15 September 2026Established 2026 · English edition
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Expo 2030 Riyadh signs SAR3.2bn joint venture for Expo Village

Mohammed Al Habib Real Estate Company will develop 2,300 residential apartments through public-private partnership structure.

Stunning aerial shot of Manchester's skyline highlighting modern architecture and urban landscape.Photograph by Mylo Kaye on Pexels

Expo 2030 Riyadh and Mohammed Al Habib Real Estate Company signed a SAR3.2 billion ($853 million) joint venture agreement on September 3, 2026 to develop the Expo Village residential community. The Public Investment Fund-owned Expo 2030 Riyadh entity structured the transaction as a public-private partnership. Talal Al-Marri, CEO of Expo 2030 Riyadh, and Abdullah Mohammed Al Habib, CEO of Mohammed Al Habib Real Estate Company, signed the agreement.

Project scope and residential capacity#

The Expo Village will contain 2,300 residential apartments with capacity to accommodate 5,500 residents. The development will serve as accommodation for official participants and delegations attending Expo 2030 Riyadh. The project includes retail and dining spaces, amenities, services and operational facilities. The site will connect to the Expo 2030 Riyadh venue through the Expo metro station, with links to King Khalid International Airport and Riyadh's transport network.

First residential PPP for Expo 2030#

The Expo Village represents the first residential community developed for Expo 2030 Riyadh under a public-private partnership structure. Al-Marri stated the project represents a step in delivering infrastructure, services and facilities required to meet the needs of official participants. Expo 2030 Riyadh expects to sign additional residential developments as part of the Expo's Legacy phase, though no dates or values were disclosed for future agreements.

Event timeline and participation#

Expo 2030 Riyadh will run from October 1, 2030 to March 31, 2031. The event expects 197 official participants and 42 million visitors over the six-month period. More than 145 countries have confirmed participation, with formal Participation Contracts now being signed. Bahrain signed its Participation Contract on September 3, 2026, with Sheikh Khalifa bin Ahmed Al Khalifa and Al-Marri executing the agreement in Manama. France signed its Participation Contract in August 2026 in Paris.

Legacy planning and sustainable pavilions#

Participating countries are expected to develop sustainable pavilions designed to remain beyond the six-month event as part of the Global Village. The Global Village forms a component of Expo 2030 Riyadh's enduring legacy. Bahrain's pavilion is planned to become part of this permanent structure, though construction timelines were not specified. The Expo Village residential community will form part of the broader Legacy phase infrastructure.

Sources2 sources across 2 domains

  1. agbi.comAGBISAR3.2 billion joint venture value, 2,300 apartments, 5,500 capacity, signatories, project scope and connectivity
  2. saudigazette.com.saSaudi GazetteBahrain Participation Contract signing date, signatories, 145 countries confirmed, France contract timing, Global Village legacy component

Each source above carries the claim it supports. Links open the publisher's own page; their text is not reproduced here beyond what the claim requires, and their rights remain theirs.

Filed underexpo 2030 riyadhpublic private partnershipmohammed al habibresidential developmentsaudi real estatepif

Equity Arabia is published by Arabian Media Network. Pieces are produced by the Asset Sales Desk with AI-assisted synthesis of the cited sources and automated verification against the network's editorial policy. Every piece carries a desk rather than a reporter. Corrections are recorded on the piece and on the corrections page.