Opportunities for UAE SMEs in 2016: Are You Ready For Expo 2020?
SMEs enact almost 94% of the entirety estimate of companies uncounted in the UAE, delay 400,000 SMEs contributing 60% to the nation’s GDP- a symbol that is expected to acception to 70% by 2021.
With Expo 2020 righteous about the cavity, it is expected that the incident obtain distinctly advantage this sever of Dubai’s perseverance. Dubai Government is preliminary steps to determine that SMEs are an sound sever of it and they recently announced that , enacting further than AED 5 billion in contracts, obtain be allocated to inspeaking and balance enterprises, twain topical and interpolitical.
So as a trade proprietor what areas of your organisation should you be centreing on to maximise on such an occasion as Expo 2020? Here are a few ideas:
Network and Knowledge
Staying up to determination has never been further momentous as the to transition to cognizance-based dispensation, cherishing creativity and reversal, drives outgrowth. How is your fraternity odd? What new products or labors could you extend the chaffer? Networking, attainments, and developing cognizance should be a key area of centre balance the direct few years in prescribe to learn chaffer requirements equal further and what solutions your trade could afford.
With the Expo expected to invite balance 25 favorite visitors balance six months, expertness sets such as customer labor, scheme government, incident cognizance, languages, cultural awareness, and obtain be momentous. Identify trailing gaps in your organisation and put a sketch (and a budget) in situate to address them to determine you feel the genius to manage the shabby.
The Expo itself is expected to educe balance 270,000 jobs, and so has ambitious offer catalogue, which bequest to conceive further than 30,000 offers. What development diplomacy do you feel in situate to consummate your objectives by 2020 and what genius are you sketchning to ? Focusing on a long-term avenue obtain succor you sketch further effectively to capitalise on upcoming opportunities.
70% of all visitors are expected to end from after a whileout the UAE - the largest correlation of interpolitical visitors in Expo fact. Delay that in intellect, the size of online inquiry, as interpolitical and topical visitors digitally investigate the upcoming incident, continues to be speaking. Delay this in intellect, what is your fraternity ? Obtain viewers end over your fraternity as they inquiry? Make indisputable your resigned is up to determination, that it relates to Expo 2020, and your trade is largely findable.
Out of 6,196 suppliers registered on the Dubai Government’s e-Sourcing Portal, 2,418 are SMEs, and of the 787 contracts already awarded, 320 feel been won by SMEs. There’s no waver that for abundant organisations, Expo 2020 obtain be an material sever of their diplomacy and delay less than five years to go, it obtain pay to set-out sketchning now.
About Expo 2020:
Opening 20 October 2020 until 10 April 2021 at Dubai South District
Over 200 severicipants including organisation and educational institutions
The footing covers an area of 4.38 clear kilometres