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The Republic Of Slovenia Is Announced As The Latest Nation To Officially Sign Up To Expo 2020 Dubai In Exchange Of Letters At The Dubai Chamber Of Commerce
(22 September 2016)

 

His Excellency Sultan Al Mansouri, UAE Minister of Economy, met with His Excellency Zdravko Počivalšek, Slovenian Minister of Economic Development and Technology, on Thursday for an exchange of letters to officially confirm Slovenia’s commitment to participate in Expo 2020 Dubai. 

The meeting took place at the Dubai Chamber of Commerce, as part of bilateral cooperation between the UAE and Slovenia in key economic sectors including innovation, tourism, sustainability, transport and supporting Small and Medium Enterprises (SMEs).

Welcoming Slovenia’s participation in Expo 2020 Dubai, His Excellency Sultan Al Mansouri, UAE Minister of Economy, said: “Slovenia enjoys long-standing ties and increasingly strong economic relations with the UAE, and we are delighted that it has confirmed its participation in Expo 2020 Dubai four years ahead of the mega-event. We look forward to Slovenia’s participation as the UAE hosts the region’s first mega event, which will bring nations together to build a better future, and a lasting legacy, for the region and the world.”

Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation, and Director General Bureau Expo Dubai 2020 said: “Today’s announcement with Slovenia demonstrates the power of Expo 2020 Dubai to form new connections for the future. We are building a festival of human ingenuity that brings millions of visitors and 200 countries, companies and NGOs together. I am delighted that Slovenia has confirmed its participation so early in the process. We look forward to working closely with Slovenia throughout the journey to Expo 2020, collaborating on a great global showcase and forging a lasting economic legacy of closer cooperation.”    

Affirming his country’s commitment to strengthening bilateral relations with the UAE and its people, His Excellency Zdravko Počivalšek, Slovenian Minister of Economy, said that today’s meeting sets “the foundation for our cooperation over the next four years. Signing this letter of intent is an important step. Slovenia has a strong focus on sustainable development, particularly in the tourism sector.  At the Expo Milano 2015 we presented Slovenia as green-friendly and we will build on this in Dubai in 2020.”

Minister Počivalšek, went on to compliment Expo 2020 Dubai’s early preparations for participant nations: “We admire and acknowledge the impressive organisational efforts and preparations which have been put in place very early for Expo 2020”.

As one of the earliest nations to sign up to participate in Expo 2020 Dubai, Slovenia will now begin the process of designing its national pavilion for the mega event, which is expected to attract 25 million visitors. Construction of participants’’ pavilions will begin in the second quarter of 2018. Earlier this month, at CityScape, Expo 2020 officials announced that early works were complete after 4.6 million cubic metres of earth had been recycled, and that infrastructure work on the site would commence shortly. 

The venue for the signing ceremony – the Dubai Chamber of Commerce – reflects expectations that hosting the World Expo will leave an economic legacy for the UAE. Expo 2020 Dubai is forecast to have a significant beneficial impact on the UAE economy, generating more than 17 billion euros in gross value added, and supporting over 250,000 jobs. It was recently announced that 20 per cent of Expo 2020 Dubai’s budget – comprising Dh 5 billion – will be allocated to SMEs as part existing efforts to enhance SME integration into the Expo 2020 Dubai supply chain, boosting the economic impact of the mega-event for the wider business community.

The partnership represents the latest milestone in the relationship between the UAE and Slovenia. In 2015, The UAE, represented by the General Civil Aviation Authority (GCAA) and the Slovenian government signed an air service agreement, which consists of 24 articles and two annexes, enables the two countries to exercise the fifth freedom rights and specifies the general legal framework for cooperation between the two countries.

In 2013, the UAE has signed avoidance of double taxation accord. The agreement aims to strengthen mutual economic and trade relations and to develop investments between the two countries. In 2014, a town twining agreement between Fujairah City and the Slovenian capital, Ljubljana, was signed to promote bilateral ties of friendship in various areas, including economy, culture, education, tourism, arts and sports. It also provides for joint cooperation in scientific research and cultural exchange.

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