Latest news with #RiyadhExpo2030
The Star
3 days ago
- Business
- The Star
Saudi Arabia invites Malaysia to collaborate on Riyadh Expo 2030
OSAKA: Malaysia has received an offer from the Saudi Arabian government to assist in organising Riyadh Expo 2030, says Datuk Seri Fadillah Yusof. The Deputy Prime Minister said the offer was made by Saudi Arabia's Ambassador to Japan Dr Ghazi Faisal Binzagr during a visit to the Saudi Arabia Pavilion at Expo 2025 Osaka. "This is a significant opportunity for Malaysia to strengthen ties with Saudi Arabia and demonstrate its standing on the world stage. "I will discuss with the Cabinet to explore the areas in which we can collaborate with them," he said after a dinner with Malaysian diaspora and students here Sunday (June 1). Also present were Agriculture and Food Security Minister Datuk Seri Mohamad Sabu; Deputy Investment, Trade and Industry Minister Liew Chin Tong; Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan and Malaysian Ambassador to Japan Datuk Shahril Effendi Abd Ghany. Fadillah explained that Malaysia has been invited to participate in the preparatory work, including technical and infrastructure aspects. He said Shahril Effendi will hold discussions with Binzagr soon on the matter. Fadillah is in Osaka to open the Malaysia Pavilion at Expo 2025 on Saturday. During his three-day visit, Fadillah emphasised the importance of long-term strategic partnerships between Malaysia and Japan, while highlighting new areas of cooperation aligned with regional sustainability, innovation and integration. According to him, Malaysia's participation in the expo also aligns with its role as Chair of Asean, positioning the Malaysia Pavilion as a key hub for regional engagement throughout the six-month global event. Fadillah's visit underscores Malaysia's commitment to strengthening mutually beneficial relations with Japan and the global community, particularly in sectors that drive resilience, innovation and shared prosperity. - Bernama
Mid East Info
14-05-2025
- Business
- Mid East Info
Saudi Arabia to Build Over 180,000 Hotel and Serviced Apartments by 2034 to Host FIFA World Cup - Middle East Business News and Information
MEED's Saudi Giga Project Summit showcases key developments in infrastructure, digitalization, and investment milestones Riyadh, Saudi Arabia – May 2025: Saudi Arabia is planning to build more than 180,000 hotel and serviced apartments by 2034 as part of its ambitious infrastructure drive to host the FIFA World Cup. On the concluding day of MEED's Saudi Giga Projects Summit 2025, the day's agenda focus on the projects transforming the Kingdom's urban landscape, with stadiums, transport networks, and hospitality infrastructure all undergoing rapid expansion. Ed James, MEED, opened the day's agenda with a keynote presentation on the Kingdom's stadium infrastructure programme, which is scaling rapidly to support the FIFA World Cup 2034, AFC Asian Cup 2027, Riyadh Expo 2030, and the 2029 Asian Winter Games. Ed James, Head of Content & Research at MEED, captured the significance of these projects: 'Saudi Arabia's giga projects are not just about breaking ground, they are about redefining how cities, infrastructure, and communities are built for the long term. This is a transformative moment, setting new global benchmarks for sustainability, digitalization, and resilience.' A panel on 'Delivering Priority Event-Driven Projects' explored innovations in modular construction, immersive LED integration, and climate-adaptive designs shaping stadium venues like the Prince Mohammed bin Salman Stadium. Fatemeh Hosseini of Populous revealed that research into climate performance has led to design features capable of reducing surface temperatures by up to 8°C, significantly cutting energy consumption from air conditioning. Terry Fetters, Vice President at Parsons and Project Director of the Riyadh Metro, delivered an in-depth look at one of Saudi Arabia's most ambitious urban mobility undertakings. Since its launch, the Riyadh Metro has transported 18 million passengers in just its first 75 days of operation, with 10 million rides on the Blue Line alone. 'It has become the spine of Riyadh,' said Fetters, noting the system's impact on urban accessibility, congestion reduction, and sustainability. Fetters recognised the project's success in navigating logistical challenges, including managing a workforce that peaked at 63,000 people. Built in just over a decade, the Riyadh Metro is now a global benchmark for mega transport projects. The Saudi Water Partnership Company (SWPC) also presented on its expanding portfolio, highlighting 10.5 million tonnes of carbon emissions saved annually and over $12 billion in private investment attracted since launch. In a significant milestone for the Kingdom's digital transformation, Germany's €14 billion Nemetschek Group officially entered the Saudi Arabian market at the Summit. The expansion was formalized through four MoU signings with Saudi partners NESMA, Building Smart, Wakecap, and Concerted Solutions, bringing Nemetschek's global AEC/O software portfolio closer to one of the world's most ambitious construction markets. This move strengthens Saudi Arabia's push for integrated digital solutions in architecture, engineering, and construction. As MEED's Saudi Giga Project Summit concludes for 2025, the momentum was unmistakable. Saudi Arabia's giga projects are not just breaking ground, they're breaking records. About MEED: MEED is the Middle East's leading business intelligence and events platform. Since 1957, it has delivered essential news, analysis, and data on the region's biggest projects, economies, and business trends. MEED Events convene decision-makers, project leaders, and innovators to shape the future of the region through curated summits, awards, and insight-led
Arab News
01-05-2025
- Business
- Arab News
Saudi, Japanese FMs discuss crude oil supply, cooperation in Riyadh
RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan met his Japanese counterpart, Takeshi Iwaya, in Riyadh on Thursday to discuss bilateral ties. The ministers reviewed strategic and economic relations between Riyadh and Tokyo, and highlighted the need for continued cooperation, the Saudi Press Agency reported. Japan's Ministry of Foreign Affairs said that Iwaya 'expressed his gratitude for the stable supply of crude oil from Saudi Arabia over the years' and expects the Kingdom to continue its leading role in stabilizing the global crude oil market. The ministry said that Prince Faisal 'reaffirmed Saudi Arabia's commitment to the stable supply of crude oil to Japan' and called for improved cooperation in the crude oil sector, as well as in clean energy. The ministers discussed enhancing bilateral cooperation in space and defense. They agreed to arrange for the implementation of the Strategic Partnership Council, for which the two countries signed a memorandum in February. Saudi Arabia and Japan are marking the 70th anniversary of their diplomatic relations. Tokyo is passing the baton to the Kingdom from Expo 2025 in Osaka, which concludes in October, to the Riyadh Expo 2030, the ministry added. Prince Faisal and Takeshi discussed regional issues, including the necessity of a ceasefire in the Gaza Strip, US-Iran nuclear negotiations, the war in Ukraine and efforts to achieve a two-state solution to end the Israeli-Palestinian conflict. Ghazi Faisal Binzagr, Saudi ambassador to Japan, and Saud Al-Sati, deputy minister for political affairs, attended the meeting. On Thursday, Takeshi also held talks with Gulf Cooperation Council Secretary-General Jasem Al-Budaiwi to discuss the Gulf's partnership with Japan in energy security. The two officials agreed to cooperate in various areas, including politics, security, trade and investment. They also exchanged views on Gaza, Syria, Iran, the Red Sea and East Asia.
FACT
26-02-2025
- Business
- FACT
Capella Diriyah will offer a luxurious oasis of heritage and hospitality
Saudi Arabia is transforming at a breakneck pace. With Riyadh Expo 2030 and the 2034 FIFA World Cup on the horizon, the Kingdom is leaving no stone unturned in making itself the ultimate destination for visitors from around the globe. To cater to this influx of guests, luxurious properties are opening up in Saudi Arabia, one of which is Capella Diriyah, Riyadh. Capella Diriyah, Riyadh marks Capella Hotels and Resorts' grand debut in the Middle East. Located within Diriyah, the birthplace of the Kingdom and a UNESCO World Heritage Site, this property is poised to be an extraordinary addition to the hospitality landscape. It offers stunning views of Wadi Hanifah, which are scenic and deeply meaningful. Capella Diriyah, Riyadh, blends contemporary luxury with traditional Najdi architecture. Designed to reflect the cultural heritage of Diriyah, the hotel takes inspiration from the region's historic charm with modern elegance. From the intricate geometric patterns to the earthy tones and textured surfaces, every corner of the hotel pays homage to the past. The upcoming property will feature 100 rooms and suites. However, the Royal Suite is poised to be the highlight. This retreat will feature a sky window for stargazing and a rooftop swimming pool with views of Diriyah. Food lovers are in for a treat with Capella Diriyah, Riyadh's diverse culinary offerings. The hotel will boast four dining venues, including a Mediterranean restaurant, a Latin American steakhouse, a poolside bar, and a patisserie. Capella Diriyah, Riyadh will deliver on the wellness front as well. With a traditional hammam and a dedicated flotation room. The spa will use Arabian wellness rituals with contemporary healing techniques, ensuring a much-needed escape from city life. A state-of-the-art fitness centre, inner courtyard, and swimming pools will also be on-site. Capella Diriyah, Riyadh is set to welcome guests in 2026. GO: Visit for more information.
Zawya
18-02-2025
- Business
- Zawya
Invest Saudi returns to MIPIM with a wealth of new investment opportunites as KSA construction spending set to reach $1.7tln
Government entities and giga-projects at MIPIM include Ministry of Culture, Diriyah Company, New Murabba, King Abdullah Financial District, Sports Boulevard Foundation, Smart Accommodation for Residential Complexes Company, Events Investment Fund and more 1.2 billion sq. metres of real estate; up to 60 million sq. metres of office space; 2 million to 2.5 million new homes in pipeline over next five years Riyadh, Saudi Arabia: Invest Saudi will return to MIPIM in March 2025, leading a high level delegation of government entities and representatives from some of KSA's biggest real estate developments to showcase a wealth of new investment opportunities in the Kingdom. As KSA continues its unprecedented real estate transformation in line with Vision 2030, Invest Saudi will reconvene in Cannes, France, 11-14 March to connect with the global real estate fraternity to further boost foreign direct investment into the Kingdom. Joining the delegation is the Ministry of Culture, Diriyah Company and New Murabba, with King Abdullah Financial District, Sports Boulevard Foundation, Smart Accommodation for Residential Complexes Company and Events Investment Fund among the entities making their MIPIM debut. KSA has a total construction spending plan of US$1.7 trillion as the country delivers a plethora of new projects, including up to 2.5 million new homes and a wide range of world class tourism, hospitality and commercial developments to meet investor demand. Saudi's construction market, valued at US$170 billion in 2024, is set to grow to more than US$200 billion by 2030. KSA's pavilions drew more than 12,500 visitors at MIPIM 2024, with 15 foreign partnerships signed. Fahad Al Hashem, Assistant Deputy Minister of Investment Development at the Ministry of Investment Saudi Arabia (MISA), said: 'KSA continues to redefine urban development with world class destinations that set new standards in design, construction and sustainability – and create investment opportunities worth more than US$25 billion in building materials and contractor services. 'As we gear up to host global events including Riyadh Expo 2030 and the FIFA World Cup 2034, there is a unique opportunity to integrate innovative, sustainable designs with cultural preservation. The Saudi Arabia of the future will celebrate the country's heritage while embracing cutting edge technology and sustainable building practices that align with our long-term vision – and the opportunities for global investors to be part of it are endless. We look forward to returning to MIPIM to reconnect with the world's real estate fraternity and build new global partnerships that are fundamental to realising Vision 2030.' Invest Saudi's spectacular display of developments is on show across two seafront pavilions and an extensive hospitality space within the Hall Mediterranee at MIPIM 2025. Saudi Talks – the highly popular series of live seminars, panel discussions and debates launched at MIPIM 2024 – is also on the agenda again, bringing together government representatives, industry leaders and real estate experts to address all things KSA real estate. In addition, building on the success of Invest Saudi's participation in 2024, the MIPIM conference programme will feature two dedicated KSA sessions, one of which will cover real estate in relation to mega events such as the World Cup. Saudi Arabia's real estate and construction sector – in numbers: US$1.4 trillion in construction spending from now to 2030 Saudi construction market projected to grow to more than US$200 billion annually by 2030 US$20-25 billion – value of investment opportunities available across value chain of building materials and contractor services US$13-$19 billion – forecasted incremental revenue for brokerage services US$12.8 billion – value of interior design and engineering sectors by 2030 US$8-13 billion – projected Facilities Management revenue by 2030 1.2 billion sq metres – real estate built up area by 2030 (excluding GIGA projects) * 45-60 million – square metre GFA of expected incremental office demand by 2030 2-2.5 million – incremental demand for residential units (villas, townhouses and apartments ) by 2030 due to population growth and home ownership plans 70% – house ownership target by 2030 * source: Construction Equity Story Visit Invest Saudi at pavilions C20, C14b and Hall Mediterranee at MIPIM 2025. About Invest Saudi Overseen by Saudi Arabia's Ministry of Investment (MISA), Invest Saudi is the Kingdom's investment attraction and promotion entity charged with communicating and facilitating investment opportunities. Invest Saudi is the primary point of contact for foreign investors seeking information and assistance before, during and after their entry into Saudi Arabia. It is committed to working in partnership with potential and current investors to make their investment journey a seamless experience. About the Ministry of Investment The ongoing transformation of Saudi Arabia under the Vision 2030 economic development and diversification plan is unlocking new investment opportunities at an unprecedented pace. The Ministry of Investment of Saudi Arabia (MISA) is facilitating access to these opportunities by developing a vibrant cross-government investment ecosystem, facilitated by Saudi Arabia's National Investment Strategy. Through a network of representative offices across the world, MISA partners with businesses of all scales and sizes—from start-ups to blue-chip multinationals—to help make investing in Saudi Arabia as simple as possible. MISA also plays a leading role in improving Saudi Arabia's overall business environment by facilitating investment data across regions and sectors, creating investment incentives, spearheading business reforms and opening up investment opportunities.
