SR3.2 billion joint venture agreement inked to develop and deliver Riyadh Expo Village
RIYADH — Expo 2030 Riyadh and Mohammad Al Habib Real Estate Company (MAHR) have signed a SR3.2 billion joint venture agreement for the development and delivery of the Expo Village, the residential community for Expo 2030 Riyadh. The agreement was signed by Chief Executive Officer of Expo 2030 Riyadh Talal Al-Marri and Chief Executive Officer of Mohammad Al Habib Real Estate Company Abdullah…
Riyadh — The Riyadh Expo Village, a residential community for Expo 2030 Riyadh, has secured a joint venture agreement worth SR3.2 billion with Mohammad Al Habib Real Estate Company (MAHR). The deal was signed by Expo 2030 Riyadh's CEO, Talal Al-Marri, and MAHR's CEO, Abdullah Mohammad Al Habib, at the Expo 2030 Riyadh site. The Expo Village will provide around 2,300 apartments for 5,500 residents, along with retail and dining spaces, amenities, and services, all connected to the Expo site via metro, airport, and Riyadh's transport network.
The village aims to offer a comfortable living environment for official participants and delegations, with plans to transition into a permanent residential community after the Expo. Expo 2030 Riyadh is scheduled to run from October 1, 2030, to March 31, 2031, and is expected to attract 197 official participants and 42 million visitors.
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