New Zealand to build $53 million pavilion at World Expo 2020 in Dubai

New Zealand will participate in World Expo 2020 to be held in Dubai at a cost to Kiwi taxpayers of just over $53 million. 

Some are asking if spending that much to take part in the Dubai expo is worth it. Source: 1 NEWS

Economic Development Minister Simon Bridges has announced New Zealand's participation during his visit to Dubai.

"Through Budget 2017, the Government is committing $53.3 million to construct a New Zealand Pavilion that will allow Kiwi businesses to highlight their innovative products and services and open doors to new export markets," Mr Bridges said.

Showcasing New Zealand to the world is a crucial part of boosting economic growth, he said. 

"Expo 2020 will provide a springboard to promote us as an innovative, solution-focused economy to the 25 million visitors expected to attend from across Europe, the Middle East, North Africa and Asia.

"It will also allow us to build on our strong economic and transport links to the UAE which acts as a global air and sea logistics hub, providing access for New Zealand exporters to a much wider region. 

"We're already well connected with five direct daily Emirates flights, contributing $700 million to the economy," the minister said. 

The Expo will take place from October 2020 to April 2021.

New Zealand is close to completing a free trade agreement with the Gulf Cooperation Council which comprises of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. 

The UAE alone is New Zealand's 12th largest trading partner, with annual two-way trade exceeding $1.9 billion in 2016.