Saudi Arabia prepares for World Cup 2034
23 November 2023
This package also includes:
> World Cup 2034 shows Saudi goals can be achieved
> The frontrunners for the Saudi World Cup 2034 stadiums
> Read the December 2023 edition of MEED Business Review

It happened so fast. One month after saying it would bid to host football’s 2034 Fifa World Cup, Saudi Arabia was effectively confirmed as the host after the only other potential bidder for the tournament withdrew from the race.
Fifa had invited member associations from the Asian Football Confederation and Oceania Football Confederation to bid for the 2034 event by the end of October.
Saudi Arabia formally announced in early October that the Saudi Arabian Football Federation will lead its bid to host the tournament. Then on 31 October, which was the deadline for submitting bids, Football Australia issued a statement saying that the country will not bid for the 2034 tournament.
“We have explored the opportunity to bid to host the Fifa World Cup and – having taken all factors into consideration – we have reached the conclusion not to do so for the 2034 competition,” said the body that governs the sport in Australia.
Bidding process
The official selection of Saudi Arabia as the 2034 host is expected to be confirmed in late 2024.
“The Fifa administration will conduct thorough bidding and evaluation processes for the 2030 and 2034 editions of the Fifa World Cup, with the hosts to be appointed by Fifa Congresses expected to take place by the fourth quarter of 2024,” Fifa said in its statement on 31 October, which confirmed Saudi Arabia as the sole bidder for the 2034 World Cup.
During the bidding process, “the Fifa administration will conduct a targeted dialogue with bidders, to ensure complete, comprehensive bids are received and evaluated against the minimum hosting requirements as also previously approved by the Fifa Council,” the statement continued.
“This dialogue will focus on the defined priority areas of the event vision and key metrics, infrastructure, services, commercial and sustainability and human rights.”
The bid must include a minimum of 14 stadiums, of which at least four should be existing structures
Transformative effect
Experience from previous World Cups, including the most recent in Qatar in 2022, has shown how transformative the tournament can be for a country. “There is obviously an event at a particular point in time, but we have learnt not to look at it as an event itself, because there are all these activities that happen before and beyond the event,” says Kourosh Kayvani, partner at consultancy HKA.
“It is really about a programme of change in the country.
“This includes social change, economic change, and all of these things are ultimately achieved through the process of working towards the event, delivering it and then legacy.”
Building infrastructure
The most prominent part of the infrastructure is the stadiums.
The bid must include a minimum of 14 all-seater stadiums, of which at least four should be existing structures. The capacity must be at least 80,000 seats for the opening and final matches, and for the semi-finals there must be at least 60,000 seats. For all other matches, at least 40,000 seats are needed.
Saudi Arabia is already upgrading and building stadiums as part of its preparations for hosting the 2027 AFC Asian Cup. In June, the Sports Ministry invited construction firms to submit prequalification documents for contracts to build sports stadiums as part of its SR10.1bn ($2.7bn) capital projects programme.
The schemes are split into four elements. The largest of these, and the most immediate, is the construction of a new stadium to the north of Riyadh and the upgrade of five existing football stadiums.
The projects will increase the capacity of the King Fahd Stadium in Riyadh to 92,000 seats, expand the seating capacity of Riyadh’s Prince Faisal bin Fahd Stadium to 45,000, increase the capacity of Prince Mohammed bin Fahd Stadium in Dammam to 30,000 seats and raise the seating capacity of Prince Saud bin Jalawi Stadium in Al-Khair to 45,000. New Riyadh Stadium, a sustainable, 45,000-seater venue in the north of Riyadh, will also be constructed.
Other football stadium projects are also progressing. In October, the Saudi Arabian Football Federation awarded an early works contract to the local Al-Osais Contracting for the construction of its new stadium in Dammam. It will have the capacity to accommodate 40,000 spectators.
The new stadium will be built in the Dammam Sports City area, where the facilities of the Al-Ettifaq Football and Al-Nahda Club teams are based.
Consultants have also been invited by the Public Investment Fund (PIF) to bid for a contract to provide project and asset management services for the operation and upgrade of its King Abdullah Sports City Stadium on the outskirts of Jeddah. It is the home ground of football team Al-Ittihad Saudi Club, which won its ninth championship in the 2022-23 season.
The 62,000-seater stadium was built by a joint venture of Belgium’s Six Construct and the local Al-Muhaidib Trading & Contracting. The team was awarded the estimated SR2bn ($533m) contract in 2011. Saudi Aramco developed the stadium on behalf of the government.
In July 2022, Jeddah Central Development Company signed design and engineering contracts for the stadium at the Jeddah Central project. The design contract was awarded to GMP International and the engineering contract was awarded to Khatib & Alami.
A stadium built 300 metres above the ground between the two buildings that form part of The Line at Neom is also planned and has featured in Neom’s marketing campaigns.
As well as stadiums, Saudi Arabia will also have to invest in supporting infrastructure such as transportation networks and hotels. For the Qatar World Cup, projects including the Doha Metro network and a raft of hotel and resort developments were completed ahead of the tournament.
“It was the first time that the World Cup was held in one city,” says Alexey Milovanov, who oversaw the construction of eight stadiums in Qatar for the 2022 tournament and, before that, was involved in building stadiums for the 2018 Fifa World Cup in Russia.
Cities across the kingdom will host the Saudi World Cup, which will make it more like the 2014 Brazil World Cup and the 2018 Russia World Cup, which were hosted by countries with large land areas and multiple centres of population.
“For these World Cups you have to think about how to move people from one city to another, what the accommodation is like in each city, and then there are all the security requirements,” Milovanov says.
Saudi Arabia will also have to invest in supporting infrastructure such as transportation networks and hotels
Football investments
Becoming the sole bidder for the 2034 World Cup is the latest milestone in Saudi Arabia’s concerted strategy to become a leading force in the growing business of global football. Speaking at the Future Investment Forum in Riyadh in October, Fifa president Gianni Infantino described the sport as a $200bn-a-year economy.
The first clear sign of Riyadh’s football-focused strategy came in October 2021 when a consortium led by the PIF completed the full acquisition of UK football club Newcastle United from St James Holdings.
The investment group, which also includes PCP Capital Partners and RB Sports & Media, finalised the long-awaited deal after having secured approval from the English Premier League. The deal was estimated to be worth $415m.
Saudi football vision goes global
In November 2022, Crown Prince Mohammed bin Salman bin Abdulaziz al-Saud attended the World Cup opening ceremony in Qatar. He sat with and embraced Qatari Emir Sheikh Tamim bin Hamad al-Thani during the event, a move that emphasised the strengthening ties between the two nations.
A few days later, the Saudi national team stunned the world when it beat event tournament winner Argentina 2-1 during a group stage match.
Portuguese footballer Cristiano Ronaldo joined the Saudi Arabian club Al-Nassr in December 2022. The club reportedly paid over $200m to sign the player. Within days, Al-Nassr’s Instagram account had grown from 800,000 followers to over 6 million.
In June 2023, PIF moved to boost the popularity of the kingdom’s domestic league by investing in four Saudi football clubs – Al-Ittihad, Al-Ahli, Al-Nassr and Al-Hilal. They were converted into companies, predominantly owned by PIF and complemented by non-profit foundations.
The move was followed by a summer of intense football transfer activity, which included Brazilian star Neymar signing for Al-Hilal.
Morocco plans six stadium projects for 2030 World Cup
More tournaments
The Middle East has more to cheer about than just a Saudi World Cup. Morocco, as part of a joint bid with Spain and Portugal, has been confirmed as the sole bidder to host the 2030 World Cup.
Fifa has confirmed that the bid is the sole candidate for 2030, and to celebrate 100 years since the first World Cup in 1930, which was held in Uruguay, three matches of the 2030 tournament will be hosted in South America.
For football fans in the region who cannot wait that long, Saudi Arabia will host the 20th Fifa Club World Cup in December – a tournament contested by the best club teams from each continent.
Main image: Portugal captain Cristiano Ronaldo joined the Saudi Arabian club Al-Nassr in December 2022
Exclusive from Meed
-
Dubai seeks consultants for drainage projects6 February 2026
-
Modon tenders Ras El-Hekma construction contracts6 February 2026
-
Egypt contractor secures €58m loan for Hungary power plant6 February 2026
-
AD Ports signs Jordan Aqaba port PPP deal6 February 2026
-
Chinese firm wins Ceer automotive supplier park deal6 February 2026
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
Dubai seeks consultants for drainage projects6 February 2026
Dubai Municipality has invited consultants to qualify for a contract to supervise three stormwater drainage projects under the $8bn Tasreef programme.
The contract, titled TF-15-S1 Supervision of Stormwater Drainage System projects – Package 2, will be awarded as a single package with dedicated teams assigned to each project.
The request for qualifications (RFQs) was issued by the municipality’s Sewerage and Recycled Water Projects Department (SRPD).
The bid submission deadline is 26 February.
The first scheme under the package is TF-16-C1, which involves upgrading and rehabilitating the stormwater system east of the Dubai Canal.
The second, TF-15-C2, will deliver stormwater links along Umm Suqeim Road to serve the Al-Barsha and Al-Quoz communities.
The third project, TF-13-C1, focuses on developing a drainage system for the Al-Marmum area.
Several engineering, procurement and construction (EPC) contracts have been awarded under the Tasreef initiative, which aims to expand Dubai’s rainwater drainage capacity by 700% by 2033
In January, local firm DeTech Contracting won the main contract to construct a stormwater drainage system in Jebel Ali.
The project, listed under TF-05-C1, covers approximately 27 kilometres of stormwater network and will serve major transport routes, including Sheikh Zayed Road and Al-Jamayel Road.
Separately, Dubai Municipality has opened bidding for EPC contracts to expand and rehabilitate the emirate’s sewerage networks.
The four projects cover more than 95km of recycled water and sewerage pipelines.
READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSpending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
> AGENDA: Mena upstream spending set to soar> INDUSTRY REPORT: MEED's GCC water developer ranking> INDUSTRY REPORT: Pipeline boom lifts Mena water awards> MARKET FOCUS: Qatar’s strategy falls into place> CURRENT AFFAIRS: Iran protests elevate regional uncertainty> CONTRACT AWARDS: Contract awards decline in 2025> LEADERSHIP: Tomorrow’s communities must heal us, not just house us> INTERVIEW: AtkinsRealis on building faster> LEADERSHIP: Energy security starts with rethinking wasteTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15593832/main.jpg -
Modon tenders Ras El-Hekma construction contracts6 February 2026

Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
MEED understands that the tenders were issued in January.
These include:
DP3 assets: covering 146 residential villas, 590 three-bedroom townhouses, 356 four-bedroom townhouses, a mall and other associated works.
Bids due on 23 February.
DP4 assets: DP4 includes 54 villas, a clubhouse and other associated infrastructure.
Bids due on 2 March.
DP5 assets: The scope covers the construction of two hotels, branded residences, a retail facility and other associated works.
Bids due on 10 March.
DP6 assets: This package covers a 200-key Montage hotel, 96-unit Montage-branded residences and related infrastructure.
Bids due on 17 March.
DP7 assets: 120 five-bedroom villas, 230 seven-bedroom villas, 284 branded residential units and other infrastructural works.
Bids due on 3 March.
MEED understands that the contract duration for all these packages is 21 months from the start of construction.
Modon has accelerated development works at Ras El-Hekma this year. In January, MEED reported that Modon Holding had awarded a E£15bn ($316m) contract for the construction of a project at Ras El-Hekma.
The contract was awarded to the local firm Orascom Construction.
The scope of the contract covers the construction of residential units, commercial facilities and a 70-key hotel.
In September, MEED reported that Modon Holding had tendered contracts for the infrastructure works for the first phase of the Ras El-Hekma project.
As part of the first phase, Modon plans to develop more than 50 million square metres (sq m), including hotels and a marina.
Ras El-Hekma is on a spur of land on Egypt’s northern Mediterranean coastline, about 240 kilometres west of Alexandria.
Last year, Abu Dhabi-based holding company ADQ appointed Modon Holding as the master developer for the Ras El-Hekma project.
According to an official statement, Modon will act as the master developer for the entire development, which will cover more than 170 million sq m.
Modon Holding will develop the first phase of the project, which will cover 50 million sq m.
The remaining 120 million sq m will be developed in partnership with private developers under the supervision of the recently established ADQ subsidiary Ras El-Hekma Urban Development Project Company and Modon Holding.
In September 2024, Modon signed several memorandums of understanding (MoUs) with local and international firms to join the development. It signed a framework agreement with Orascom Construction to serve as the primary contractor for the project’s first phase.
Ras El-Hekma is planned as a combined business and leisure destination, with hotels, leisure facilities, a free zone, a financial district and residential components.
The master development has been billed as capable of attracting over $150bn in investment.
READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSpending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
> AGENDA: Mena upstream spending set to soar> INDUSTRY REPORT: MEED's GCC water developer ranking> INDUSTRY REPORT: Pipeline boom lifts Mena water awards> MARKET FOCUS: Qatar’s strategy falls into place> CURRENT AFFAIRS: Iran protests elevate regional uncertainty> CONTRACT AWARDS: Contract awards decline in 2025> LEADERSHIP: Tomorrow’s communities must heal us, not just house us> INTERVIEW: AtkinsRealis on building faster> LEADERSHIP: Energy security starts with rethinking wasteTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15593388/main.jpg -
Egypt contractor secures €58m loan for Hungary power plant6 February 2026
Commercial International Bank Egypt (CIB) has provided €58m in credit facilities to local firm Elsewedy Electric for the construction of a combined-cycle gas turbine (CCGT) power plant in Hungary.
Located in Visonta, the plant will be the largest combined-cycle facility built in Hungary in decades and the country’s first power plant capable of using hydrogen.
Once complete, hydrogen will be able to supply up to 30% of the plant’s fuel needs.
The project is being developed through a consortium comprising Energy Projects, a subsidiary of Elsewedy Electric, and local firms Status KPRIA and West Hungaria Bau (WHB).
It was awarded by MVM Matra Energia, a subsidiary of Hungary’s state-owned power holding company Magya Villamos Muvek (MVM).
As MEED understands, the plant is expected to have a power generation capacity of between 500MW and 650MW.
Total investment in the scheme is estimated at about €700m, with CIB acting as the sole financier for Elsewedy Electric’s portion of the project.
Construction officially began last September, with commercial operations scheduled for 2028.
The scheme also represents Elsewedy Electric’s first major investment in Europe, adding to other foreign investment interests.
Last May, it was reported that Elsewedy Electric intends to build a $100m electrical cable manufacturing plant in Iraq. This project has yet to advance beyond the initial stages.
In 2024, the contractor connected three additional hydro turbine generators to Tanzania’s national power grid in partnership with The Arab Contractors.
This brought the total power supply from the Julius Nyerere hydroelectric power project to 705MW.
READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSpending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
> AGENDA: Mena upstream spending set to soar> INDUSTRY REPORT: MEED's GCC water developer ranking> INDUSTRY REPORT: Pipeline boom lifts Mena water awards> MARKET FOCUS: Qatar’s strategy falls into place> CURRENT AFFAIRS: Iran protests elevate regional uncertainty> CONTRACT AWARDS: Contract awards decline in 2025> LEADERSHIP: Tomorrow’s communities must heal us, not just house us> INTERVIEW: AtkinsRealis on building faster> LEADERSHIP: Energy security starts with rethinking wasteTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15593289/main.jpg -
AD Ports signs Jordan Aqaba port PPP deal6 February 2026
Abu Dhabi’s AD Ports Group has signed an agreement with Jordan’s Aqaba Development Corporation (ADC) to manage and operate the Aqaba multipurpose port.
AD Ports will manage and operate the port under a 30-year concession agreement.
Under the agreement, AD Ports and ADC will establish a joint venture to oversee port operations.
AD Ports will hold a 70% stake in the joint venture, with the remaining 30% held by ADC.
AD Ports Group will also invest AED141m ($38.4m) in the joint venture.
The signing ceremony was held at the Aqaba Special Economic Zone Authority headquarters in Aqaba on 5 February.
The agreement was signed by Hussein Safadi, CEO of ADC, and Ahmed Al-Mutawa, regional CEO of AD Ports Group.
Aqaba port handles about 80% of Jordan’s exports and 65% of its imports.
It serves as a key transit point for Jordan’s neighbouring countries, including Saudi Arabia and Iraq. The port has an annual handling capacity of 11 million tonnes, supported by nine berths, a quay length of 2 kilometres and a draft of 13.5 metres.
In 2025, the terminal handled over 5.3 million tonnes of cargo and nearly 85,000 car equivalent units of Ro-Ro imports.
Abu Dhabi has been deeply involved in making investments in Jordan’s infrastructure sector. In February last year, AD Ports Group signed an agreement to manage and operate the Al-Madouneh customs centre in Amman, as MEED reported.
The Al-Madouneh customs centre covers about 1.3 million square metres (sq m) and was inaugurated in June last year.
The announcement followed AD Ports Group’s signing of a shareholders’ agreement in January 2024 between its digital arm, Maqta Gateway, and Jordan’s Aqaba Development Corporation regarding their existing joint-venture company, Maqta Ayla.
The joint venture company will upgrade operations at the Aqaba port complex in Jordan by implementing a port community system “that leverages Maqta Gateway’s expertise, also marking the first-ever export of Abu Dhabi’s key port digitalisation solution”, AD Ports said in a statement.
AD Ports Group operates the Aqaba cruise terminal, and selected Dubai-based real estate developer Mag Group to lead the first phase of the Marsa Zayed mixed-use project.
READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSpending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
> AGENDA: Mena upstream spending set to soar> INDUSTRY REPORT: MEED's GCC water developer ranking> INDUSTRY REPORT: Pipeline boom lifts Mena water awards> MARKET FOCUS: Qatar’s strategy falls into place> CURRENT AFFAIRS: Iran protests elevate regional uncertainty> CONTRACT AWARDS: Contract awards decline in 2025> LEADERSHIP: Tomorrow’s communities must heal us, not just house us> INTERVIEW: AtkinsRealis on building faster> LEADERSHIP: Energy security starts with rethinking wasteTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15592973/main.jpg -
Chinese firm wins Ceer automotive supplier park deal6 February 2026

Beijing-headquartered Metallurgical Construction Corporation (MCC) has won a contract to undertake the steel structure works on the Ceer automotive supplier park in King Abdullah Economic City (KAEC).
The supplier park is located next to Ceer’s electric vehicle (EV) production facility in KAEC.
The automotive supplier park will include production and ancillary facilities for various suppliers and provide the material supply infrastructure for Ceer’s EV plant.
The facilities include:
- Cold stamping, body-in-white assembly and stamping facility – Shin Young (South Korea)
- Hot stamping, sub-frames and axles subsystem supply facility – Benteler Group (Austria)
- Façade and exterior-trim supply facility – JVIS (US)
- Instrument panel, trims and console supply facility – Forvia (France)
- Seat supplier – Lear Corporation (US)
Earlier this week, MEED exclusively reported that Ceer had awarded a contract to build the automotive supplier park to Jeddah-based construction firm Modern Building Leaders (MBL).
Netherlands-based engineering firm Arcadis is the project consultant, and Pac Project Advisors is the project management consultant.
Ceer retendered the project in September last year.
The latest contract award is another significant contract win for MCC in Saudi Arabia. In January, MEED reported that MCC had won a contract to undertake the steel structure works on Mohammed Bin Salman Stadium at the Qiddiya City project on the outskirts of Riyadh.
The 45,000-seat stadium will feature a fully combined retractable pitch, roof and LED wall.
The stadium’s main construction works are being undertaken by a joint venture of Spanish firm FCC Construction and local firm Nesma & Partners.
In January, MCC won another contract to undertake steel structure works for the expansion of Medina airport in Saudi Arabia.
The scope covers work on boarding bridges, Terminal Two and the renovation of Terminal One.
READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSpending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
> AGENDA: Mena upstream spending set to soar> INDUSTRY REPORT: MEED's GCC water developer ranking> INDUSTRY REPORT: Pipeline boom lifts Mena water awards> MARKET FOCUS: Qatar’s strategy falls into place> CURRENT AFFAIRS: Iran protests elevate regional uncertainty> CONTRACT AWARDS: Contract awards decline in 2025> LEADERSHIP: Tomorrow’s communities must heal us, not just house us> INTERVIEW: AtkinsRealis on building faster> LEADERSHIP: Energy security starts with rethinking wasteTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15592955/main.gif