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.”


Closing Bell: Saudi main market edges up to 10,745 points 

Updated 12 January 2026
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Closing Bell: Saudi main market edges up to 10,745 points 

RIYADH: Saudi equities closed higher on Monday, with the Tadawul All Share Index finishing up 135.69 points, or 1.28 percent, at 10,745.45. 

The MSCI Tadawul 30 Index also advanced, rising 22.21 points, or 1.57 percent, to close at 1,436.31, while the Nomu Parallel Market Index slipped 31.80 points, or 0.13 percent, to 23,586.94. 

Market breadth was positive on the main market, with 216 gainers against 42 decliners, while Nomu saw 42 stocks advancing and 36 declining. 

Trading activity picked up, with 261.7 million shares changing hands, while total turnover reached SR5.10 billion ($1.3 billion). 

Among the top performers, Saudi Fisheries Co. led the gains, closing at SR63.90, up SR5.80, or 9.98 percent. Naseej International Trading Co. rose to SR34.94, gaining SR3.16, or 9.94 percent, while Dar Al Arkan Real Estate Development Co. ended at SR16.74, up SR1.16, or 7.45 percent. 

Zahrat Al Waha for Trading Co. added 6.84 percent to close at SR2.50, and Alamar Foods Co. climbed 5.75 percent to SR42.70.  

On the losing side, Al Masar Al Shamil Education Co. fell 4.36 percent to SR23.90, while Saudi Paper Manufacturing Co. declined 2.82 percent to SR62.05.  

United International Holding Co. slipped 2.36 percent to SR153.40, Saudi Aramco Base Oil Co. dropped 2.09 percent to SR98.60, and United Electronics Co. eased 1.90 percent to SR85.00.  

On the announcement front, Mouwasat Medical Services Co. announced that its board has approved the establishment of a new hospital in Riyadh’s Al-Narjis District, with a planned capacity of 280 beds and a total investment cost of SR900 million.  

The project will be financed through a mix of self-funding and long-term Shariah-compliant bank facilities, with further details on timelines and financial impact to be disclosed at a later stage.  

Shares of Mouwasat Medical Services Co. closed at SR67.95, gaining SR1.40, or 2.10 percent. 

Saudi Arabian Mining Co. reported a net addition of 7.8 million ounces of new gold resources following extensive exploration and drilling activities across multiple sites, alongside the identification of new mineralization opportunities in gold and base metals. 

The company noted that the financial impact of these discoveries has yet to be determined and will be assessed in due course.  

Shares of Saudi Arabian Mining Co. closed at SR67.50, up SR3.05, or 4.73 percent.