海角直播

RIYADH: 海角直播鈥檚 Public Investment Fund has launched Expo 2030 Riyadh Co., a wholly owned entity tasked with developing, managing, and operating the infrastructure and programming for the Kingdom鈥檚 first World Expo.

During its development phases, the project is projected to contribute $64 billion to 海角直播鈥檚 gross domestic product and generate around 171,000 direct and indirect jobs. Once operational, it is expected to add $5.6 billion to the national economy.

According to an official release on Thursday, the newly established company will play a pivotal role not only in executing the large-scale event but also in preserving its long-term legacy.

Known as ERC, the company will fast-track operations to meet its ambitious mandate. It plans to collaborate with both local and international private sector partners to deliver on construction, cultural programming, and event management goals.

鈥淓RC benefits from PIF鈥檚 diverse local and global ecosystem and the establishment of the company aligns with PIF鈥檚 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,鈥� said Saad Al-proud, head of PIF鈥檚 Local Real Estate Investment Division.

Covering an expansive 6 million sq. m, the Expo 2030 site will be one of the largest World Expo venues ever built. Strategically located north of Riyadh near the upcoming King Salman International Airport, it will offer direct access to major city landmarks.

Set to run from Oct. 1, 2030 to March 31, 2031, Expo 2030 Riyadh is expected to draw over 40 million visits. Following the event, ERC aims to repurpose the gated expo area into a 鈥済lobal village鈥� 鈥� a multicultural destination featuring retail, food  and beverages, and premium residential offerings, all aligned with the Kingdom鈥檚 push toward sustainable tourism and innovation.

Participating nations will have the opportunity to construct permanent pavilions, enabling a lasting impact beyond the event itself and encouraging long-term investment and business ties.

PIF emphasized that the initiative reflects its broader strategy to drive economic diversification while securing sustainable financial returns.

The fund remains at the forefront of delivering 海角直播鈥檚 transformative giga-projects and real estate ventures, reshaping the national landscape and bolstering the Kingdom鈥檚 global positioning.

Riyadh secured the rights to host Expo 2030 in November 2024, winning the international vote in the first round 鈥� further solidifying its reputation as a fast-evolving capital that blends connectivity, sustainability, and high quality of life at scale.