The long-awaited EXPO2020 Dubai will take place from October 1, 2021, to March 31, 2022. With more than 190 countries participating, it is one of the largest trade fairs in the world. It develops more business opportunities and provides a perfect starting point for several business partnerships in different countries around the world. Thanks to its connections with the best companies in the world, EXPO is the largest gateway to new markets for investors. If you want to start a business in the same industry, you need to know the rules and regulations for doing business in Dubai.
And most importantly, you need to know what skills you have and what type of business is right for you, or in other words what experience you brought to start a business. You must be very clear and confident about the nature of the company’s business; you need to know the benefits of your business to get the maximum profit. You can get help from a business formation consultant in Dubai to study business administration and gain sufficient knowledge about it. Every new business start-up can benefit from tax exemptions as well as complete privacy and security. They have a special status that allows state or state power.
Dubai’s guidelines and goals in formulating promising legislation may vary but are kept simple to allow more and more new business recruitment to take place in Dubai. EXPO2020 is part of the UAE government’s initiatives and efforts to attract small investors to the country from all over the world. This strategy of attracting small investors through incentives and low-cost measures creates many business opportunities for SMEs and start-ups during EXPO2020. Let’s check them out.
Business Opportunities for SMEs & Startups during the EXPO2020
Here are some business opportunities for the entrepreneurs which they can go for in Expo2020:
Opportunities to Build Relationships with Clients and Customers
EXPO2020 will open new horizons for small and medium-sized companies. By attending the EXPO, SME and startup owners will have the opportunity to connect and interact with investors and the vast global corporate community, and to build long-term business partnerships that can be more profitable.
Opportunities to Create a Competitive Edge
Given the importance of start-ups and SMEs in the global value chain (GVC), EXPO2020 helps combine innovative ideas with established companies to create a competitive advantage. This event will provide more opportunities for companies to compete on price and brand equity.
Opportunities to Enhance Brand Value
EXPO acts as a global platform for start-ups and SMEs to present their products on international platforms and develop strategies to increase brand value.
Opportunities for Business Growth
The event is expected to generate billions of dollars in foreign income and investment for the UAE and stimulate the economy. And we know that a thriving economy is a springboard for new business opportunities. The timing of EXPO2020 precisely coincides with the UAE’s current economic cycle (with the company just coming out of recession due to the pandemic), which is giving the economy the boost it needs. In this way, the event will act as a catalyst for the company’s growth and help them get back on track.
Boost to Businesses through Improved Infrastructure
EXPO2020 sustainably enhances the region by improving its infrastructure and logistics framework in a manner comparable to other international economic hubs. This includes offices, apartments, cultural attractions, parks, recreational facilities, new roads, railroads, expanded airport capacity, and more. Any improvements to the city’s infrastructure will increase business.
Boost to Other Business Sectors
While the UAE is already known for its excellent tourism, great hospitality and extensive retail offerings, EXPO2020 will stimulate other sectors as well. Visitors and investors will see how the UAE is pushing boundaries in everything from construction to energy, finance, technology to cutting-edge communications. This visibility will help position the UAE as an international player in all types of businesses.
Opportunities to Hire the Best International Talent
Every major event creates thousands of new jobs and attracts many skilled workers to the region. As EXPO2020 will create more skilled workers, startups and SMEs will have many options to recruit top talent from around the world.
With millions of visitors and an unparalleled global presence, startups and SMEs should take advantage of EXPO2020 before the opportunity passes. But there isn’t much time left until the start of the EXPO. This time constraint means that as a novice entrepreneur, or even a seasoned SME entrepreneur, you may not have enough time to research and remain ignorant.
Therefore, to make the most of this opportunity, seek the right advice from a trusted startup advisor. A professional business setup consultant firm can help you get your business up and running in Dubai in no time so you can get the most out of EXPO2020.