• Expo 2030 Riyadh and Mohammed Al Habib Real Estate Company signed a SAR3.2 billion ($853 million) joint venture on September 14, 2026, per Arab News.
• Expo Village will hold roughly 2,300 apartments for about 5,500 residents, built to house official delegations during the Expo, AGBI and Arab News reported.
• It is the first joint-venture project signed by Expo 2030 Riyadh, the PIF-owned company formed in 2025 to deliver the event, according to PIF's own press release.
• The village is designed to convert into a permanent Riyadh neighborhood after Expo 2030 Riyadh runs its scheduled October 2030–March 2031 window, Arab News reported.
• Neither AGBI nor Arab News disclosed a construction completion date, financing split between the two partners, or a site size — figures still unconfirmed as of this report.

Expo 2030 Riyadh, the Public Investment Fund-owned company delivering Saudi Arabia's World Expo, signed a SAR3.2 billion ($853 million) joint venture with Mohammed Al Habib Real Estate Company on September 14, 2026, to build Expo Village, according to Arab News. The deal is the Expo's first joint-venture project and the first concrete test of how much of the event's SAR-denominated buildout PIF plans to route through private developers rather than fund directly.

The Book: What Was Signed

The agreement, signed at the Expo 2030 Riyadh site by chief executives Talal Al-Marri and Abdullah Mohammed Al-Habib, commits the two parties to develop and deliver Expo Village as a joint venture rather than a straight construction contract, Arab News reported. Neither company disclosed the equity split, financing structure, or a construction completion date in the reporting reviewed for this piece — terms that will matter for how the SAR3.2 billion figure ultimately maps onto each partner's balance sheet.

The Float: What Gets Built

Expo Village will comprise nearly 2,300 residential apartments built to house roughly 5,500 official delegates and participants during Expo 2030 Riyadh, which is scheduled to run from October 1, 2030 to March 31, 2031 and expects more than 42 million visits across 197 participating nations, per Arab News. AGBI reported the development will include retail, dining and connections to the Expo metro station, King Khalid International Airport and Riyadh's wider transport network.

The Aftermarket: The Legacy Bet

Expo 2030 Riyadh has said Expo Village is designed to convert into a permanent residential neighborhood in northern Riyadh once the event closes, a legacy-housing model consistent with prior World Expo host cities, per AGBI's reporting. That conversion plan is unconfirmed in construction terms — no post-Expo handover date or occupancy target was disclosed — and represents the first of what Expo 2030 Riyadh has signaled will be further residential joint ventures ahead of 2030.

Not Investment Advice

This article is markets and infrastructure reporting on a disclosed public-private partnership; it is not investment advice and makes no recommendation to buy, sell or hold any security or asset tied to Expo 2030 Riyadh, the Public Investment Fund, or Mohammed Al Habib Real Estate Company. Readers should treat all figures above as reported by the cited outlets pending any primary filing or press release from the parties themselves.