Economic benefits include
New investments
- There are investments from both local and foreign investors.
- A public-private investment partnership is created.
New business
- Current businesses are required to be re-positioned in the wake of new economic activities.
- There is the inception of new businesses.
- Local businesses get opportunities from international business owners who attend the events as potential partners, suppliers, and sponsors.
New revenue
- There is additional tax revenue collected for the city,
- Appreciation of the real estate sector and new residential units are developed in the district.
New talent
- There are additional employment options provided.
- Provision of new talent opportunities that are developed in different domains that aid in the development of better human capital. It also fosters better professional culture witnessed in the communities by working at international events.
- Development of new entrepreneurial skills identified in city management.
Mega-events organized for different cities are assembled with the intent to upgrade the current infrastructure and ensure there is an improvement in the existing environment. However, there is the immense challenge presented with both management and coordination of skills by the urban management, which aids in the quality delivery of related public services.
There is an event built a specific infrastructure that is purposely designed for the event as well as enabling services that vary from every event. For example, for international sporting events, the infrastructure is spread across the city, and it focuses mostly on sports facilities. For the expos, the event focuses on infrastructure that is related to the development of the respective site. Additional facilities that need to be developed for the event are housing facilities for the participants, sports offices, and transportation facilities. There is additional city-wide infrastructure and services that ensure there is better access to the essential services needed for the event, such as security, and ensure the city is upgraded. This includes: