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Saudi Arabia is bidding to host the Expo 2030 in Riyadh

03 Nov. 2021

Amongst the many giga-projects Saudi Arabia is developing across its Kingdom, its next significant move comes with the bid to host the Expo 2030 in the capital city of Riyadh.

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SHOWCASING PROGRESS AND TRANSFORMATION

Coinciding with Saudi’s Vision 2030, this move allows the region to showcase its progress achieved in social and economic transformation.

Scott Livermore, chief economist and managing director, Oxford Economics Middle East said “The heart of Vision 2030 is diversification from oil revenues and hosting the world fair would allow the kingdom to highlight its commitment to that, encouraging further investments into the country. This is potentially a significant move and is consistent with Saudi Arabia’s policy of hosting global events such as sporting events and developing mega projects in order to project itself to a global audience.”

UAE is the first Middle Eastern nation to host the World Expo event, Expo 2020 is currently being held in Dubai for the next six months. About $7 billion has been spent in preparation of the event and is expected to receive 25 million visitors over the course of six months. Dubai has also announced that it supports Saudi Arabia in its bid to host Expo 2030.

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A FORESIGHTED TOMORROW

Riyadh, the capital city of Saudi Arabia and the business hub of the Kingdom, will be up against Russian capital Moscow, the Italian capital Rome, Ukraine's resort city of Odessa and South Korea's second city Busan. The final decision rests on a vote by 170 members of the Bureau International des Expositions (BIE) in 2023.

Saudi Arabia’s proposal to host the six-month World Expo in 2030 will be under the theme of "The era of change: Leading the planet to a foresighted tomorrow". The global gathering of nations aims to find solutions to challenges facing the world and allows countries to build pavilions that millions of people can visit over six months. The Expo in Dubai has already recorded strong numbers with over 1.5 million visits since the opening on October 1st.

While Dubai has staked its economic recovery and position on the Expo, it is also a competitive year for Saudi Arabia, which takes on the chairmanship of the Group of 20 major economies and plans a series of events to promote its own breakneck transformation.

Saudi Crown Prince Mohammed bin Salman hailed the success of Dubai’s Expo 2020, wishing the country progress and development. In return, Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, wished Saudi Arabia success in its bid to host the global fair, stressing that the UAE is keen to provide all support to ensure the kingdom's efforts to host this global event produce the desired results. "It will be a success for us all," he said expressing full confidence in the kingdom's ability to achieve this goal.

Source:
Arabian Business, The National, Bloomberg

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