Qatari firm secures 829M riyal stadium contract
A subsidiary of the Qatari "Investcorp Holding" Group has won a contract valued at 829 million Saudi riyals to execute the mechanical package at Prince Muhammad bin Salman Stadium in Qiddiya City. This stadium is one of Saudi Arabia’s most prominent sports infrastructure projects and is poised to host the 2034 World Cup matches. The contract includes work on heating, ventilation, air conditioning, fire safety, and building management systems. The implementation period is scheduled from September 2026 to May 2030, with the participation of approximately 3,000 employees from Elegancia Company. The stadium is among the largest facilities in the Kingdom, with a capacity of over 60,000 people. It features a design that combines an operable roof and an LED screen, covering more than 50,000 square meters of entertainment and commercial spaces. This contract reflects Saudi Arabia’s move towards developing major projects as part of Vision 2030, focusing on boosting tourism, sports, and entertainment. It aligns with the strategic expansion across the Gulf region in national development projects.
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