Saudi Arabia’s Expo 2030 Riyadh Company has commenced the process of issuing tenders on the Riyadh Expo 2030 infrastructure. Spearheading the project, the company received interests from contractors on 24 July for initial infrastructure works. The infrastructure works covering the construction of main utilities and civil works will be tendered in three packages. These include Lot 1 covering the main utilities corridor. On the other hand, lot 2 includes the northern cluster for the nature corridor. Lastly, lot 3 comprises the southern cluster on the nature corridor.
The client is also expected to ask the firms to prequalify for the contracts this month. The tendering for the infrastructure package follows ERC receiving bids from firms on 6 July. The bids also encompassed a contract to build the site offices required for initial construction works at the project. In July, US-based engineering firm Bechtel Corporation announced that it had won the project management consultancy deal.
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Saudi Arabia Issues First Tender on Multi-Billion-Dollar Construction Works of Expo 2030 Venue
The Scope of Implementation on the Riyadh Expo 2030
The scope of implementation on the Expo 2030 venue encompasses an area of 6 square kilometers. Once complete, it will be one of the largest sites designated for a World Expo event. Its ideal location to the north of the Saudi capital makes it effective. Moreover, it will be located near the future King Salman International airport, providing direct access to various landmarks within the Saudi capital. Countries participating in Expo 2030 Riyadh will have the option to construct permanent pavilions. This initiative is expected to create opportunities for business and investment growth in the region.
The expo is forecast to attract over 40 million visitors. In June, Saudi sovereign wealth vehicle the Public Investment Fund (PIF) launched ERC as a wholly-owned subsidiary to build and operate facilities for Expo 2030. During its construction phases, Expo 2030 and its legacy are also projected to contribute around $64bn to Saudi GDP. Moreover, it will generate approximately 171,000 direct and indirect jobs. Once operational, it is expected to contribute approximately $5.6bn to GDP.
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