Launch of Expo 2030 Riyadh Company to Drive Mega Event's Success

On June 19, 2025, the Public Investment Fund (PIF) of Saudi Arabia announced the official establishment of the Expo 2030 Riyadh Company (ERC), a fully-owned subsidiary designed to construct and manage the upcoming expo facilities. This significant event marks the first World Exposition to be held in Saudi Arabia, aiming to promote sustainable tourism while preserving the legacy of the event.

The Expo 2030 Riyadh is poised to cover an expansive area of 6 million square meters, establishing itself as one of the largest sites for such global exhibitions. Located north of Riyadh, the site will benefit from proximity to the future King Salman International Airport and will have direct links to key landmarks in the Saudi capital.

PIF's ambitious goal is to attract over 40 million visitors during the event, scheduled from October 1, 2030, to March 31, 2031. The ERC is set to develop not just the expo site but also plans for post-event transformation into a global village. This village is envisioned to serve as a multicultural hub, accommodating retail, dining, and social experiences, all while fostering a sustainable community equipped with world-class amenities.

Saad Alkroud, head of local real estate investments at PIF, emphasizes the alignment of ERC with Saudi Vision 2030's objectives. The establishment of ERC will harness both local and global ecosystems to achieve its development, cultural programming, and event management goals, propelling Riyadh toward new heights of urban sustainability and improving the quality of life for its inhabitants.

Initially, the construction and legacy of Expo 2030 Riyadh are projected to contribute approximately $64 billion to the Saudi GDP and generate around 171,000 direct and indirect job opportunities. Once operational, the expo site is expected to further add about $5.6 billion to the economic landscape.

Countries participating in the expo will have the opportunity to build permanent pavilions, thereby becoming integral parts of the event's enduring legacy. These pavilions are designed to offer long-term growth possibilities for businesses and investment opportunities alike.

PIF, recognized as one of the world's most influential investors, remains committed to diversifying the economy of Saudi Arabia. The fund is instrumental in spearheading transformative giga-projects and iconic real estate initiatives across the nation, supporting the creation of new sectors and opportunities that contribute to shaping a unified global economy.

As Expo 2030 Riyadh rapidly approaches, it promises to redefine international perceptions of the city, illustrating its status as one of the fastest-evolving capitals globally. The blend of sustainability, connective infrastructure, and high quality of life will be showcased during this monumental event, marking a pivotal moment in Riyadh's journey towards global recognition.

The successful bidding for the expo rights in November 2024 further cemented Riyadh's status as a growing capital. By hosting such a prestigious event, the city aims to showcase its transformative journey and commitment to economic development and sustainability. With the unveiling of ERC, the groundwork is set for what is expected to be a spectacular and impactful World Expo, paving the way for an exciting era for Saudi Arabia and its people.

Topics General Business)

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