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Reuters
Reuters
Business

Davos 2023: Riyadh city developing fast with eye on Expo 2030 bid

FILE PHOTO: Clouds move over the Riyadh skyline November 17, 2013. REUTERS/Faisal Al Nasser

Saudi Arabia, which has bid to host the Expo 2030 world fair, is pushing ahead with plans to turn its capital Riyadh into a major global metropolis, a government official said on Thursday.

The kingdom has ambitions to double the size and population of its capital city with total investments of some $800 billion under its Vision 2030 plan to modernise the Gulf Arab state and diversify the economy to wean it off oil export revenues.

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