Public Investment Fund launches a company to build and operate «Expo 2030» facilities

The Public Investment Fund launched today "Expo 2030 Riyadh"The fully owned by the box. " Expo 2030 Riyadh" The first of its kind in the Kingdom, and the investment of its facilities in the long term. "Expo 2030 Riyadh" An area of ​​6 million square meters north of Riyadh, next to the future King Salman International Airport, to be one of the largest Expo sites in the exhibition history, and it is directly linked to many of the main main sites. "Expo 2030 Riyadh" More than 40 million visits, and the company will convert the exhibition after its completion into a global village, to be a multicultural center for retail and restaurant activities, surrounded by a global housing community constructed according to the highest levels, represents a model for sustainable tourism." target ="_Blank"> Public Investment Fund on a continuous basis to achieve its strategic targets to create a positive economic impact in the Kingdom, as well as ensuring sustainable returns." target ="_Blank"> The Fund is one of the most influential global investors, and works to enable the new sectors and opportunities that contribute to drawing the features of the global economy and advancing the Saudi economic transformation, and the fund leads the development of major projects that transform and prominent real estate initiatives in various parts of the Kingdom. "Expo 2030 will benefit from Riyadh, from the diverse public investment fund system locally and globally"
added: "The establishment of the company is in line with the Fund’s strategy in the real estate sector, which leads to strengthen and diversify the local economy, advance urban innovation, and improve the quality of life, in order to achieve the Saudi Vision Vision 2030 targets". "Expo 2030 Riyadh"It is scheduled to be held from October 1, 2030 – March 31, 2031), the attractiveness of the city of Riyadh for business and international companies, in a way that contributes to the consolidation of Riyadh’s position as one of the fastest transformation capitals in the world, combining the concepts of sustainability, connection and quality of life. 2030 Riyadh It is expected that the total contribution of the exhibition will be "Expo 2030 Riyadh" And its facilities in the Kingdom’s gross domestic product; During the construction stages; Nearly 241 billion riyals, and that the number of developed jobs reaches 171 thousand direct and indirect jobs, while the contribution to the gross domestic product of the operational stage will reach about 21 billion riyals. "Expo 2030 Riyadh" The opportunity for the participating countries to create permanent wings to be part of its sustainable facilities, and these wings will provide opportunities for business growth and investment in the long term.