Saudi PIF launches new company to deliver Expo 2030

Saudi Arabia's sovereign wealth fund PIF has launched a new unit that will be responsible to build and operate the facilities of Expo 2030 Riyadh – Saudi Arabia’s first World Expo.

Expo 2030 Riyadh Company (ERC) will develop Expo as a model for sustainable tourism and preserve the event’s legacy.

The masterplan for Expo 2030 Riyadh covers an area of 6 million square metres, making it one of the biggest World Expo sites.

It will be located to the north of the city, near the future King Salman International Airport, and with direct connections to the Saudi capital’s landmarks.

Expo 2030 Riyadh is projected to attract more than 40 million visits. After the event, ERC plans to lead the transformation of the Expo’s gated area into a global village to serve as a multicultural hub for retail, food and beverage, surrounded by an international residential community, and setting new standards in sustainable tourism.

ERC is swiftly launching operations to fulfill its mandate, and will partner with the local and global private sector to achieve its goals for construction, cultural programming and event management.

Expo 2030 Riyadh runs from October 1, 2030 to March 31, 2031 and will further strengthen the city’s attractiveness to international businesses.

Riyadh was awarded the hosting rights for Expo 2030 in November 2024, winning the vote in the first round.

During its construction phases, Expo 2030 Riyadh and its legacy are projected to contribute around $64 billion to Saudi GDP and generate approximately 171,000 direct and indirect jobs.

#PIF today announced the launch of Expo 2030 Riyadh Company (ERC), #aPIFcompany to build and operate the facilities of #Expo2030Riyadh - Saudi Arabia’s first World Expo - as well as preserving the legacy of the event.

Learn more: https://t.co/ZeEg5GO4Jl pic.twitter.com/cAtMfaazk0

— Public Investment Fund (@PIF_en) June 19, 2025