It has also been predicted that in the build up to the World Expo more than £4bn will be spent on transport and tourism-related infrastructure development to the area.
While previewing the forthcoming GIBTM trade show, taking place in Abu Dhabi in March, Lois Hall, GIBTM exhibition manager, Reed Travel Exhibitions, said: "One of the key factors currently contributing towards the global spotlight on the Middle East MICE industry in 2014 will be Dubai’s successful World Expo 2020 bid.
"This will undoubtedly accelerate the economic growth throughout the region and provide a renewed stimulus to the meetings and incentives sector there."
These figures follow the findings from the IBTM Middle East Meetings Industry Report, published in March 2013, which found that 69% of Middle Eastern buyers plan to increase the number of events they will be organising.
Furthermore, 59% of Middle Eastern buyers project that their budgets for events will increase.
Dubai was announced as the host of the 2020 World Expo in November 2013, beating competition from Brazil, Russia and Turkey to become the first Middle Eastern city to host the event.