18 Hrs
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الاقتصادية
Qatari Firm Secures 829M SAR Stadium Deal
A subsidiary of Qatar Investment Group has secured a contract worth 829 million Saudi riyals to implement mechanical systems at Prince Muhammad bin Salman Stadium in Qiddiya, Saudi Arabia. This project is among the most prominent infrastructure developments for the 2034 FIFA World Cup. The contract includes the installation of heating, ventilation, and air conditioning (HVAC) systems, public health facilities, fire safety measures, as well as building management systems. The execution is scheduled from September 2026 to May 2030, with the involvement of approximately 3,000 workers. Prince Muhammad bin Salman Stadium is one of the largest in the region, with a capacity exceeding 60,000 spectators. It features a design that combines a retractable roof with an LED display. The venue is expected to attract around 7.6 million visitors annually and will host more than 60 matches, along with a variety of entertainment and cultural events. This contract reflects «Invest Qatar Holding»’s approach to expanding its projects in line with «Vision 2030», aiming to develop a global destination for sports and entertainment, create investment opportunities, and strengthen infrastructure as part of Saudi Arabia’s economic diversification plan.
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