...

Azerbaijan reveals cost of holding Expo 2025 in case Baku's candidacy approved

Business Materials 19 April 2018 21:20 (UTC +04:00)
Azerbaijan's expenditures on holding the Expo 2025 will amount to 120 million euros a year in case Baku's candidacy as the host city for the Expo is approved, Azerbaijan's acting Finance Minister Samir Sharifov said in Baku on April 19.
Azerbaijan reveals cost of holding Expo 2025 in case Baku's candidacy approved

Baku, Azerbaijan, April 18

By Ilkin Shafiyev - Trend:

Azerbaijan's expenditures on holding the Expo 2025 will amount to 120 million euros a year in case Baku's candidacy as the host city for the Expo is approved, Azerbaijan's acting Finance Minister Samir Sharifov said in Baku on April 19.

He made the remarks at press conference on the visit of an appraisal mission of the Bureau International des Expositions (BIE) to the country.

Sharifov said the total cost of preparation of the exhibition site during seven years will amount to 765 million euros.

Speaking about the importance of this event for Azerbaijan, Sharifov noted that holding the Expo will contribute to development of both Baku and the country as a whole.

"Holding the Expo 2025 will open up new opportunities for the development of the business environment, tourism, and the economy as a whole," Sharifov said.

The BIE mission arrived in Azerbaijan on April 16 to assess the country’s application for Expo 2025.

During the three-day visit, the mission members familiarized with the possible territory for holding the Expo, held a number of meetings, including with representatives of the government, parliament and entrepreneurs.

Azerbaijan proposed to organize the Baku Expo 2025 from May 10 to November 10. The exhibition’s topic will be “Developing human capital, building a better future”.

Russia’s Yekaterinburg and Japan’s Osaka are also bidding to organize the Expo 2025.

The BIE mission visited Japan on March 6-8 and Russia on April 2-4.

The aim of the BIE mission is to assess the feasibility and viability of the Expo project.

The conclusion of the mission will be discussed in the Executive Committee of BIE in May, after which recommendations, based on the compliance of each project with the requirements of BIE, will be presented to the General Assembly of the Bureau.

For the first time, Azerbaijan participated in the Milan Expo 2015 with its national pavilion. More than three million people visited Azerbaijan’s pavilion at Milan Expo 2015. Azerbaijan’s national pavilion was of great interest to the participants of Antalya Expo 2016 World Botanical Expo in Turkey.

At the Expo 2017 in Astana, Azerbaijan was represented by a pavilion prepared on the basis of the concept of “Land of Energy – Energy from the Past to Future”.

Tags:
Latest

Latest