Expo 2020
Expo 2020 Dubai Delays Event for a Year and Cuts Jobs
(Bloomberg) —
Expo 2020 Dubai laid off employees as organizers seek to reduce costs following the planned one-year delay of the exhibition, according to people familiar with the matter.
There may be further cuts, some of the people said, declining to be identified because the matter hasn’t been made public.
A representative for Expo 2020 Dubai declined to comment.
Read More: Tokyo Olympics Delayed a Year as Virus Wipes Out 2020 Plans
Dubai’s Expo organizers last month asked to delay the event after the coronavirus pandemic prompted governments around the world to shut their borders, debilitating the global tourism industry.
The government of Dubai and the private sector have spent billions of dollars building hotels and facilities on the expectation that millions of visitors from around the world would attend the event.
The World Expo awarding body said earlier this month it will ask its member states to vote on a proposal to formally delay the event to October 2021.
Read More: Dubai Aims to Open Up for Tourists at the Beginning of July
-
Oil & Gas1 month ago
Oman Oil Exports Exceed 135.3m Barrels by End of June 2024
-
Energy2 months ago
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
-
Hospitality2 months ago
OMRAN Group Achieves RO31.6M Net Profit, 44.6% Revenue Growth
-
Energy2 months ago
Oil Futures Rebounds Over US$1 After 7-Week Low
-
Leaders Speak2 months ago
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
-
Interviews2 months ago
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
-
Technology2 months ago
Celebrating Infoline’s Remarkable 20-Year Journey
-
News2 months ago
Nikkei Closes with Largest Point Drop in History