CW Expo Reaction | Mohammad Al Shouli on the Expo 2020 delay
EXCLUSIVE: Mashreq Bank's executive vice president talks about the World Expo and the impact of COVID19 on construction
Expo 2020 Dubai will now be held from 1 October, 2021 to 31 March, 2022. The change in dates was announced after a two-thirds majority of the Bureau International des Expositions’ (BIE) member states voted in favour of postponing the World Expo by a year.
Construction Week has been talking to experts within the industry as well as officials spearheading the participation of various countries at the World Expo about their perspective on the postponement, and how it affects their plans for Expo 2020, which has chosen to retain its name despite the year-long postponement to 2021.
In the third episode of Construction Week's YouTube series — Expo Reaction — the executive vice president, and global head of contracting finance at Mashreq Bank, Mohammad Al Shouli, speaks exclusively to CW about the Expo 2020 year-long postponement, and the impact of COVID-19 on the construction sector.
The Expo 2020 Dubai delay could very well be a "blessing in disguise," Al Shouli says. "It will allow a lot of people to cross the "T"s and dot the "I"s from now till next year."
Commenting on the impact of COVID-19 on the construction sector, Al Shouli adds: "We will have to accept what is happening with COVID-19, and we will have to align ourselves to the new normal."
"We will need to reassess projects that we have on our plate - what we need to continue with; what we need to slow down; and what we need to scrap altogether."
For more details about the conversation with the Al Shouli, watch the video on Construction Week’s YouTube channel.