Saudi Arabia’s PIF Launches New Company to Develop and Operate Riyadh Expo 2030
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menaraisingstars
- June 21, 2025
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Saudi Arabia’s Public Investment Fund (PIF), the Kingdom’s $925 billion sovereign wealth fund, has officially launched a new company that will be responsible for building and operating the extensive facilities for the Riyadh Expo 2030 world fair.
A Cornerstone of Vision 2030
The newly formed entity, named the Expo 2030 Riyadh Company, will oversee the development of the masterplan for the global event. This project is a critical component of Saudi Arabia’s economic diversification strategy, as the Expo is set to take place in the same year that the nation’s ambitious Vision 2030 plan culminates. The event will serve as a global showcase for the Kingdom’s transformation.
Project Scope and Location
The masterplan for the project covers a vast area of 6 million square meters. It will be strategically located to the north of Riyadh, in close proximity to the future King Salman International Airport, ensuring seamless access for millions of international visitors.
Economic Projections and National Impact
The Riyadh Expo 2030 is a landmark project with significant economic goals. The Public Investment Fund stated that the event is projected to attract more than 40 million visits over its duration. Once operational, the site and its activities are expected to contribute approximately $5.6 billion to Saudi Arabia’s Gross Domestic Product (GDP).
Part of an Ambitious Mega-Project Pipeline
The development of the Expo 2030 site is one of several large-scale building projects that the Kingdom has committed to on strict deadlines as it aims to become a global hub for tourism, sports, and business. This pipeline of mega-projects also includes the development of infrastructure for the 2029 Asian Winter Games and the 2034 FIFA World Cup.
About the Public Investment Fund (PIF)
The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia and one of the largest in the world. It is the primary engine driving the economic diversification of the Kingdom, leading investments in strategic sectors both locally and globally in line with Saudi Vision 2030.
Looking Ahead: Building a World-Class Destination
The establishment of the Expo 2030 Riyadh Company is a crucial operational step in the journey towards hosting the world fair. The dedicated company will now spearhead the effort to deliver a state-of-the-art site, aiming to create an unforgettable experience for visitors and leave a lasting legacy of innovation and development for Riyadh and the entire Kingdom.
Source: Zawya
