Dubai's success in bidding to host the 2020 World Expo will trigger billions of dollars of investment in the emirate, but it may risk a repeat of the boom-and-bust cycle which nearly caused financial collapse just a few years ago. After competing against three cities, Dubai was awarded the world's fair by the Bureau International des Expositions on Wednesday, setting the seal on a dramatic economic recovery. Now a boom in trade, tourism and finance is repairing the damage and Dubai again has the resources to plan big projects. Hopes for a successful Expo bid have already contributed to speculation in the property market, where prices are up some 20 percent over the past 12 months, and the stock market, where the index (.DFMGI) has soared 79 percent this year.
via Business News - Yahoo Finance http://finance.yahoo.com/news/dubais-world-expo-win-may-190351225.html
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