Major Projects Confirm Riyadh’s Ability to Organize Exceptional Expo 2030

The new international version of the Media Oasis is being held by the Saudi Ministry of Information in Paris from Nov. 26-28. (SPA)
The new international version of the Media Oasis is being held by the Saudi Ministry of Information in Paris from Nov. 26-28. (SPA)
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Major Projects Confirm Riyadh’s Ability to Organize Exceptional Expo 2030

The new international version of the Media Oasis is being held by the Saudi Ministry of Information in Paris from Nov. 26-28. (SPA)
The new international version of the Media Oasis is being held by the Saudi Ministry of Information in Paris from Nov. 26-28. (SPA)

The General Assembly of the International Bureau of Exhibitions (BIE) is preparing to choose the country which will host Expo 2030, as the representatives of 182 member states of the (BIE) will cast their ballots on Tuesday, to determine whether Riyadh, Busan or Rome will organize the international event.

Saudi Arabia’s giant projects have confirmed the country’s ability to organize an exceptional exhibition, making Riyadh one of the top 10 cities in the world in 2030.

The Kingdom has seen an unprecedented rise in the number of tourists, according to the World Tourism Organization (WTO), ranking second worldwide in the increase of international tourists in the first quarter of 2023, and the highest quarterly performance with a growth rate of 64 percent, during which it received about 7.8 million tourists.

The new international version of the Media Oasis is being held by the Saudi Ministry of Information in Paris from Nov. 26-28, in conjunction with Saudi Arabia’s participation in the 173rd General Assembly meeting.

The majority of participants have agreed in their discussions that the major Saudi projects, which are displayed at the event, prove the city’s ability to organize “an exceptional and unprecedented version that contributes to anticipating the future,” as previously announced by Prince Mohammed bin Salman, Crown Prince and Prime Minister.

Those projects include the King Salman Park and the Sports Track, the largest longitudinal park in the world, the New Square, as well as one of the world’s largest urban afforestation projects, known as Green Riyadh.

In addition to its future projects, the Saudi capital also presents a model of a city with a rich history, with developmental transformations and comprehensive renaissance.

The Diriyah Gate Development Authority introduces the city as the first historical Saudi capital, where culture, beauty, nature and art, make it an exceptional world destination for enthusiasts of history and culture.



Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
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Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

OPEC+ members Iraq, Saudi Arabia and Russia agreed in a meeting in Iraq on Tuesday on the importance of maintaining stable oil markets and fair prices, Iraq's Prime Minister Office said on Tuesday.

The talks come ahead of Sunday's meeting of OPEC+, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, where OPEC+ sources say it will weigh a possible further delay to plans to raise oil output.

Iraqi Prime Minister Mohammed Shia al-Sudani, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, and Russian Deputy Prime Minister Alexander Novak attended the meeting.

They discussed "the conditions of global energy markets and matters related to the production of crude oil, its flow to markets, and meeting demand," the prime minister's office said, Reuters reported.

"The importance of maintaining stability, balance, and fair prices was emphasised, while stressing the vital role played by the OPEC+ group in this regard," the office added.

Russian energy minister Sergei Tsivilev and deputy energy minister Pavel Sorokin were also present, according to a photo posted on the X account of the Iraqi prime minister's media office.

OPEC+, which pumps around half the world's oil, has already delayed a plan to gradually lift production by several months this year because of falling prices, weak demand and rising production outside the group.

Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in a $70-$80 per barrel range this year and on Tuesday were trading below $74 a barrel, not far above a 2024 low reached in September.

Azerbaijan's Energy Minister Parviz Shahbazov told Reuters on Monday OPEC+ may at Sunday's meeting consider leaving its current oil output cuts in place from Jan. 1. The meeting will be held online, OPEC+ sources said.