Dubai has created a “new city” for Expo 2020 that would exist for decades, the head of the event told reporters, saying that most of the site would remain in use after the six-month world fair.
The US$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.
Thousands of people toured the fair on its opening day on Friday, braving hot temperatures as the COVID-19 pandemic-delayed world fair finally opened its doors one year late.
Photo: Bloomberg
Visitors strolled or rode electric bicycles around the huge showground. As temperatures touched 38°C, robot information systems buzzed down the shaded boulevards and formation jets plumed colored smoke overhead.
Dubai, one of the seven United Arab Emirates, is hoping to attract millions of visitors in a boost to its profile and standing during the fair. Visitor numbers were not immediately available for day one, but crowds were light and attendance appeared respectable rather than busy.
Expo 2020, which has sustainability as one of its main themes, wraps up in March.
However, Expo 2020 director-general Reem al-Hashimi 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,” she said.
“Everything that we’re building, a very large majority, over 90 percent or so, will actually remain for that future city,” she added.
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 emirates.
Expo is intended to draw millions of foreign visitors, but pandemic-related travel restrictions worldwide are likely to have a dampening effect.
Whether the 5G-enabled site thrives or languishes after the 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-Hashimi, who is also the Emirati 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,” she said.
The 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 Persian 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-Hashimi 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.”
RUN IT BACK: A succesful first project working with hyperscalers to design chips encouraged MediaTek to start a second project, aiming to hit stride in 2028 MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it is engaging a second hyperscaler to help design artificial intelligence (AI) accelerators used in data centers following a similar project expected to generate revenue streams soon. The first AI accelerator project is to bring in US$1 billion revenue next year and several billion US dollars more in 2027, MediaTek chief executive officer Rick Tsai (蔡力行) told a virtual investor conference yesterday. The second AI accelerator project is expected to contribute to revenue beginning in 2028, Tsai said. MediaTek yesterday raised its revenue forecast for the global AI accelerator used
TEMPORARY TRUCE: China has made concessions to ease rare earth trade controls, among others, while Washington holds fire on a 100% tariff on all Chinese goods China is effectively suspending implementation of additional export controls on rare earth metals and terminating investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House on Saturday issued a fact sheet outlining some details of the trade pact agreed to earlier in the week by US President Donald Trump and Chinese President Xi Jinping (習近平) that aimed to ease tensions between the world’s two largest economies. Under the deal, China is to issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers
Dutch chipmaker Nexperia BV’s China unit yesterday said that it had established sufficient inventories of finished goods and works-in-progress, and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant a week ago, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported on Friday last week. Its China unit called Nexperia’s suspension “unilateral” and “extremely irresponsible,” adding that the Dutch parent’s claim about contractual payment was “misleading and highly deceptive,” according to a statement
Artificial intelligence (AI) giant Nvidia Corp’s most advanced chips would be reserved for US companies and kept out of China and other countries, US President Donald Trump said. During an interview that aired on Sunday on CBS’ 60 Minutes program and in comments to reporters aboard Air Force One, Trump said only US customers should have access to the top-end Blackwell chips offered by Nvidia, the world’s most valuable company by market capitalization. “The most advanced, we will not let anybody have them other than the United States,” he told CBS, echoing remarks made earlier to reporters as he returned to Washington
RSS