Dubai’s Spending Soaring Next Year Ahead of Expo 2020
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Dubai’s spending will surge next year as it prepares for World Expo 2020, according to the budget the government approved on Sunday.
Total expenditure is expected to reach 66.4 billion dirhams ($18.1 billion) in 2020, up 17% from 56.8 billion dirhams this year, according to figures released by the government’s media office. The added spending will fuel a spurt in gross domestic product, which is estimated to expand 3.2%, with the help of stimulus programs and projects related to World Expo 2020, which is due to open in October.