Saudi Arabia claims that the size and population of its capital city would double with $800 billion invested in its Vision 2030 development plan and a bid to host the Expo 2030 international fair.
As per the latest news of Saudi Arabia, it is said that the city’s capacity will double very soon. Saudi Arabia invested $800 billion in its Vision 2030 development plan and has submitted a bid to host the Expo 2030 world exhibition. The offer is a part of the kingdom’s larger strategy to diversify its economy and wean it off oil export income.
The development of an Expo site is anticipated to cost around $8 billion, and Fand AI-Rasheed, the head of Riyadh’s royal commission, stated that part of the proposal included creating the biggest transportation system globally.
AI-Rasheed told the reporters at the recent World Economic Forum in Davos, Switzerland, that the city is a hub of economic activity. He further stated that Saudi Arabia is preparing the airport, which is claimed to be the largest in the world, and over 30 mega-projects are being completed.
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Despite the 2030 Expo, the project calls for an additional 120,000 hotel rooms because they are necessary to achieve tourism objectives. In addition to Riyadh, the host city’s shortlist for the 2030 World Expo includes Rome, Busan, and Odessa in Ukraine. The decision should be made in November.
Saudi Arabia is anxious to highlight social reforms being implemented to modernize the nation—the birthplace of Islam—including removing the ban on women driving and allowing outdoor performances like concerts. Nevertheless, the nation will probably continue to face criticism for its record on human rights, similar to that leveled at Qatar last year when it hosted the World Cup.
Saudi Arabia, following the United Arab Emirates, would host Expo if Saudi Arabia’s bid is successful. The narrative of Riyadh’s Expo 2030 tells the tale of an unprecedented national transformation. Its leaders claim that with global efforts focusing on the UN’s Agenda 2030 and its Sustainable Development Goals (SDG), which are more and more dependent on the cooperative efforts of both governments and communities, Riyadh Expo 2030 can be a moment to consider the achievements of the SDG 2030 and plan on achieving the set of global goals for the following 20 years.
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Expo 2030 will be held on a site measuring more than six million square meters, and the Saudi bid organizers say they anticipate 40 million site visits. In addition to the 226 participants arranged in country pavilions, other international organizations are also expected to participate. It would take around ten minutes to drive from King Khalid International Airport to the Expo site, which would be built in the northern part of Riyadh, which is Arabic for “gardens.”
As the largest economy in the Middle East and one of the top 20 economies in the world, Saudi Arabia has recently played host to important events, including the Formula One World Championship, Saudi Design Festival, MDLBEAST, and Riyadh Season. In addition to the push to host more international events, new visa initiatives have been implemented.
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