Saudi Arabia Plans Global Village at Expo Site After 2030

Saudi Media Minister Salman Al-Dossary visits the Expo 2030 pavilion at the Saudi Media Forum. (Asharq Al-Awsat)
Saudi Media Minister Salman Al-Dossary visits the Expo 2030 pavilion at the Saudi Media Forum. (Asharq Al-Awsat)
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Saudi Arabia Plans Global Village at Expo Site After 2030

Saudi Media Minister Salman Al-Dossary visits the Expo 2030 pavilion at the Saudi Media Forum. (Asharq Al-Awsat)
Saudi Media Minister Salman Al-Dossary visits the Expo 2030 pavilion at the Saudi Media Forum. (Asharq Al-Awsat)

Saudi Arabia plans to transform the site of Expo 2030 Riyadh into a permanent, sustainable global village once the six-month world fair ends, officials said on Tuesday, as countries begin locking in their presence at the flagship event, with eight nations, including the US, already securing pavilion space.

The details were disclosed during a media briefing for Expo 2030, held on the sidelines of the Saudi Media Forum in Riyadh.

The briefing was attended by chief executive officer of Expo 2030 Riyadh Company Talal Al-Marri and Director General of the Center for Government Communication Abdullah Al-Maghlouth, along with several officials and specialists.

Al-Marri said the site would be fully prepared by 2029, allowing participating countries to begin early preparations ahead of the opening of the global event. He added that eight countries have already reserved pavilion plots, among them the US.

Infrastructure

Work is progressing steadily to prepare the site. In 2025, the government awarded the main infrastructure development contract and deployed a fleet of heavy equipment.

Excavation and landfill works have been carried out over an area of 1.5 million square meters, and construction of hotels dedicated to the exhibition is expected to begin later this year.

The anticipated event, described by organizers as one of the largest international platforms for bringing countries together, is under the theme “The Era of Change: Together for a Foresighted Tomorrow.” The exhibition will run from October 1, 2030, to March 31, 2031.

The event, overseen by the Bureau International des Expositions (BIE), will be held on a six-million-square-meter site north of Riyadh, near King Salman International Airport.

Organizers expect more than 40 million visitors from inside and outside the Kingdom, along with broad participation from international institutions and governmental and non-governmental organizations.

Sustainable development

Expo 2030 aims to host 197 countries and 29 organizations, with more than 230 pavilions addressing significant global challenges and presenting innovative solutions to build a more sustainable future.

The exhibition is designed as a global platform for sharing ideas and expertise on the future of sustainable development and international cooperation, highlighting innovation, culture, and scientific and technological progress.

Events will include a mix of interactive exhibitions, intellectual forums, advanced technology showcases, and dialogue platforms bringing together governments, companies, non-profit organizations, and universities.

Cultural and entertainment programs reflecting the diversity of global cultures and human history will also be featured.

The site’s design draws inspiration from nature and Riyadh’s historical heritage, is built around an ancient valley, and is inspired by the concepts of the oasis and the garden to reflect harmony between nature and urban progress.

The exhibition has been planned as a fully walkable experience, with public facilities and leisure spaces carefully designed to enhance visitor comfort and engagement across pavilions and open areas.

Solar energy

Among the site’s key design features are 226 spherical pavilions, arranged to reflect the philosophy of international cooperation and cultural harmony among nations.

Shaded walkways and green gardens have also been incorporated into public spaces, providing a comfortable environment for visitors and underscoring Saudi Arabia’s commitment to sustainable environmental practices.

All participating countries will contribute to preparing the pavilions, allowing each nation to showcase its culture, achievements, and future ambitions.

Expo 2030 Riyadh is also built around sustainable environmental strategies, including solar energy, natural resource management, water treatment solutions, and waste recycling, to become one of the world’s most sustainability-focused expos.

The event’s program will address themes such as climate action, prosperity for all, and a better tomorrow, reflecting key issues on the global sustainable development agenda.

Expo 2030 Riyadh reflects the Kingdom’s ambition to position itself as a global hub for knowledge, cultural, and economic exchange. It represents a central milestone in its long-term transformation under Vision 2030, aimed at diversifying the economy and strengthening its role on the global stage.



IMF: Saudi Attacks Could Have Negative Spillover 'Everywhere'

IMF Managing Director Kristalina Georgieva gestures during the Managing Director briefing on the Global Policy Agenda during the 2026 IMF-World Bank Group Annual Meetings at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP)
IMF Managing Director Kristalina Georgieva gestures during the Managing Director briefing on the Global Policy Agenda during the 2026 IMF-World Bank Group Annual Meetings at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP)
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IMF: Saudi Attacks Could Have Negative Spillover 'Everywhere'

IMF Managing Director Kristalina Georgieva gestures during the Managing Director briefing on the Global Policy Agenda during the 2026 IMF-World Bank Group Annual Meetings at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP)
IMF Managing Director Kristalina Georgieva gestures during the Managing Director briefing on the Global Policy Agenda during the 2026 IMF-World Bank Group Annual Meetings at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP)

International Monetary Fund head Kristalina Georgieva said Wednesday that recent attacks on Saudi Arabia could impact people "everywhere” as "the Saudi economy is important for the region and the world."

Given the Saudi economy’s importance, “these developments have potentially negative spillovers for everybody, everywhere," IMF managing director Georgieva said at a news conference during the Annual Meetings of the Fund and World Bank in Bangkok.

The warning comes at a time when energy flows and shipping activity in the region are under pressure, with supply disruptions potentially affecting energy and trade costs as well as economic activity, particularly in economies dependent on oil and gas imports.

The IMF’s forecasts, released on Tuesday, highlight the scale of the expected impact of the disruptions on the region’s economies. The IMF expects the economies of the Middle East and Central Asia to contract by 0.3 percent in 2026, followed by growth of 6.3 percent in 2027, a trajectory that reflects the pressures of the current crisis as well as the anticipated recovery as the disruptions ease and energy and trade flows are restored.

The expected repercussions vary across regional economies depending on their exposure to shipping disruptions and their ability to maintain exports. In its outlook for Saudi Arabia, the IMF raised its 2027 growth forecast to 7.9 percent, from 2.4 percent in July and 3.4 percent in April.

Meanwhile, it lowered its estimate for the economy’s contraction in 2026 to 3.3 percent, compared with 5 percent in its July update and 6.4 percent in April.

This trajectory reflects expectations that production and exports will regain momentum as shipping disruptions subside, although the speed and scale of the recovery will remain tied to developments in the security situation and the normalization of energy and trade flows.

The Saudi Ministry of Finance has projected stronger growth of 12.8 percent in 2027, according to the pre-budget statement.


Taiwan Says Will Invest Up to US$4.4 bn in Alaska Gas Project

A snipers team provides security as US President Donald Trump boards Air Force One at Elmendorf Air Force Base in Anchorage, Alaska, on October 13, 2026. (Photo by Kent NISHIMURA / AFP)
A snipers team provides security as US President Donald Trump boards Air Force One at Elmendorf Air Force Base in Anchorage, Alaska, on October 13, 2026. (Photo by Kent NISHIMURA / AFP)
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Taiwan Says Will Invest Up to US$4.4 bn in Alaska Gas Project

A snipers team provides security as US President Donald Trump boards Air Force One at Elmendorf Air Force Base in Anchorage, Alaska, on October 13, 2026. (Photo by Kent NISHIMURA / AFP)
A snipers team provides security as US President Donald Trump boards Air Force One at Elmendorf Air Force Base in Anchorage, Alaska, on October 13, 2026. (Photo by Kent NISHIMURA / AFP)

Taiwan said Wednesday it will inject up to US$4.4 billion in the Alaska LNG project, after US President Donald Trump announced the island's investment in the to-be-built natural gas pipeline.

Taiwan imports nearly all of its energy supply and has sought to shore up Washington's support as China presses its claims of sovereignty over the island democracy.

"According to current plans, the cooperation will include the annual procurement of six million metric tons of Alaska LNG following production," the Ministry of Economic Affairs said in a statement.

It will also involve "participation in project development, with an estimated investment of up to US$4.4 billion," AFP quoted the ministry as saying.

"If the project progresses smoothly according to the planned timeline, it is expected to begin further supplementing domestic natural gas supplies as early as 2032," it added.

The statement came hours after Trump told a rally in Wasilla, Alaska, that Taiwan had agreed to buy 30 percent of the output from the pipeline over the next 20 year and also invest US$4.4 billion into the project.

Taiwan sources its LNG from multiple countries but the mix has changed dramatically this year after the start of the Middle East war when Iran claimed control of the Strait of Hormuz.


Saudi Arabia Drives September Surge in OPEC+ Output Despite Iran War Disruptions

An oil tanker at Ras Al-Khair port, north of Dammam, in 2019. REUTERS
An oil tanker at Ras Al-Khair port, north of Dammam, in 2019. REUTERS
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Saudi Arabia Drives September Surge in OPEC+ Output Despite Iran War Disruptions

An oil tanker at Ras Al-Khair port, north of Dammam, in 2019. REUTERS
An oil tanker at Ras Al-Khair port, north of Dammam, in 2019. REUTERS

OPEC+ crude output surged in September as Saudi Arabia ramped up production, despite continued disruption to oil shipments through the Strait of Hormuz caused by the Iran war, OPEC said in its monthly report on Tuesday.

The Organization of the Petroleum Exporting Countries raised its forecast for global oil demand growth in 2027 to 2.55 million barrels per day (bpd) from 2.36 million bpd, citing the need to replenish inventories depleted by war-related supply disruptions.

But it cut its demand growth forecast for this year for a sixth straight month, to 180,000 bpd from about 380,000 bpd in its August estimates.

OPEC+, which groups OPEC members and allies including Russia, pumped an average of 39.068 million bpd in September, up 903,000 bpd from 38.165 million bpd in August, the report showed.

Output has risen by about 1.36 million bpd since July, when it stood at 37.710 million bpd, according to the secondary sources OPEC uses to track production.

OPEC members drove the increase, raising output by about 920,000 bpd to 25.097 million bpd from 24.177 million bpd a month earlier. Production by participating non-OPEC countries fell by about 18,000 bpd.

Saudi Arabia leads surge

Saudi Arabia posted the alliance's largest production increase. Output climbed to 8.372 million bpd in September from 6.238 million bpd in August, a gain of more than 2 million bpd, according to figures the kingdom submitted to OPEC.

The increase comes as Saudi Arabia seeks to restore oil flows and strengthen the resilience of its exports against war-related disruptions. Aramco increased oil loadings at Gulf export terminals in September after an attack on the East-West pipeline disrupted shipments through the Red Sea.

Inventory rebuilding to support demand

OPEC expects global oil demand to rise by 2.55 million bpd in 2027 to average 108.3 million bpd, compared with 108.19 million bpd in last month's forecast.

The forecast assumes demand growth in 2026 will slow as currently expected, with the need to replenish depleted inventories supporting growth next year, OPEC said.

For 2026, the group expects demand growth of just 180,000 bpd. It also cut its fourth-quarter demand estimate to 107.73 million bpd from 107.85 million bpd in last month's report.

Demand in countries belonging to the Organisation for Economic Co-operation and Development is forecast to shrink by about 210,000 bpd this year, while demand in non-OECD economies is expected to grow by 390,000 bpd.

Oil supply from outside OPEC+ is forecast to grow by 640,000 bpd in 2026 and 620,000 bpd in 2027.

Russian output declines

Russian oil output fell by 38,000 bpd in September to 8.643 million bpd, the report showed, amid continued Ukrainian strikes on Russian energy infrastructure, including refineries.

Russian Deputy Prime Minister Alexander Novak said the country would trim oil production this year. Russia's Economy Ministry lowered its 2026 output forecast to a 17-year low amid the war with Ukraine.

Kazakhstan's production rose by 22,000 bpd in September to 1.851 million bpd, according to the OPEC report.