Riyadh – Mubasher: Saudi Public Investment Fund (PIF) has launched Expo 2030 Riyadh Company (ERC) to build and operate the facilities of Saudi Arabia’s first World Expo, according to a press release.

Spanning 6 million square meters, Expo 2030 Riyadh is expected to attract over 40 million visits from 1 October 2030 to 31 March 2031.

Following the event, ERC will transform the Expo’s gated area into a global village to serve as a multicultural hub for retail, food and beverage (F&B), setting new standards in sustainable tourism.

This aligns with PIF’s strategy to achieve economic impact for the Kingdom, secure sustainable returns, while enabling the creation of key sectors and opportunities that help shape the global economy.  

Saad Alkroud, Head of the Local Real Estate Investment Division at PIF said: “ERC benefits from PIF’s diverse local and global ecosystem and the establishment of the company aligns with PIF’s local real estate strategy, which drives economic transformation and diversification, advancing urban innovation and enhancing quality of life, driven by the ambitious goals of Saudi Vision 2030.”

During its construction phases, Expo 2030 Riyadh and its legacy are anticipated to contribute around $64 billion to Saudi gross domestic product (GDP) and generate nearly 171,000 direct and indirect jobs.

It is also expected to contribute approximately $5.60 billion to GDP once it commences operating.

Last month, the Saudi fund launched a new subsidiary company office in Paris to expand its global presence while deepening ties in France.