Saudi Arabia’s victory in hosting Expo 2030 was a clear translation of the efforts of the state’s leaders through a vision, a comprehensive plan, and economic and social reforms that carried broad programs and goals, most of which focused on building new economies and creating a competitive investment environment supported by a set of legislation and regulations.
The Kingdom will host Expo Riyadh 2030 in the year in which it celebrates the achievement of its development and economic goals at all levels. Today, the Saudi economy does not depend solely on oil, when the Kingdom was able to create important tributaries such as the exhibition sector, which plays an important role in the economic system.
The impact of Expo 2030 on the tourism sector
The Expo is the largest global gathering with millions of visitors. The Saudi Pavilion at Expo 2020 in Dubai was able to register 5 million visitors of various nationalities, thus obtaining more than 23.46% of the total number of visitors to the exhibition, which is the highest percentage of visits obtained by the participating pavilions in the history of the exhibition. International Expo exhibitions ever.
It is an engine for tourism that supports financial and business entrepreneurship, and its positive impact extends to the sectors of logistics services, accommodation, hotels, transportation, and communications. It will provide hundreds of job opportunities and contribute to the domestic product through marketing Saudi industries.
It will also support plans to raise tourist rates to 150 million by 2030, and the Kingdom has moved quickly with bold steps in this important area, as the Saudi seasons, especially the Riyadh season, play an important role in attracting tourists from all countries.
The importance of “Expo Riyadh 2030 “
This industrial economic gathering is of great importance to the countries that are competing with their files to organize it, as it is a channel for cultural exchange and a window through which guests and companies look to know the capabilities and capabilities of the host country, with the influx of companies and pioneers of new technology to showcase their latest industries.
So, we are facing a demonstration and a golden opportunity to benefit from the experiences of participating companies and countries. It also allows the host country to present its experiences in the environment, economy, and sustainable development. The Kingdom has clear efforts in supporting afforestation initiatives and reducing forms of desertification and pollution, such as the Green Saudi Initiative, the Green Middle East, zero neutrality, and participation in relief campaigns. And stand with the affected countries.
The importance of the exhibition lies in its being a global center for discovering investment strengths through the “Global Investment Laboratory” that the Kingdom will launch to become a global center for innovation. Expo exhibitions are also considered a field for inspiration and scientific creativity and a platform that showcases the forms of the Fourth Industrial Revolution, such as artificial intelligence, robots, smart drones, and the Internet of Things.
Expo Riyadh 2030 runs on clean energy
Believing in the importance of the Kingdom’s environmental projects and its global mission, it chose for the operating system in Expo Riyadh to run on clean energy to become environmentally friendly and achieve a zero level of carbon emissions. The Kingdom was keen to invest in solar energy, which characterizes our climate, while developing high standards for resource efficiencies and detailed strategies to enhance biodiversity, eliminate food waste, and ensure green waste management and recycling.
Expo Riyadh 2030 is a promising and fertile tributary
The exhibition sector plays an important role in the economic system of countries, and here the Kingdom realized the importance of this resource and established the General Authority for Exhibitions and Conferences in 1440 AH, with the mission of organizing and drawing policies for exhibitions and conferences, and to represent the Kingdom externally and highlight the Kingdom’s strength in this field, and the Expo has a role in drawing a positive mental image of the city. Riyadh in particular, through the initiatives and events it presents and what is published through promotional and communication messages that reflect the identity and civilization of the Kingdom, and what Expo ambassadors around the world provide by directing attention towards the Kingdom as a fertile climate for investment and housing.
In some countries, this industry outperforms many other economic sectors, as it is the gateway to the meeting of investment magnates, heads of government, and representatives of companies. It is like huge workshops open to the cross-fertilization of ideas.
The exhibition and conference industry is considered globally one of the most influential sectors on the business and trade of countries, and it is the only industry with a direct and indirect impact on all sectors of the economy. This promising field is a link between companies and investors to know the needs of the market, as it is an attractive field for business and investment opportunities that paves the way for the private sector. .
Experts expect the exhibition and conference tourism sector in the Kingdom to grow by 11% annually for the next ten years, making it the fastest growing in the Middle East, given the Kingdom’s mobility and embrace of events, conferences and forums such as the Future Investment Forum and the Made in Saudi Arabia exhibition and many others, and it is expected that exhibitions and conferences will participate. Increasing the gross domestic product by approximately 30 billion riyals annually until the year 2030.
Competitive advantage of the capital, “Riyadh”
When talking about “Riyadh,” it is the third largest Arab capital in terms of area and population. This city has ambitious plans led by executive authorities at all levels, and it has competitive advantages among the world’s capitals and among the regions of the Kingdom. It has economic, environmental, and social capabilities, and it is one of the fastest growing cities in the world. The population growth rate is also expected to rise to 17 million by 2030.
The exhibition highlights Riyadh as an incubator for investment, a destination for companies and businesses, and a stimulating environment for businessmen and women. It shows the historical and strategic depth and economic stability with the openness it experiences. This develops and creates cultural exchanges, and strengthens its position as an Arab capital that possesses the tools of economic and political decision-making.
Riyadh also constitutes approximately 50% of the non-oil economy in the Kingdom, and several industrial cities have recently been announced that will advance its progress in terms of the quality and impact of these projects. One of the goals of Vision 2030 is for Riyadh to be among the ten largest economic cities in the world.
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