Skip to content Skip to Search
Skip navigation

Expo 2030 to create 250,000 jobs, Saudi minister says

A fireworks display and light show celebrates Saudi Arabia's successful bid to host Expo 2030 in Riyadh Reuters/Ahmed Yosri
A fireworks display and light show celebrates Saudi Arabia's successful bid to host Expo 2030 in Riyadh

Saudi Arabia will generate 250,000 jobs during its hosting of Expo 2030 in Riyadh, tourism minister Ahmed Al Khateeb said.

The kingdom will add 1,000 hotel rooms for the mega event, the state-run Saudi Press Agency reported, citing the minister’s speech at the Global Labor Market Conference in Riyadh.

Riyadh beat off bids from Busan in South Korea and Rome in Italy.

Last month, 119 countries endorsed Riyadh’s candidacy during the 173rd general assembly of the Bureau International des Expositions held in Paris.

The World Expo 2030 will be held under the theme “The Era of Change: Together for a Foresighted Tomorrow”, between October 1, 2030, and March 31, 2031.

The kingdom unveiled its national tourism strategy in 2019, which will take the gross domestic product in this sector from three percent to 10 percent in 2030 and create one million additional jobs.

Al Khateeb stated that the travel and tourism sector represented 10 percent of the global labour market and provided 330 million jobs in 2019 before the pandemic.

However, airlines and hotels were the most affected sectors globally, losing 60 million jobs.

“We are back in the pre-pandemic according to figures by the United Nations World Tourism Organisation, and the World Travel and Tourism Council, which is good,” he stated.

Latest articles

In a concession to the electorate, the legislation before parliament proposes a 25 percent increase in the payment to pensioners on the lowest rate of support

Turkey targets business with steep taxes to raise revenue

Multinational corporations operating in Turkey face a steep increase in their tax bills, thanks to one of the new revenue-raising measures outlined by the government in draft legislation aimed at narrowing the budget deficit. Under the new tax reforms, tabled before the parliament on July 16, multinationals with more than $817.6 million in annual consolidated […]

Saudi growth forecast

IMF lowers Saudi growth forecast over oil output cuts

The International Monetary Fund has lowered its forecast for economic growth in Saudi Arabia by almost an entire percentage point, as cuts in oil production continue to weigh heavily on the kingdom’s economy.  In its World Economic Outlook Update, the IMF reduced its forecast for Saudi GDP growth to 1.7 percent for this year, down […]

People, Person, Groupshot APQ CEO Ebubekir Koyuncu (sitting left) and Aramco acting senior vice president of new business development Mohanad M Alamdar at the signing ceremony

Saudi Aramco bolsters blue hydrogen portfolio 

Saudi Aramco has acquired a 50 percent stake in Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra. No financial details were disclosed. The transaction, subject to standard closing conditions, includes options for the oil giant to offtake hydrogen and nitrogen.  The remaining 50 percent will be owned by APQ, […]

Egypt's SCA is seeking revenue of $9 billion from the Suez Canal operation in 2024/2025, 25 percent more than the previous year

Egypt to float Suez Canal subsidiary next year

Egypt’s Suez Canal Authority (SCA) is planning to list Canal Mooring & Lights Company, a specialist in the mooring and unmooring of ships, on the local bourse, a news report said. The proposed listing will take place early next year, Bloomberg Ashraq reported, quoting SCA’s chairman Osama Rabie. In June 2023, the official confirmed the […]