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Nesma & Partners, Spain’s FCC Construction to construct Qiddiya stadium: PIF-backed Qiddiya Investment Company (QIC) awarded a SAR 4 bn (USD 1.1 bn) contract to Madrid-based FCC Construction and Khobar-based Nesma & Partners for the construction of the 45k-seat Prince Mohammad bin Salman Stadium in Riyadh’s Qiddiya city, according to a Meed exclusive.
The project is slated for completion in 2029, senior architect at the Royal Commission for Riyadh Khaled Al Ojyan said on Linkedin. QIC tapped US-based architecture house Populous to design the stadium.
All part of our sports ambitions: The Kingdom’s sports economy — currently valued at USD 8 bn — is expected to top USD 22 bn by 2030, CNN reported last month, citing the Investment Ministry. “We want to be a leading country when it comes to sport, and a sport hub for lots of the sports that we are focusing on,” Vice Minister of Sport Bader Al Kadi told CNN’s Eleni Giokos.
REMEMBER- Saudi is looking to host a handful of international sporting events in the next decade, with plans to build out sports infrastructure to bolster its bidding position. Officials released the Kingdom’s bid book for the 2034 Fifa World Cup in August, highlighting 15 stadiums across five cities, from Riyadh to Al Khobar, Jeddah, Abha, and Neom. Saudi Arabia is the sole bidder for the 2034 World Cup after Australia backed out. The Kingdom is also exploring the possibility of bidding to host the Olympic games.
