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

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]