Senior Saudi Officials Chart Technical Plans for Expo 2030

Observers said Vision 2030 illustrates how countries can support transformation and proactively anticipate structural changes based on a long-term vision. (Asharq Al-Awsat)
Observers said Vision 2030 illustrates how countries can support transformation and proactively anticipate structural changes based on a long-term vision. (Asharq Al-Awsat)
TT

Senior Saudi Officials Chart Technical Plans for Expo 2030

Observers said Vision 2030 illustrates how countries can support transformation and proactively anticipate structural changes based on a long-term vision. (Asharq Al-Awsat)
Observers said Vision 2030 illustrates how countries can support transformation and proactively anticipate structural changes based on a long-term vision. (Asharq Al-Awsat)

No sooner had Saudi Crown Prince Mohammed bin Salman announced in October 2021 Riyadh’s bid to host Expo 2030 that preparations for the nomination began with great momentum and enthusiasm.

All relevant government entities in the country participated and supported the effort, making the bid a central focus in the Kingdom.

Crown Prince Mohammed had emphasized that Expo 2030 would coincide with the fulfillment of Saudi Vision 2030, presenting an exceptional opportunity to showcase the achievements of the vision and share valuable lessons from this transformation journey.

He highlighted the competitive advantages boasted by Riyadh, as it stands as the “largest purchasing power in the Middle East” and possesses outstanding infrastructure.

Additionally, Riyadh is a cornerstone of economic growth in Saudi Arabia due to its immense size and economic influence.

The Royal Commission for Riyadh City, which is responsible for the comprehensive development of the Saudi capital, is also the government entity leading local efforts to host Expo 2030.

The Commission follows an administrative and technical governance approach that allows it to be responsible for all efforts aimed at achieving urban development in Riyadh.

The capital is paving its way to becoming one of the top 10 cities in the world in terms of urban economy, as affirmed by the CEO of the Commission during the presentation of Riyadh’s bid to host Expo 2030 before the General Assembly of the Bureau International des Expositions in Paris on Tuesday.

“We are ready to start working immediately upon our selection, and by February 2028, all preparations in Saudi Arabia will be completed to host Expo 2030,” said Ibrahim Al-Sultan, acting CEO of the Royal Commission for Riyadh City.

“We are confident in our ability to hold an unprecedented world exhibition,” he stressed.

The strategy behind Saudi government agencies for the Expo 2030 project is embodied in the royal decree issued on December 25, 2021, on establishing a steering committee for Expo 2030 to oversee the city’s nomination.

This decree was followed by a directive on March 7, 2022, granting the committee an official status under the name of the “Technical Preparations Committee.”

Informed sources revealed to Asharq Al-Awsat that the Committee is headed by Al-Sultan.

The committee includes several senior government officials in Saudi Arabia, namely Ahmed Al-Khateeb, Minister of Tourism; Mohammed Al-Jadaan, Minister of Finance; Faisal Al-Ibrahim, Minister of Economy and Planning; Mohammed Al-Tuwaijri, former Minister of Economy and Planning and Advisor to the Royal Court; Fahad Toonsi, Advisor to the Royal Court; and Hamed Fayez, Deputy Minister of Culture.

Additionally, it includes Fahad Al-Ruwaily, the Saudi Ambassador to France, and Fahd Hamidaddin, the CEO of the Saudi Tourism Authority.



Saudi Arabia Sees Lithium Investment Options in Chile

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayaf speaks during an interview with Reuters, in Santiago, Chile, July 29, 2024. REUTERS/Pablo Sanhueza Purchase Licensing Rights
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayaf speaks during an interview with Reuters, in Santiago, Chile, July 29, 2024. REUTERS/Pablo Sanhueza Purchase Licensing Rights
TT

Saudi Arabia Sees Lithium Investment Options in Chile

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayaf speaks during an interview with Reuters, in Santiago, Chile, July 29, 2024. REUTERS/Pablo Sanhueza Purchase Licensing Rights
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayaf speaks during an interview with Reuters, in Santiago, Chile, July 29, 2024. REUTERS/Pablo Sanhueza Purchase Licensing Rights

Saudi Arabia's Manara Minerals is looking at opportunities to invest in lithium production in Chile, mining minister Bandar Alkhorayaf said on Monday during a visit to the South American country.

Manara, a joint venture between state-owned miner Ma'aden and the Public Investment Fund (PIF), is "analyzing the different options," Alkhorayaf said in an interview, Reuters reported.

Alkhorayaf, the Saudi Minister of Industry and Mineral Resources, said Manara had interest in Chile, the world's second-largest producer of the battery metal.

"I think we can see something happening with Manara on the Chilean assets here. It makes a lot of sense," he said, adding that he saw "great commitment" from the Chilean government to help secure investment.

He noted that he was not aware of specific discussions underway. Chile's state-run miner Codelco is currently seeking a partner for a major lithium project in the Maricunga salt flat, and the government recently opened a number of other lithium deposits to private investment.

Alkhorayaf as well as Manara CEO Pierre Chenard participated in meetings on Monday with Chile's mining ministry in which Codelco participated.

Alkhorayaf added that Saudi Arabia is interested in quickly securing supply of lithium, including from Chile, as it aims to produce EV batteries domestically.

"We have a leadership that's very ambitious," he said. "We are serious to source it now ... as soon as possible."

In a meeting with his Chilean counterpart Aurora Williams, the two discussed the minerals supply chain, water supply issues and lithium, according to Chile's mining ministry. Alkhorayaf also proposed setting up a group between both governments to explore possible collaboration, the ministry said in a statement.