EXPO 2030 Riyadh inks 3.2B riyal deal

The Expo 2030 Riyadh Organization has signed a joint venture agreement with Mohammed Al-Habib Real Estate Company worth 3.2 billion Riyals to develop "Expo Village," an integrated residential community that will host pavilion delegations. The community will include approximately 2,300 housing units capable of accommodating around 5,500 people, in addition to commercial centers, services, and entertainment fronts. The project will be implemented through a collaboration between the two parties, with the company handling the development and operational processes, while Expo Riyadh will oversee strategic oversight. Construction is expected to commence after the completion of the designs, with the aim of providing temporary housing for participants during the exhibition, which will be held from October 1, 2030, to March 31, 2031. The project aspires to evolve into a permanent community that supports Riyadh's urban and economic legacy.

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