DUBAI: The Expo 2020 will boost the UAE’s global reputation as the go-to place for major events because of its leading innovation for the MICE (meetings, incentives, conferences and events) sector, an industry expert said.
“There is no doubt that the UAE has led by example when it comes to event innovation and experience. Events such as the World Government Summit and the recent Arab Media Forum are incredible events and are a fantastic example of best practice to the world of how to deliver an event and to host international guests,” Alan Kelly, Business Development Manager at Informa Middle East, told Arab News.
“Expo 2020 will only enhance the UAE’s reputation as an innovation hub for the global events industry, bringing the world’s leading event curators and experiential agencies to the region and, in turn, raising the bar for the entire local industry.”
Expo 2020 is expected to receive 25 million visits during its six-month run from October 2020 until April 2021, mostly from outside the UAE — the largest proportion in the history of World Expos — as more than 180 countries are participating in the event.
“It will most definitely be a UAE ‘first’ for event concept, design and delivery,” Kelly said.
Kelly said that Dubai, which is hosting Expo 2020, was a ‘super place to visit for an event: “it’s got the hotels, the venues, a supporting infrastructure and is well connected to global cities — all key to hosting international events.”
The Dubai World Trade Center, which is also the region’s biggest trade venue, last year welcomed 3.3 million delegates and attendees to 353 MICE and business events including 103 mega events while its Abu Dhabi counterpart the Abu Dhabi National Exhibition hosted 1.5 million people across 480 events in 2016, including defense exhibitions and medical meetings.
Kelly, who will join the Middle East Special Event & Exhibition Show on April 22 and 23, also believes the UAE is poised to embrace cutting edge technologies which will better engage and involve audiences, while staving off the growing threat of “event fatigue”.
“The days of simply turning up to an event and remaining on the sidelines, watching and listening, are long gone. New technologies, and the resulting data they produce, will enable events to become far more immersive and tailored to the needs of delegates, creating both intimate and unique experiences,” he said.
“More can be done on the ground to attract international delegates and visitors to our events, and increased collaboration between all stakeholders is vital to help make this happen … we need to attract international association events, and increased support is needed with the launch of new annual events, existing exhibitions, and key industry events, all of which will help ensure sustainability and continued growth.”
“Expo 2020 will obviously increase the revenue lines for many companies operating within the event space, but it will also present an opportunity for these companies to push the boundaries of event innovation and be the global benchmark for cutting-edge delivery and concept creation,” he added.
Expo 2020 to boost UAE’s reputation as events destination
Expo 2020 to boost UAE’s reputation as events destination
Closing Bell: Saudi Arabia’s main index closes in red at 10,364
RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Sunday, shedding 185.05 points, or 1.75 percent, to end the session at 10,364.03.
Total trading turnover on the benchmark index stood at SR2.55 billion ($680 million), with 20 stocks advancing and 237 declining.
The Kingdom’s parallel market Nomu also retreated, falling 0.63 percent, or 147.19 points, to close at 23,371.82.
The MSCI Tadawul Index slipped 1.71 percent to 1,369.56.
Saudi Industrial Export Co. was the top gainer on the main market, with its share price jumping 9.87 percent to SR2.56.
Shares of Naqi Water Co. rose 2.53 percent to SR58.80, while Shatirah House Restaurant Co. advanced 2.18 percent to SR9.39.
On the downside, Gulf Union Alahlia Cooperative Insurance Co. posted the steepest decline, with its share price falling 4.61 percent to SR10.14.
On the announcements front, Scientific & Medical Equipment House Co. said it had been awarded a contract valued at SR260.98 million by the Ministry of Human Resources and Social Development to supply uncooked food materials and catering items to beneficiaries at the ministry’s residential branches across the Kingdom.
The project scope also includes providing cooked meals to selected anti-begging offices over a 24-month period, according to a Tadawul statement. The company added that the financial impact of the contract will begin in the fourth quarter of this year.
It said further developments would be disclosed in due course after all relevant parties sign the final contract and a copy is received.
Shares of Scientific & Medical Equipment House Co. edged up 0.31 percent to SR32.44.
Separately, Dr. Soliman Abdel Kader Fakeeh Hospital Co. and its subsidiaries signed an agreement with Oloof Development Co., a wholly owned subsidiary of Jazan Municipality, to lease a strategic land plot in Jazan City for SR217.99 million.
According to a Tadawul statement, the land, which spans 34,581 sq. meters, will be used to develop an integrated healthcare facility under a 50-year lease.
The company said the financial impact of the agreement is expected to begin once the medical facility is completed and becomes operational.
Shares of Dr. Soliman Abdel Kader Fakeeh Hospital Co. fell 1.92 percent to SR33.74.









