Minister of Economy: Expo 2030 is an opportunity for Saudi ‎investors to find commercial partnerships

Minister of Economy and Planning, Faisal bin Fadel Al-Ibrahim, confirmed that the Kingdom’s victory in hosting Expo 2030 in the city of Riyadh reflects the international community’s confidence in the Kingdom and its ability to host the most important global events, and its commitment to achieving sustainable economic and social development, as the event represents a historic opportunity for the Kingdom to implement international practices, sustainable and innovative in infrastructure development, energy use and urban planning. It will also enhance the Kingdom’s position as a leading global destination for business, tourism and innovation, and will contribute to enriching international dialogue and cultural exchange aimed at building a more prosperous world.

He explained that the Kingdom’s victory in hosting Expo 2030 will be reflected in many economic and social effects, such as the growth of the gross domestic product, the provision of job opportunities, and the increase in investment flows and other indicators. The event will also contribute to the development of many sectors such as tourism, construction, and services, as hosting Expo 2030 The number of visitors to the Kingdom will increase, which will push the development of the hospitality and retail sectors, and increase the volume of consumer spending. He pointed out that the event will provide an opportunity for Saudi investors to find commercial partnerships by providing a global platform to communicate with many international companies in various sectors, which will lead to Hosting aims to raise the quality of life in the Kingdom of Saudi Arabia, and contribute to improving the level of products and services provided in various fields such as health care, education, and transportation.

He pointed out that these effects are not limited to one year only, but rather they began since the announcement of the Kingdom’s victory, and will continue after the completion of the Expo, through the projects that are currently underway to develop the infrastructure in preparation for hosting the Expo and other important events and occasions. It will be held in the Kingdom during the coming period, which will remain a tangible fruit in the development process for decades to come. It will also enhance economic activities in the various sectors in the Kingdom, and will support the participation of the private sector and the development of those sectors, thus enhancing its ability to grow and take the initiative in the process. The unprecedented economic transformation witnessed by the Kingdom.