Dubai beats Turkey, Russia to host 2020 World Expo trade convention November 28, 2013 - 10:36 AMT PanARMENIAN.Net - Dubai has been chosen to host the World Expo trade convention in 2020 - beating off rival bids from Brazil, Turkey and Russia, BBC News reported. Fireworks exploded from the Burj Khalifa, the world's tallest building, following the announcement in Paris. Dubai will be the first Middle Eastern city to hold the Expo, which takes place every five years. The expo sees hundreds of countries show off the latest in architecture and technology. The ruler of Dubai, Sheikh Mohammed Bin Rashid al-Maktoum, has promised to astonish the world with the event. The Gulf city beat Russia's Yekaterinburg in the final round of voting in Paris. The other contenders were Sao Paulo in Brazil and Izmir in Turkey. "We renew our promise to astonish the world in 2020," said Sheikh al-Maktoum after the win. "Dubai Expo 2020 will breathe new life into the ancient role of the Middle East as a melting pot for cultures and creativity." Dubai authorities say the Expo 2020 will bring in around $23bn (£14bn, 17bn euros). They say financing for the six-month event will cost a total of $8.4bn (£5.2bn, 6.2bn euros), with the government spending around $6.5bn (£4bn, 4.8bn euros) on infrastructure projects. A huge exhibition centre will be built to host the event, plus new hotels and an extension to Dubai's metro line. The 2015 Expo takes place in Milan. Related links:   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news U.S. welcomes efforts to define Armenia-Azerbaijan border  The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |
