♦️The Public Investment Fund announced today the launch of the Expo 2030 Riyadh company "ERC", fully owned by the Public Investment Fund, to build and operate the Expo 2030 Riyadh facilities - the first international expo in Saudi Arabia - in addition to preserving the legacy of the event.

♦️The master plan for Expo 2030 Riyadh covers an area of 6 million square meters, making it one of the largest international expo sites, and the exhibition will be held north of the city near the future King Salman International Airport, with direct connection to the landmarks of the Saudi capital, according to a statement from the Public Investment Fund.

♦️Expo 2030 Riyadh is expected to attract more than 40 million visits, and after the exhibition activities conclude, the Expo company plans to lead the process of transforming the enclosed area of the expo into a global village to be a multicultural hub for retail, food, and beverages, surrounded by a global residential community that includes world-class facilities, setting new standards in sustainable tourism.

♦️Saeed Al-Karoud, head of the local real estate investment department at the Public Investment Fund, said: "ERC benefits from the diverse local and global ecosystem of the Public Investment Fund, and the establishment of the company aligns with the local real estate strategy of the Public Investment Fund, which contributes to driving economic transformation and diversification, and enhancing urban innovation.