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Riyadh Expo 2030 to Introduce Packages Supporting Participation of Developing Nations

A map illustrating the proposed location of the Riyadh Expo 2030 exhibition in the northern part of the Saudi capital, Riyadh. (Asharq Al-Awsat)
A map illustrating the proposed location of the Riyadh Expo 2030 exhibition in the northern part of the Saudi capital, Riyadh. (Asharq Al-Awsat)
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Riyadh Expo 2030 to Introduce Packages Supporting Participation of Developing Nations

A map illustrating the proposed location of the Riyadh Expo 2030 exhibition in the northern part of the Saudi capital, Riyadh. (Asharq Al-Awsat)
A map illustrating the proposed location of the Riyadh Expo 2030 exhibition in the northern part of the Saudi capital, Riyadh. (Asharq Al-Awsat)

The proposed site in the Saudi capital for hosting the Riyadh Expo 2030 has been divided into four zones based on the exhibition’s three sub-themes, sources familiar with the bid to host the exhibition told Asharq Al-Awsat.

The sub-themes are “Prosperity for All,” “Climate Action,” and “A Different Tomorrow.” The fourth zone, however, is linked to the Kingdom’s main development plan, Vision 2030.

Each of these zones features a main pavilion covering a total area of approximately 3.4 square kilometers.

Participating countries will also have the option to construct their own pavilions or rent pre-existing structures.

In an ambitious effort to accommodate all nations at the Expo, Riyadh’s bid targets participation from 196 countries, in addition to Saudi Arabia and 29 international organizations.

This goal, while ambitious, appears achievable, considering factors such as Dubai’s hosting of Expo 2020, which welcomed 192 countries.

The organizing committee for Riyadh Expo 2030 has identified 100 qualified countries to receive dedicated facilities within a set of packages, which will be announced by the first quarter of 2030.

These packages aim to support the participation of nations lacking the necessary financial resources to cover all expenses related to their involvement in the exhibition, with selection criteria based on factors such as multilateral agreements, urban populations, and tourism appeal.

Riyadh Expo 2030 aims to empower developing nations to take the lead, offering a platform for them to showcase more compelling cultural content.

Additionally, it will provide an ideal stage for companies, sectors, and governments to promote themselves, attracting business, investment, and visitors.

Furthermore, the exhibition will allocate spaces for each region within the Expo to host their programs of events, informing participating countries and visitors about scientific, cultural, commercial, and investment opportunities.

Riyadh’s chances of winning the bid to host the Expo are on the rise, with the addition of new countries to the list of supporters.

This includes several African nations and Iran, as confirmed by Iran’s Foreign Minister, Hossein Amir-Abdollahian, following his visit to the Kingdom in mid-August.

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Business

China Widens Foreign Investment Incentive List to Stem Falling Inflows

People visit a shopping center in Beijing on December 20, 2025. (AFP)
People visit a shopping center in Beijing on December 20, 2025. (AFP)
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China Widens Foreign Investment Incentive List to Stem Falling Inflows

People visit a shopping center in Beijing on December 20, 2025. (AFP)
People visit a shopping center in Beijing on December 20, 2025. (AFP)

China on Wednesday listed more sectors eligible for foreign investment incentives, from tax breaks to preferential ​land use, in its latest effort to stem a prolonged decline in overseas capital inflows.

Under the 2025 edition of the catalogue of industries for encouraging foreign investment, China added more than 200 and revised about 300, with a ‌focus on ‌advanced manufacturing, modern services and ‌green ⁠and ​high-tech ‌sectors, the list jointly issued by the National Development and Reform Commission and the commerce ministry showed.

The new catalogue, which takes effect on February 1, 2026, replaces the 2022 version and continues a policy framework ⁠that offers foreign-invested enterprises tariff exemptions on imported equipment, preferential ‌land pricing, reduced corporate income ‍tax rates in ‍designated regions and tax credits for reinvestment ‍of profits.

The catalogue also extends incentives to central and western regions, as well as the northeast and Hainan, as Beijing seeks to attract ​more foreign investment into less developed areas.

China has in recent months ⁠taken a raft of measures to boost foreign investment, including pilot programs in Beijing, Shanghai and other regions to expand market access in services such as telecoms, healthcare and education, amid trade tensions with the United States.

Foreign direct investment in China totaled 693.2 billion yuan ($98.84 billion) from January to November this year, down 7.5% from the ‌same period last year, data from the commerce ministry showed.

Business

Environment Ministry Launches Saudi Citrus Season with Production Exceeding 158,000 Tons

The citrus production season in the Kingdom begins in July and continues through March each year. (SPA)
The citrus production season in the Kingdom begins in July and continues through March each year. (SPA)
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Environment Ministry Launches Saudi Citrus Season with Production Exceeding 158,000 Tons

The citrus production season in the Kingdom begins in July and continues through March each year. (SPA)
The citrus production season in the Kingdom begins in July and continues through March each year. (SPA)

The Saudi Ministry of Environment, Water and Agriculture launched on Wednesday the Kingdom’s citrus season in local markets as part of its efforts to support and develop the agricultural sector and enhance food security in the country, in line with the Saudi Vision 2030.

The is part of the ministry’s ongoing efforts to support national agricultural products, raise awareness of citrus varieties and their nutritional benefits and production areas, and highlight their year-round diversity across production seasons.

These efforts help in improving marketing efficiency, boost competitiveness, and achieve rewarding economic returns.

Citrus fruits are among the most widely cultivated crops in the Kingdom. They are grown in several regions that produce a variety of citrus types, most notably lemons, oranges, mandarins, grapefruit, citron, and kumquats.

The ministry said lemon production leads Saudi citrus output, with total production exceeding 123,000 tons and more than 1.5 million fruit-bearing trees. Orange production follows, with total output reaching 35,700 tons and more than 397,000 fruit-bearing trees.

The citrus production season in the Kingdom begins in July and continues through March each year, it added.

The ministry said the Saudi citrus season has been launched with a number of major retail markets across the Kingdom showcasing local products through innovative packaging and display methods. This boosts the quality and reliability of local products and increases consumer demand during production seasons.

Business

SLB Awarded 5-Year Contract to Stimulate Unconventional Gas in Saudi Arabia

SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields. (Asharq Al-Awsat)
SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields. (Asharq Al-Awsat)
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SLB Awarded 5-Year Contract to Stimulate Unconventional Gas in Saudi Arabia

SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields. (Asharq Al-Awsat)
SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields. (Asharq Al-Awsat)

Global technology company, SLB, has been awarded a five-year contract by Saudi Aramco to provide stimulation services for its unconventional gas fields, the company said in a statement on Tuesday.

The move is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally, it said.

The contract encompasses advanced stimulation, well intervention, frac automation, and digital solutions, which are important to unlocking the potential of Saudi Arabia’s unconventional gas resources - a cornerstone of the Kingdom’s strategy to diversify its energy portfolio and support the global energy transition.

“This agreement is an important step forward in Aramco’s efforts to diversify its energy portfolio in line with Vision 2030 and energy transition goals,” said Steve Gassen, SLB executive vice president.

“With world-class technology, deep local expertise, and a proven track record in safety and service quality, SLB is well positioned to deliver tailored solutions that could help redefine operational performance in the development of Saudi Arabia’s unconventional resources,” he added.

These solutions provide the tools to work toward new performance benchmarks in unconventional gas development.

SLB is a global technology company that drives energy innovation for a balanced planet.

With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, it works on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition.