Connect with us

    Hi, what are you looking for?

    Financial News

    Saudi Arabia Will Arrange The 2030 World Expo After Overcoming Busan, and Rome

    Saudi Arabia arises as the host for the 2030 World Expo

    Riyadh, Saudi Arabia, has clinched the bid to organize the 2030 World Expo, prevailing over competitors Busan, South Korea, and Rome, Italy. The verdict was revealed after a ballot conducted by the Bureau International des Expositions (BIE) in Paris, the international body overseeing the event.

    Riyadh secured 119 votes in the initial round of voting, exceeding the two-thirds majority required to win without a second round. In contrast, Busan received 29 votes, and Rome secured 17 votes. This significant majority led to Riyadh’s conclusive victory without the need for a runoff.

    The Saudi delegation celebrated the victory as the results were displayed on an electronic board in Issy-les-Moulineaux, the southwestern suburban area of Paris, where the anonymous voting took place.

    In spite of a last-minute push by South Korea, Busan couldn’t gather enough support to prompt a runoff. Prime Minister Han Duck-soo expressed regret, stating, “I sincerely apologize for not adequately reciprocating the support people have generously given us so far,” while emphasizing the diplomatic gains made during the global campaign.

    The World Expo, renowned for fostering global innovation and cultural exchange, traces its origins back to the initial event in London in 1851. The fair involves countries constructing pavilions on the Expo site and is scheduled to occur in Osaka, Japan, in 2025.

    Image Source: Bestravelvideo @ShutterStock

    You May Also Like

    Stocks

    Previously, in April, the CEO of Tesla and SpaceX, Elon Musk, caused quite a stir by revealing his intentions to procure the entire social...

    Stocks

    Concerns about rising prices are impacting the entire economy of the United States, and one sector that is particularly affected is the real estate...

    Stocks

    With rising expenses in fuel and power worldwide, particularly in the United States, the quest for sustainable energy sources has intensified. A significant historical...

    Stocks

    Kellogg, a major supplier of packaged foods in the United States and globally, has maintained overall centralized control of all its owned labels during...