Dubai Expo 2020 and the question of ROI
Friday, March 18, 2022 | 1130 Views |
Meeting the world: Masisi with Dubai leaders earlier this week PIC: BITC FACEBOOK
These questions are justified considering the current fiscal situation of the country where budgets are tight and rationalisation of expenditure has been touted heavily in the past two years. It has been a cry by Batswana for the past few years that we need increased accountability of public funds’ expenditure. Accountability that speaks to expenditure that is motivated by clear targets and transparent reviews after we have closed projects or investments. It is with this backdrop that a debate for accounting for our participation at the Dubai Expo 2020 is relevant.
I had the pleasure of being invited to participate in activities between March 8 and 14, as a moderator in Abu Dhabi and Dubai in the United Arab Emirates (UAE). Outside of the Dubai Expo 2022, three conferences were held during this period: one focusing on agribusiness, one focusing on mining (both in Abu Dhabi) and the last being the Botswana Investment and Trade Conference held in Dubai on March 14 headlined by President Mokgweetsi Masisi.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...