Dubai Expo ‘new city’ will exist for decades, says chief

Energy trees are seen next to a camel sculpture at Terra, The Sustainability Pavilion during a media tour at the Dubai World Expo site in Dubai, United Arab Emirates. (AP Photo)
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Updated 01 October 2021
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Dubai Expo ‘new city’ will exist for decades, says chief

  • Most of the vast site will remain in use after the six-month world fair

DUBAI: Dubai has created a “new city” for Expo 2020 that will exist for decades, the head of the event told AFP, promising most of the vast site will remain in use after the six-month world fair.
The $7 billion, purpose-built showground occupies a vast site on Dubai’s outskirts, with hundreds of pavilions and exhibitions sprawling across an area twice the size of Monaco.
Expo 2020, which has sustainability as one of its main themes, wraps up in March. But director general Reem Al Hashimy said the lavish, largely air-conditioned development would not go to waste.
“It was never an investment to host an Expo, it was an investment to create a new city that is equal distance between Dubai and Abu Dhabi and really the city of the future,” she said in an interview.
“That investment goes into a city to 2040, 2050 and beyond. In addition to that, we have also made a commitment not to dismantle all Expo-related facilities.
“Everything that we’re building, a very large majority, over 90 percent or so, will actually remain for that future city.”
The United Arab Emirates city has witnessed breakneck development in its growth from a small fishing settlement to a major center with the world’s tallest building, the Burj Khalifa.
The Expo project is connected to the Dubai metro and lies en route to the capital Abu Dhabi, the richest and most powerful of the UAE’s seven emirates.

Expo is intended to draw millions of foreign visitors, but pandemic-related travel restrictions worldwide are likely to have a dampening effect.
And whether the 5G-enabled site thrives or languishes after Expo depends on what businesses can be persuaded to base themselves there.
“Given the focus on technology and sustainability we’re looking to attract industries, residents that are inclined to operate in those spaces,” said Al Hashimy, who is also the UAE’s minister of state for international cooperation.
“So in part we’re looking at industries related to climate or green technology if you will, a lot around ag-tech. There’s an interesting combination of new sectors that have emerged that we’re going to be able hopefully to capitalize on by having this Expo.”
Expo’s sustainability measures include Terra, an enormous, satellite dish-shaped construction that is powered by nearly 5,000 solar panels and recycles its own water.
There are also a number of activities on climate and biodiversity, an especially pressing topic in the oil-rich Gulf, one of the world’s hottest regions.
“There was a real conscious decision when we laid out our people and planet program to look at how the Expo activities... could positively contribute,” Al Hashimy said.
“Large global events in general don’t look at long-term sustainable measures,” she added.
“But given that this site will remain almost in its entirety, in legacy, then we are proud to be able to contribute to the larger sustainable agenda.”


JLL to invest in PIF-backed FMTECH to boost Saudi facilities management sector

Updated 15 December 2025
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JLL to invest in PIF-backed FMTECH to boost Saudi facilities management sector

JEDDAH: Saudi Arabia’s Public Investment Fund announced on Monday that US-based real estate services firm JLL will acquire a significant stake in Saudi Facility Management Co., known as FMTECH, a subsidiary of the sovereign wealth fund.

In a press release, PIF said it will retain a majority ownership in FMTECH following the transaction.

Saad Alkroud, head of local real estate investment at PIF, said facilities management plays a central role in the Kingdom’s real estate and infrastructure ecosystem and is a key pillar of the fund’s local real estate strategy.

He noted that the strategy supports economic transformation and diversification, promotes urban innovation, and enhances quality of life.

“JLL’s investment will further accelerate FMTECH’s development and unlock new growth opportunities that will benefit the wider facilities management sector,” Alkroud said.

FMTECH was launched by PIF in 2023 as a national integrated facilities management company, providing services to PIF portfolio firms as well as public- and private-sector clients across Saudi Arabia.

The investment enables JLL to broaden its service offering in the Kingdom while deepening its existing partnership with PIF.

Neil Murray, CEO of real estate management services at JLL, said the investment brings together JLL’s global operational expertise and technology-driven facilities management capabilities with FMTECH’s deep understanding of the local market.

“By combining our strengths, we aim to deliver high-quality, efficient services to clients in Saudi Arabia’s rapidly expanding facilities management market,” Murray said.

FMTECH is expected to leverage JLL’s international network and operational experience to develop new commercial opportunities while supporting the localization of expertise and advanced technologies.

According to the press release, the company will integrate JLL’s digital facilities management platforms and global operating systems, significantly enhancing service quality, efficiency, and transparency across its operations.

The transaction aligns with PIF’s broader strategy to attract domestic and international private-sector investment into its portfolio companies, helping unlock their full potential while advancing the Kingdom’s economic transformation agenda and generating sustainable long-term returns.