Saudi Arabia to Host World Expo in 2030, Crown Prince Hails Win as Culmination of Saudi Vision Goals

Saudi Foreign Minister Prince Faisal bin Farhan, accompanied by the Secretary-General of the Bureau International des Expositions (BIE) following Riyadh’s victory in securing hosting rights to Expo 2030 (Asharq Al-Awsat)
Saudi Foreign Minister Prince Faisal bin Farhan, accompanied by the Secretary-General of the Bureau International des Expositions (BIE) following Riyadh’s victory in securing hosting rights to Expo 2030 (Asharq Al-Awsat)
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Saudi Arabia to Host World Expo in 2030, Crown Prince Hails Win as Culmination of Saudi Vision Goals

Saudi Foreign Minister Prince Faisal bin Farhan, accompanied by the Secretary-General of the Bureau International des Expositions (BIE) following Riyadh’s victory in securing hosting rights to Expo 2030 (Asharq Al-Awsat)
Saudi Foreign Minister Prince Faisal bin Farhan, accompanied by the Secretary-General of the Bureau International des Expositions (BIE) following Riyadh’s victory in securing hosting rights to Expo 2030 (Asharq Al-Awsat)

Saudi Arabia secured a decisive victory in the bid to host the Expo 2030 World Fair, as announced by the Bureau International des Expositions (BIE) in Paris on Tuesday.
The confirmation came after Riyadh overwhelmingly garnered 119 votes in the initial round, marking a landslide triumph.
Following this announcement, Saudi Crown Prince Mohammed bin Salman declared that the Kingdom is set to deliver an “unprecedented edition in the history of hosting Expos,” emphasizing that “Riyadh's win in hosting Expo solidifies its leading role.”
Riyadh outperformed the Italian capital, Rome, and the South Korean city of Busan by a wide margin during the initial round of voting.
BIE announced that the kingdom would be hosting the exhibition after a secret ballot was cast during the 173rd General Assembly of BIE in Paris.
Crown Prince Mohammed bin Salman extended his congratulations to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud to mark the landmark occasion.
“The kingdom’s selection as the host of the World Expo 2030 underlines its influential and leading role and the international confidence it enjoys. Saudi Arabia has become an ideal destination for hosting major international events, including the esteemed World Expo,” said the Crown Prince.
“The World Expo 2030 coincides with a crucial year for the realization of the goals and plans outlined in Saudi Vision 2030.”
“This Expo represents a remarkable opportunity to share with the world the lessons learned from our unprecedented journey of transformation,” he added.
The Crown Prince stressed Riyadh’s readiness to welcome the world at Expo 2030, and the fact that it will fulfill the obligations stipulated in the bid with the aim of achieving the main theme of the expo, “The Era of Change: Together for a Foresighted Tomorrow”, and its subtopics: “A Different Tomorrow”, “Climate Action”, and “Prosperity for All.”
The Kingdom's bid to host the Expo received strong and direct support from the Crown Prince, starting with the Kingdom’s official application to the BIE on October 29, 2021.
The Long Parisian Day: Unraveling the Details
Saudi Foreign Minister Prince Faisal bin Farhan’s confidence in Riyadh’s bid to host Expo 2030 was not misplaced. In his presentation of Riyadh’s file before the BIE, Prince Faisal asserted that the Kingdom would emerge victorious in the competition against Italy and South Korea.
The top diplomat had affirmed that 130 countries expressed confidence in Riyadh’s proposal, and its capability to host the exposition.
According to BIE’s secretary-general, it is rare for a candidate country to secure victory from the first round, a feat achieved by Saudi Arabia with two-thirds of the votes from the outset.
During Tuesday’s session, the Saudi delegation was the last to address the General Assembly, following the diverse presentation from the South Korean and Italian delegations.
The Saudi Presentation
The Saudi delegation, led by Prince Faisal, delivered a cohesive presentation under the theme “From the World, To the World.”
They emphasized Saudi Arabia’s commitment to establishing the largest network of cooperation with nations worldwide.
Notably, Riyadh expressed its intent to allocate $384 million to assist 100 nations in need, enabling their participation in “Expo Riyadh 2030” under the banner of “One World, One Pavilion.”
Prince Faisal underscored the Kingdom’s focus on developmental goals, accelerating progress on all fronts, and addressing global challenges, including climate change, sustainable development, and international cooperation.
Speaking as he led the Saudi delegation at the general assembly on Tuesday, Prince Faisal stated, "The Kingdom is committed to collaborating with all stakeholders to deliver a distinctive edition of Expo 2030."
Princess Haifa Al-Mogrin, Saudi Arabia's representative to UNESCO, stated that the Kingdom will collaborate with all nations every step of the way until 2030.
She highlighted the focus on providing opportunities for education, health, environment, and prosperity for all.
Expo Hosting Journey
Among the five cities that initially submitted bids to host Expo 2030, two dropped out of the race early: Moscow and the Ukrainian city of Odessa, overlooking the Black Sea.
Moscow withdrew its bid due to the Russian invasion of Ukraine, and Odessa was not considered by the BIE as it did not meet the necessary conditions for organizing such a significant event.
This left Riyadh, Rome, and Busan as the remaining contenders, each presenting ambitious plans to host the prestigious expo, considered the global event in the exhibition field.
After a series of successive stages in the bidding process, the decisive moment arrived on Nov.28 with the electronic voting by the 180 member countries.
The BIE provided the final opportunity for the three competing parties to present their arguments and focus on key points they deemed “winning.”
The BIE director emphasized the need for strict adherence to the allocated time, not exceeding 20 minutes per presentation.
After Riyadh’s bid won the right to host the Expo 2030 world fair, Prince Faisal affirmed that Saudi Arabia’s victory “signifies the Kingdom's status and the international community's confidence in it.”
Prince Faisal emphasized that Saudi Arabia would present a “new type” of Expo in 2030, changing the dynamics of international exhibitions.
He expressed pride in the Kingdom’s exceptional success and thanked the nations that voted in Riyadh’s favor, acknowledging the presentations by South Korea and Italy.
Once again, he underscored that the expo is “not just for Saudi Arabia but for the entire world,” with Riyadh planning to involve all nations in its conception, planning, and execution.



Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
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Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)

Oil prices ticked up on Thursday after Israel and Lebanon’s Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.

OPEC+ also delayed by a few days a meeting likely to extend production cuts.

Brent crude futures edged up by 30 cents, or 0.4%, to $73.13 a barrel by 1741 GMT. US West Texas Intermediate crude futures were up 23 cents, 0.3%, at $68.93. Trading was thin because of the US Thanksgiving holiday, Reuters reported.
Israel's military said the ceasefire was violated after what it called suspects, some in vehicles, arrived at several areas in the southern zone.
The deal, which took effect on Wednesday, was intended to allow people in both countries to start returning to homes in border areas shattered by 14 months of fighting.
The Middle East is one of the world's major oil-producing regions, and while the ongoing conflict has not so far not impacted supply it has been reflected in a risk premium for traders.
Elsewhere, OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies including Russia, delayed its next policy meeting to Dec. 5 from Dec. 1 to avoid a conflict with another event.
Also supporting prices, OPEC+ sources have said there will again be discussion over another delay to an oil output increase scheduled for January.
"It's highly unlikely they are going to announce an increase production at this meeting," said Rory Johnston, analyst at Commodity Context.
The group pumps about half the world's oil but has maintained production cuts to support prices. It hopes to unwind those cuts, but weak global demand has forced it to delay the start of gradual increases.
A further delay has mostly been factored in to oil prices already, said Suvro Sarkar at DBS Bank. "The only question is whether it's a one-month pushback, or three, or even longer."
Depressing prices slightly, US gasoline stocks rose 3.3 million barrels in the week ending Nov. 22, the US Energy Information Administration said on Wednesday, countering expectations of a small draw in fuel stocks ahead of holiday travel.
Slowing fuel demand growth in top consumers China and the US has weighed on oil prices this year.