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Friday, May 3, 2024
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EconomyRiyadh is running to host Expo 2030

Riyadh is running to host Expo 2030

– Published on:

Maha Mohammed Sharif

Since the launch of Vision 2030, which moved the national economy to global competition in various fields, the enormous potential achieves the goals for its goals for the next stage, as the world coexists with a Saudi economic power led by Crown Prince Mohammed bin Salman, who tops a high global position, a man who cannot ignore the contradictions of his era. Everything around it has its own political and economic importance.

On an official visit to France, Saudi Crown Prince Mohammed bin Salman met French President Emmanuel Macron in Paris, where they held an expanded bilateral meeting in the presence of the delegations of the two countries, according to the Saudi Press Agency, where they held an expanded bilateral meeting in the presence of the delegations of the two countries.

The visit of the Saudi Crown Prince to France will be reflected in the political and economic cooperation, as the relations between the two countries have been extended for more than 97 years. During the signing of 24 preliminary and investment agreements in many fields, with a value of 3 billion euros, and trade exchange between the two countries estimated at 11 billion euros in 2022, with a growth rate of 47% on an annual basis.

There are very important contributions, as the Kingdom achieved the highest growth rates among the G20 countries, and the Saudi economy achieved a growth of 8.7% during 2022, and Riyadh’s hosting of Expo 2030 will coincide with the Year of Vision, and local and global anticipation for the Kingdom to host this global event, as history does not make itself without man.

It has achieved an advanced economic achievement, ranking 16th among the countries of the world in terms of domestic product, and foreign direct investment has multiplied by about 4 times since the launch of the vision. During the official visit to France, the Crown Prince participated in the Kingdom’s official reception for Riyadh’s candidacy to host Expo 2030 to be held in Paris. At the official reception for representatives of the 179 member countries of the Bureau International des Expositions, the organization responsible for the World Expo, on the eve of the 172nd General Assembly meeting of the Bureau, which was held on Tuesday, June 20, 2023 in Paris.

This ceremony comes as part of the nomination procedures and aims to introduce the capital’s readiness, plans and projects to host the exhibition, and Riyadh in 2030 will be one of the most important global cities in terms of its contribution to the national economy, because of its advantages in all fields in terms of public transport networks in the world, and the presence of the largest urban park In the world, King Salman Park, and 4.2 million square meters of green spaces within the sports track project, and a few of the many submitted in preparation for voting to choose the host city for this event at the next General Assembly meeting, which will be held in November 2023.

The reception, which is being held by the Royal Commission for the City of Riyadh, includes an exhibition that expresses the civilizational and cultural depth of the Kingdom and its capital, and highlights its political and economic weight, the distinction of its geographical location, and its distinguished infrastructure that makes it ready to host the largest international events and events, and the greater capabilities it will have upon completion. The development projects being implemented, which are scheduled to be launched before the date set for the launch of the exhibition.

The way we interpret the world makes a huge difference in the way we interact with it, and it is clearly seen with the mind’s eye and presents a mental model for the world that is said to be full awareness of the exchange of interests with the countries of the world, and Saudi foreign policy is a sign of strength, despite many challenges and the issue here is to explain a reality that seems familiar to everyone. many aspects of a successful foreign policy.

What we can add is that winning the hosting of Expo 2030 in Riyadh, the enormous benefits on the economic and strategic levels and attracting international visitors, and the implications and gains that this entails, as the Kingdom allocated a budget of approximately $7.3 billion for this important event, and proposed in its presentation. For the BIE, the body responsible for the Expo, the main theme should be the era of change: together we look forward to the future.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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