Riyadh backs World Cup bid with $2.7bn of stadiums
22 May 2023

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Saudi Arabia’s Sport Ministry has said it is undertaking a SR10.1bn ($2.7bn) programme to build new sporting facilities and upgrade existing ones over the coming five years.
The projects will be a component of the joint bid that Saudi Arabia is making to host the Fifa 2030 World Cup alongside Egypt and Greece.
Speaking at the Future Projects Forum in Riyadh on 22 May, the ministry said its capital projects programme would be split into four principal elements.
The largest of these, and the most immediate, is the scheme to upgrade and increase the capacity of five existing football stadiums in advance of the AFC Asian Cup, which the kingdom will host in 2027.
The projects are:
- Increasing the capacity of King Fahd Stadium in Riyadh to 92,000 seats
- Expanding the seating capacity of Riyadh’s Prince Faisal bin Fahd Stadium to 45,000
- Increasing the capacity of Prince Mohammed bin Fahd Stadium to 30,000 seats
- An increase in seating capacity for the Prince Saud bin Jalawi Stadium in Al-Khair to 45,000
- The construction of a new, sustainable New Riyadh Stadium in the north of Riyadh with 45,000 seats
All five stadium projects are at the design stage, with construction due to start between October this year and February 2024.
READ MORE: Riyadh prepares to host global events
The next main element of the ministry’s projects programme is the construction of 30 new training grounds and facilities in proximity to the stadiums that will be used for the 2027 competition.
Construction on the schemes is expected to start in July 2024 and be completed by December 2025. A total of 18 facilities will be ready in time for the 2026 AFC Women’s Cup.
Other components of the programme include the building of 50 new model sports clubs in different cities in the kingdom, including Al-Kharj, Jizan, Tabuk, Dammam and Jeddah.
The new clubs will include indoor volleyball, football, handball and gym facilities as well as outdoor sports grounds. They will cover a plot area of 20,000-35,000 square metres (sq m) and have a minimum built-up area of 1,000 sq m.
READ MORE: Stadiums can be contractor busters
Other stadium projects
In July 2022, Jeddah Central Development Company (JCDC) 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.
Saudi Arabia has planned stadium projects before. In 2014, Saudi Aramco was leading the development and construction of 11 stadiums. Those stadium plans, which were cancelled in 2015, covered projects in Medina, Al-Qassim, the Eastern Province, Asir, Tabuk, Hail, the Northern Borders, Jizan, Najran, Baha and Al-Jouf.
A major new stadium opened in the Jeddah area in 2014. UK-based Arup designed the 60,000-seat stadium at King Abdullah Sports City. The contractor was a joint venture led by Belgium’s Six Construct, which was awarded an estimated SR2bn ($533m) construction contract in 2011.
MEED's latest special report on Saudi Arabia includes:
> GIGAPROJECTS: Saudi Arabia under project pressure
> ECONOMY: Riyadh steps up the Vision 2030 tempo
> CONSTRUCTION: Saudi construction project ramp-up accelerates
> UPSTREAM: Aramco slated to escalate upstream spending
> DOWNSTREAM: Petchems ambitions define Saudi downstream
> POWER: Saudi Arabia reinvigorates power sector
> WATER: Saudi water begins next growth phase
> BANKING: Saudi banks bid to keep ahead of the pack
> DATABANK: Riyadh holds its buoyant economic heading
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Dubai receives eight bids for Hassyan SWRO pipeline contract20 July 2026
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Eight contractors have made offers for a contract to supply, install, test and commission glass-reinforced epoxy (GRE) water transmission pipelines and associated works for the Hassyan seawater reverse osmosis (SWRO) phase two network in Dubai.
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Abu Dhabi launches E20 highway expansion project20 July 2026
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Firms given more time for Mid Island Parkway prequalifications20 July 2026

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Aramco executive becomes Samref chairman17 July 2026
Saudi Aramco Mobil Refinery Company (Samref) has announced the appointment of Abdullah Bin Saleh Al-Suwailem as the chairman of its board of directors.
Al-Suwailem serves as senior vice president of Western Region manufacturing at Saudi Aramco.
Prior to being appointed chairman, Al-Suwailem had been a member of the Samref board since .
Samref is the downstream joint venture of Aramco and US oil and gas producer ExxonMobil. The entity owns a crude refining facility located in Yanbu on Saudi Arabia’s west coast, which entered operations in November 1984.
The Samref refinery has a capacity of 400,000 barrels a day (b/d) and mainly produces propane and several grades of automotive diesel oil, two grades of marine heavy fuel oil and sulphur.
In a , Samref said that Al-Suwailem “brings more than 30 years of leadership across the refining and petrochemicals sectors, having led some of the kingdom's most significant industrial joint ventures”.
“We expect his deep expertise in governance and large-scale operations to be invaluable as Samref continues its journey of growth and operational excellence. We look forward to his leadership in steering the board's strategic direction,” Samref added.
Aramco and ExxonMobil signed a memorandum of understanding (MoU) in May 2025 to evaluate a significant upgrade of the Samref complex and expand the oil refining facility into a world-class integrated petrochemicals complex.
The MoU between Aramco and ExxonMobil to upgrade the Yanbu refinery and convert the facility into an integrated refining and petrochemicals complex was signed at the Saudi-US Investment Forum held in Riyadh on 13-14 May 2025, during US President Donald Trump’s state visit to Saudi Arabia.
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- Conversion of the Saudi Aramco Jubail Refinery Company (Sasref) complex in Jubail into an integrated refinery and petrochemicals complex through the addition of a mixed-feed cracker. The project also involves building an ethane cracker that will draw feedstock from the Sasref refinery. Front-end engineering and design (feed) on the project is under way and is being performed by Samsung E&A, although progress has been slow.
- Conversion of the Yanbu Aramco Sinopec Refining Company (Yasref) complex in Yanbu into an integrated refinery and petrochemicals complex through the addition of a mixed-feed cracker. China’s Sinopec is a joint-venture partner in the project.
- Conversion of the Saudi Aramco Mobil Refinery Company (Samref) complex in Yanbu into an integrated refinery and petrochemicals complex through the addition of a mixed-feed cracker. US oil and gas producer ExxonMobil, Aramco and Samref signed a venture framework agreement in December to begin preliminary feed work on the project.
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The central aim of the strategic programme is to derive greater economic value from every barrel of crude produced in Saudi Arabia by converting 4 million b/d of Aramco’s oil production into high-value petrochemicals and chemicals feedstocks by 2030.
Aramco and its subsidiary Saudi Basic Industries Corporation (Sabic) were tasked with establishing 10-11 large mixed-feed crackers by 2030. These petrochemicals crackers, which included greenfield developments and expansions of existing facilities, were to be built both in Saudi Arabia and in overseas markets.
READ THE JULY 2026 MEED BUSINESS REVIEW – click here to view PDFStress test for Gulf aviation; Mixed performance as country outlooks diverge in the Levant; GCC tourism sector pivots from crisis to recovery mode.
Distributed to senior decision-makers in the region and around the world, the July 2026 edition of MEED Business Review includes:
> AIRPORTS: Dubai and Riyadh reaffirm airport ambitions> INDUSTRY REPORT: Dubai eyes tourism sector recovery> DATA CENTRES: Big Tech falls short on data centre promise> LEADERSHIP: Aramco’s citizen developers accelerate digital changeTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/17697004/main.gif