Analysts expect that Riyadh Expo 2030 will generate up to $50 billion and contribute to the economic growth of Saudi Arabia. The event is expected to attract foreign investments and growth in several vital economic sectors. This includes aviation, transportation, real estate, residential, communications, transportation, retail, hotels, hospitality and tourism sectors.
Riyadh Expo 2030 will also be a great opportunity for local and international companies to attract foreign investments.
Riyadh Expo 2030 revenues
The projected revenues of the event will be spread among several sectors. The hospitality sector will generate approximately $5 billion, whereas the contracting sector will generate $11.5 billion. Meanwhile, the business services and event organization sector will generate around $28 billion. Moreover, small enterprise spending is expected to generate around $5.5 billion.
Riyadh Expo 2030 will also create about 60,000 jobs annually until the date of the exhibition, with a total of about 420,000 jobs.
Investment in the exhibition
According to the nomination file, Saudi Arabia has allocated $7.8 billion to host Riyadh Expo 2030. This amount will be distributed among various sectors, including $5.85 billion for capital expenditures. Saudi Arabia allocated another $1.47 billion for operational expenditures. Moreover, it will spend $343 million to help 100 countries participate and support technologies and events. A detailed view of capital expenditures also included investment in the exhibition site and its surrounding areas of about $5.46 billion. That is topped by the cost of the pavilions at $1.75 billion.
The costs also include the Riyadh Expo 2030 village and facilities, amounting to approximately $1.45 billion. Moreover, the kingdom will also invest $382 million in infrastructure across the city of Riyadh. Meanwhile, operational expenses amounted to about $1.47 billion, topped by promotion and communication expenses at $297 million. The exhibition activities were allocated $268 million and operational technologies were allocated $237 million.
Infrastructure development
Saudi Arabia aims to attract 21.7 million visitors to Riyadh Expo 2030. The Kingdom expects the participation of 11.4 million local visitors and 10.3 million international visitors. It also aims to increase the number of hotel rooms for visitors to the exhibition in the Riyadh, Eastern, and Qassim regions. It seeks to increase their number from 92 thousand currently to more than 186 thousand hotel rooms.
The Kingdom emphasizes providing a global experience at Expo 2030 through an ambitious masterplan for Riyadh Expo 2030. Besides, the exhibition will be held near King Salman International Airport, which is currently being developed. This will make it easier for visitors arriving through the airport to reach the exhibition site within a few minutes. Moreover, visitors can use the Riyadh train network, which covers all parts of the city of Riyadh. The modern road network is also a major factor as it connects to one of the three entrances to the exhibition.
Read: Saudi to welcome the world at Expo 2030 with $7.8 bn investment
Riyadh Expo 2030 design
Riyadh Expo 2030, with its estimated 226 pavilions, was designed in the shape of the globe with the equator in the middle. The locations of the country’s pavilions at the exhibition will be determined in a flexible manner according to the longitude lines of each country. Therefore, this arrangement brings together countries from the North and South of the globe.
The design ensures that visitors can easily walk over very short distances to move between the pavilions, public squares, and facilities. This ensures a smooth and flexible experience for visitors. Moreover, the corridors are completely shaded and their designs are inspired by the architectural heritage of Riyadh.
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