Saudi Arabia Promises to Host 'Best Expo in History'

 Prince Faisal bin Farhan and Princess Rima bint Bandar, in Paris on Tuesday (AP)
 Prince Faisal bin Farhan and Princess Rima bint Bandar, in Paris on Tuesday (AP)
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Saudi Arabia Promises to Host 'Best Expo in History'

 Prince Faisal bin Farhan and Princess Rima bint Bandar, in Paris on Tuesday (AP)
 Prince Faisal bin Farhan and Princess Rima bint Bandar, in Paris on Tuesday (AP)

Representatives of the 170 member-states of the Bureau International des Expositions (BIE) gathered in Paris on Tuesday for the announcement of the findings of Enquiry Missions carried out by the BIE to assess the candidature projects for World Expo 2030.

The member-states voted to retain the three projects that were considered by the Executive Committee of the BIE to be viable and in line with BIE regulations. Those included Saudi Arabia, Italy and South Korea.

The Saudi Arabian delegation, led by the Foreign Minister Prince Faisal bin Farhan, presented a dynamic plan and philosophy for Saudi Arabia’s ambition to host the Expo 2030, under the theme “The Era of Change: Together for a Foresighted Tomorrow”.

The team included the CEO of the Royal Commission for Riyadh City, Ibrahim Al-Sultan, the Director of Landscape Architecture, Lamia al-Muhanna, Senior Director of Creative Arts, Architect Nouf al-Moneef, Minister of Investment Khalid al-Falih, and the Kingdom’s Ambassador to the US, Princess Reema Bandar Al-Saud.

Speaking on the occasion, Foreign Minister Prince Faisal bin Farhan expressed gratitude to the General Assembly president and the BIE Secretariat for their dedicated efforts.

Emphasizing the Kingdom’s unique global position, which connects north to south and east to west, Bin Farhan linked Saudi Arabia’s Expo 2030 bid to Vision 2030 and expressed the country’s ambition to create a prosperous and sustainable future.

He also announced that Saudi Arabia offered a $343 million facilities package designed to assist 100 eligible countries in areas like pavilion construction, maintenance technologies, travel events, and more.

For his part, Ibrahim Al-Sultan, CEO of the Royal Commission for Riyadh City, stressed Saudi Arabia’s capabilities to fulfill its commitments, noting that Riyadh planned to host 120 million visitors in 2030.

He also expressed confidence in Riyadh’s ability to deliver an “unprecedented world expo”.

In his speech, the minister of Investment noted that the investment opportunities within the framework of Expo 2030 would be excellent and integrated with the investment climate in Saudi Arabia.

Princess Rima bint Bandar said that her country was “committed to holding the best version in history of a world exhibition,” pointing to the Kingdom’s tourism, natural, cultural, historical and human capabilities.

The Saudi delegation did not forget to remind of the major ongoing projects in the Kingdom, including NEOM, Qiddiya, Misk City, the Red Sea projects, and the Cube.

On Monday evening, the Royal Commission for Riyadh City hosted a celebration at the Grand Palais Ephémère, in the heart of Paris, in the presence of Crown Prince Mohammed bin Salman.

The event provided an opportunity to present the Kingdom’s plan, and to share its story of the unprecedented national transformation.

On this occasion, Prince Mohammed bin Salman met with the Secretary-General of the BIE, Dimitri Kerkentzes, with whom he reviewed the Kingdom’s bid to host Expo 2030. The meeting was attended by Prince Faisal bin Farhan, Ibrahim Al-Sultan, and the Kingdom’s Ambassador to France, Fahd Al-Ruwaili.

A member of the French delegation, which participated in the BIE General Assembly, told Asharq Al-Awsat that the Saudi presentation was “unique”, adding that Riyadh “deserves to host the exhibition.”

During the 173rd General Assembly of the BIE in November 2023, the member-states will elect the host country of World Expo 2030 via secret ballot on the principle of one country, one vote.



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.