureau. “We see it as the bridge to opportunity by connecting people, goods and ideas and providing easier access to markets, knowledge and innovation. UPS will play a key role – not only during Expo 2020 Dubai but long after the doors close in 2021.”
The global Expo will have over 200 participants including nations, multilateral organizations, businesses and educational institutions. It also has an ambitious 30,000 volunteer program.
The Expo site is located within the Dubai South District, adjacent to Al Maktoum International Airport.
Rodney Viegas, general manager of Dubai-based Abdul Mohsen Shipping, said: “The logistics industry witnessed positive trends during the past 18 months across the world as many regions recovered from the economic slowdown of the past few years. Recovery in oil prices which recently crossed $80 a barrel, is a key driver for economic growth.”
