Latest news with #RiyadhCity
Arab News
23-06-2025
- Business
- Arab News
Expo 2030 Riyadh registration dossier receives BIE final approval in Paris
Expo 2030 Riyadh's registration dossier has received final approval during the Bureau International Des Expositions General Assembly in Paris, marking the final step in confirming the Kingdom as the official host country for the upcoming expo. As part of the proceedings, BIE handed over the World Expo flag to Saudi Arabia's delegation. Ibrahim Al-Sultan, minister of state, member of the Council of Ministers and acting CEO of the Royal Commission for Riyadh City, led the Saudi Arabian delegation at the BIE General Assembly, which included Fahd bin Mayouf Al-Ruwaili, ambassador of Saudi Arabia in France, and other officials. The registration dossier serves as a comprehensive blueprint, highlighting Saudi Arabia's vision of hosting an exceptional expo that reflects its ambitions toward innovation and global collaboration. Al-Sultan said: 'The approval of the registration dossier in record time highlights the Kingdom's leadership on the global stage and underscores the world's confidence in Saudi Arabia's vision and capabilities. It also reflects the high level of professionalism demonstrated by the teams involved in preparing and reviewing the registration dossier. This milestone marks a significant step forward in the Kingdom's journey to deliver an exceptional and unprecedented edition of the World Expo, in line with the Saudi Vision 2030 objectives.' Riyadh is the first expo host to complete and submit its registration dossier in such a short time frame — almost half the time usually required for this kind of dossier. The approval of the registration dossier unlocks the next phase of formal preparations for Expo 2030 Riyadh, which includes extending official invitations to international participants through diplomatic channels. Set to take place from Oct. 1, 2030 to March 31, 2031, Expo 2030 Riyadh will be one of the largest expos ever, held on a 6-million-square-meter site. The venue is designed to welcome more than 40 million visits, through world-class infrastructure, hospitality venues, and cutting-edge facilities. The site will ensure an unforgettable experience for all participants and visitors, with a target of more than 195 participating nations.
Gulf Business
22-06-2025
- Business
- Gulf Business
Expo 2030 Riyadh secures final BIE approval as host nation
Saudi Arabia's capital has officially been confirmed as the host of The approval marks the last formal step in the selection process, solidifying Riyadh's status as the next World Expo host. As part of the proceedings, the World Expo flag was ceremonially handed over to the kingdom's delegation by the BIE. The Saudi delegation was led by Engineer Ibrahim Al-Sultan, Minister of State and Acting CEO of the Royal Commission for Riyadh City (RCRC), alongside Fahd bin Mayouf Al-Ruwaili, Saudi Arabia's Ambassador to France, and senior officials. 'The approval of the registration dossier in record time highlights the kingdom's leadership on the global stage and underscores the world's confidence in Saudi Arabia's vision and capabilities,' Al-Sultan said, adding that it also reflects 'the high level of professionalism' shown by the teams involved in its preparation. Master plan for Expo 2030 Riyadh The registration dossier acts as a master plan for the expo, outlining Saudi Arabia's commitment to delivering a global platform for innovation, international cooperation, and sustainable development. Riyadh is the first The approval now paves the way for the next phase of preparations, including the formal invitation of international participants through diplomatic channels. Expo 2030 Riyadh will take place from October 1, 2030, to March 31, 2031, on a sprawling six million- square-metre site, designed to accommodate over 40 million visits. Organisers anticipate participation from more than 195 nations, supported by cutting-edge infrastructure, hospitality, and transportation. The site is being developed to deliver an immersive and seamless visitor experience, in line with the broader ambitions of Saudi Vision 2030. Billed as one of the largest and most ambitious expos to date, Expo 2030 Riyadh aims to foster global dialogue, innovation, and cultural exchange, while leaving a lasting legacy that resonates far beyond the kingdom's borders.
Gulf Business
20-06-2025
- Business
- Gulf Business
PIF launches new company to deliver Expo 2030 Riyadh
Public Investment Fund (PIF) on June 19 announced the launch of Expo 2030 Riyadh Company (ERC), a wholly owned subsidiary, to build and operate the facilities for Expo 2030 Riyadh – Saudi Arabia's first World Expo. ERC will also be responsible for preserving the legacy of the event. Read- The masterplan for Expo 2030 Riyadh spans 6 million square meters, making it one of the largest World Expo sites. Located to the north of the city, the site will be near the future King Salman International Airport and directly connected to key landmarks across the Saudi capital. Long-term vision and legacy Expo 2030 Riyadh is expected to attract more than 40 million visits. Following the event, ERC will lead the transformation of the Expo's gated area into a global village. This multicultural hub will feature retail, dining, and residential spaces with world-class amenities, aiming to set new benchmarks for sustainable tourism and urban living, PIF continues to deliver on its strategic mandate: achieving sustainable economic impact for Saudi Arabia while securing long-term returns. As one of the world's most influential investors, PIF is at the forefront of Saudi Arabia's economic diversification, driving the development of transformative giga-projects and landmark real estate initiatives. Strategic partnerships and operational readiness ERC is rapidly initiating operations to fulfill its mission. It will work closely with local and international private sector partners across construction, cultural programming, and event management to realize Expo 2030 Riyadh's full potential. Expo 2030 Riyadh will run from October 1, 2030, to March 31, 2031. It will enhance Riyadh's appeal to global businesses, underlining its status as one of the world's fastest-transforming capitals—offering sustainability, connectivity, and high quality of life at scale. Riyadh secured hosting rights for Expo 2030 in November 2023, winning the vote in the first round. Economic impact and job creation During its construction phases, Expo 2030 Riyadh and its legacy are projected to contribute approximately $64 billion to Saudi Arabia's GDP and create around 171,000 direct and indirect jobs. Once operational, the Expo is expected to contribute about $5.6 billion annually to GDP. Participating countries will have the option to construct permanent pavilions, contributing to the event's enduring legacy. The Expo will serve as a platform for sustained business and investment opportunities, both regionally and globally.
Zawya
19-06-2025
- Business
- Zawya
PIF launches new company to deliver Expo 2030 Riyadh
Expo 2030 Riyadh is projected to contribute almost $70 billion to Saudi GDP PIF leads development of transformative giga-projects and landmark real estate initiatives across Saudi Arabia RIYADH – PIF today announced the launch of Expo 2030 Riyadh Company (ERC), wholly owned by PIF, to build and operate the facilities of Expo 2030 Riyadh – Saudi Arabia's first World Expo – as well as preserving the legacy of the event. The masterplan for Expo 2030 Riyadh covers an area of 6 million square meters, making it one of the biggest World Expo sites. The Expo will be to the north of the city, near the future King Salman International Airport, and with direct connections to the Saudi capital's landmarks. Expo 2030 Riyadh is projected to attract more than 40 million visits. After the Expo event, ERC plans to lead the transformation of the Expo's gated area into a global village to serve as a multicultural hub for retail, food and beverage, surrounded by an international residential community with world-class amenities, and setting new standards in sustainable tourism. PIF continues with its strategic mandate: to achieve economic impact for Saudi Arabia while securing sustainable returns. PIF is one of the world's most impactful investors, driving Saudi Arabia's economic diversification while also enabling the creation of key sectors and opportunities that help shape the global economy. PIF leads the development of transformative giga-projects and landmark real estate initiatives across Saudi Arabia. Saad Alkroud, Head of the Local Real Estate Investment Division at PIF said: 'ERC benefits from PIF's diverse local and global ecosystem and the establishment of the company aligns with PIF's local real estate strategy, which drives economic transformation and diversification, advancing urban innovation and enhancing quality of life, driven by the ambitious goals of Saudi Vision 2030.' ERC is swiftly launching operations to fulfill its mandate, and will partner with the local and global private sector to achieve its goals for construction, cultural programming and event management. Expo 2030 Riyadh runs from Oct. 1, 2030 to March 31, 2031 and will further strengthen the city's attractiveness to international businesses. It marks the city's status as one of the world's fastest-transforming capitals, one that combines sustainability, connectivity and quality of life at scale. Riyadh was awarded the hosting rights for Expo 2030 in November 2024, winning the vote in the first round. During its construction phases, Expo 2030 Riyadh and its legacy are projected to contribute around $64 billion to Saudi GDP and generate approximately 171,000 direct and indirect jobs. Once operational, it is expected to contribute approximately $5.6 billion to GDP. Countries participating in Expo 2030 Riyadh will have the option of building permanent pavilions and being part of the event's legacy. The Expo will provide opportunities for long-term business and investment growth. ABOUT PIF PIF is the investment engine driving economic transformation for Saudi Arabia and the world. With an ambitious program to deliver Vision 2030, PIF invests in projects, companies and partners to diversify the Saudi economy, stimulate growth in every major sector, and create new opportunities for investment and employment. And as a global investor and catalyst of change, PIF actively partners with the most pioneering organizations across the world to accelerate their growth, and transfer the technology and knowledge needed to build industry ecosystems of the future. Since 2017, PIF has established 103 companies and is driving the transition to a more sustainable economy through strategic investments and partnerships across the Saudi public and private sector. PIF is laying the foundations for local and international partners to invest in the economic and societal transformation of Saudi Arabia. For media inquiries: PIF Media Relations Email: media@ Website: Rupert Trefgarne: rtrefgarne@
Zawya
17-06-2025
- Business
- Zawya
Expo 2030 Riyadh registration dossier receives final BIE approval in Paris
PARIS — The Bureau International des Expositions (BIE) General Assembly in Paris has granted final approval to Expo 2030 Riyadh's Registration Dossier, officially confirming Saudi Arabia as the host country for the global event. During the ceremony on Tuesday, the BIE also handed over the World Expo flag to the Kingdom's delegation. Led by Minister of State and Acting CEO of the Royal Commission for Riyadh City (RCRC), Eng. Ibrahim Al-Sultan, the Saudi delegation included Ambassador Fahd Al-Ruwaili and senior officials. The dossier outlines Saudi Arabia's strategic vision to deliver a transformative World Expo aligned with its national goals and global aspirations. 'The approval of the Registration Dossier in record time highlights the Kingdom's leadership on the global stage and underscores the world's confidence in Saudi Arabia's vision and capabilities,' said Al-Sultan. 'It also reflects the professionalism of the teams involved and marks a significant milestone in our journey to deliver an exceptional and unprecedented edition of the World Expo, in line with Vision 2030.' Saudi Arabia achieved the fastest completion and submission of a Registration Dossier in BIE history — nearly in half the time typically required — unlocking the next phase of formal preparations. This includes extending official invitations to participating nations via diplomatic channels. Expo 2030 Riyadh, scheduled from October 1, 2030, to March 31, 2031, will take place on a 6 million square meter site designed to host over 40 million visits. With participation from more than 195 countries expected, the site will offer cutting-edge infrastructure, world-class hospitality, and immersive experiences for global audiences. The approval reflects the Kingdom's readiness and strategic planning, backed by unwavering leadership support. Expo 2030 Riyadh aims to be a landmark event that inspires innovation, promotes collaboration, and leaves a lasting legacy for future generations. — SG © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
