financetom
Politics
financetom
/
Politics
/
Dubai Expo 2020 world’s fair postponed to October 1, 2021
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dubai Expo 2020 world’s fair postponed to October 1, 2021
May 4, 2020 7:02 AM

Dubai's Expo 2020 world's fair will be postponed to Oct. 1, 2021, over the new coronavirus pandemic, a Paris-based body behind the events said Monday.

The announcement by the Bureau International des Expositions came just hours after police in Kuwait dispersed what they described as a riot by stranded Egyptians unable to return home amid the coronavirus pandemic.

The riot was the first reported sign of unrest from the region’s vast population of foreign workers who have lost their jobs over the crisis.

Dubai, a sheikhdom in the United Arab Emirates, has bet billions of dollars on Expo 2020 to rejuvenate its troubled economy. Since the pandemic grounded flights by its long-haul carrier Emirates and disrupted its real estate market, Dubai has been seeking to delay the event until next year.

Countries belonging to the bureau had been voting on the requested delay for days, with a final tally expected by the end of May. On Monday, however, the bureau said a required two-thirds of the countries in the organization had voted to approve the delay, meaning it would be granted.

The bureau’s executive committee voted unanimously in April to back the proposal, which will see the event run from Oct. 1, 2021, until March 31, 2022.

Sheikh Ahmed bin Saeed Al Maktoum, the chairman and CEO of Emirates who also serves on Dubai's Expo committee, welcomed the announcement in a statement.

“We are thankful to member states for their continued commitment to contributing to a World Expo in Dubai that will play a pivotal role in shaping our post-pandemic world at a time when it will be most needed,” Sheikh Ahmed said.

This skyscraper-studded city won the rights to host the event in 2014. That helped boost Dubai’s crucial real-estate market and had officials hoping for more tourists in this city-state that is home to the world’s busiest airport for international travel.

Now, the pandemic has jeopardized global tourism and caused further panic in a real-estate market already down by a third since the 2014 announcement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What is the debate over Biodiversity Bill, likely to be tabled in monsoon session of Parliament
What is the debate over Biodiversity Bill, likely to be tabled in monsoon session of Parliament
Jul 12, 2023
The new bill exempts registered AYUSH practitioners and people accessing codified traditional knowledge, from sharing benefits with local communities or giving prior intimation to state biodiversity boards before accessing biological resources.
Brahmapuram waste plant fire: Kerala Assembly witnesses uproarious scenes, LoP says CM running away from issue
Brahmapuram waste plant fire: Kerala Assembly witnesses uproarious scenes, LoP says CM running away from issue
Mar 13, 2023
A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 
Lok Sabha passes Forest (Conservation) Amendment Bill — All you need to know
Lok Sabha passes Forest (Conservation) Amendment Bill — All you need to know
Jul 11, 2023
Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.
Govt blames inaction by AAP in Punjab, Delhi for bad air quality
Govt blames inaction by AAP in Punjab, Delhi for bad air quality
Nov 6, 2023
Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.
Copyright 2023-2026 - www.financetom.com All Rights Reserved