New PIF subsidiary to deliver Saudi’s first World Expo
Saudi Arabia’s Public Investment Fund has launched a new company to build and operate the Expo 2030 Riyadh, the kingdom’s first World Expo.
The Expo 2030 Riyadh Company has been tasked to develop the Expo as a model for sustainable tourism, and preserve the event’s legacy, the fund said in a statement on Thursday.
The Expo, located to the north of the capital city, is projected to attract more than 40 million visits. It is forecast to add $64 billion to the Saudi economy during its construction phases, as well as generate approximately 171,000 direct and indirect jobs.
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