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

 

https://image.digitalinsightresearch.in/uploads/NewsArticle/11322047/main.gif
Colin Foreman
Related Articles
  • Chinese firm wins $265m Saudi hospital contract

    24 June 2026

    Zhejiang Construction International, the local subsidiary of Chinese contractor Zhejiang Construction Investment Group, has won a $265m contract to build the Prince Mohammed Bin Fahd University Speciality Hospital in Al-Khobar.

    Construction is expected to take three years from the start date.

    Prince Mohammed Bin Fahd University awarded the contract.

    Located in Al-Raja district, Al-Khobar, in Saudi Arabia’s Eastern Province, the hospital project will cover about 60,000 square metres.

    The contract covers the construction of a 10-storey hospital building, two five-storey auxiliary buildings connected by corridors and a basement.

    Work will include civil works, mechanical and electrical installation, curtain walling, landscaping, detailed design and the procurement of medical equipment.

    The award is the latest in a series of contracts secured by Chinese contractors from Saudi entities in recent months.

    Last week, MEED reported that Saudi Arabia’s Ministry of Municipalities & Housing awarded contracts worth more than SR1.9bn ($506m) to Chinese contractors for two residential developments in the kingdom.

    China Architectural Construction Corporation won the first contract, valued at SR875m ($233m), to build 2,010 housing units at the Al-Ruba residential project in Riyadh.

    China State Construction Engineering Corporation secured the other contract, valued at more than SR1bn ($266m), for the Al-Rasha Al-Faisaliah residential project in Dammam, comprising 2,426 housing units.

    GlobalData expects Saudi Arabia’s construction industry to record average annual growth of 5.2% in 2025-28, supported by investments in transport, electricity, housing and tourism infrastructure, as well as the $850bn-plus gigaprojects programme.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/17412846/main.jpg
    Yasir Iqbal
  • Kuwait extends deadline for $718m drainage tender

    24 June 2026

     

    Kuwait’s Ministry of Public Works (MPW) has extended the deadline for a major drainage tender estimated to be worth about KD222m ($718m).

    The new bid submission deadline is 19 July.

    The tender scope covers the construction of rainwater drainage networks across the residential areas of Sabah Al-Ahmad, South Sabah Al-Ahmad, Al-Khairan and Al-Wafra.

    The MPW floated the tender on 22 March. The most recent deadline was 21 June.

    According to regional projects tracker MEED Projects, the works include the construction of a major concrete sewer, three collection basins and extensive stormwater drainage basins.

    Rainwater collection tanks will be connected through an independent network, with outlets to the sea via the Nuwaiseeb exit to manage overflow.

    The infrastructure will also filter pollutants such as oils, minerals and sediments to protect water quality and support environmental sustainability.

    The project aims to reduce surface runoff, prevent street and urban flooding, and improve groundwater recharge.

    Kuwait’s MPW currently has several contracts out for tender for infrastructure works across various parts of the country.

    Also, in March, the client released two additional tenders covering the construction of a treated water system in Kuwait’s southern region and another in Kuwait’s northern region.

    Bids for both projects are due by 28 June.

    Meanwhile, the MPW is planning to begin construction of the $3.3bn North Kabd sewage treatment plant, which has a planned capacity of up to 1 million cubic metres a day.

    China State Construction Engineering Corporation (CSCEC) won the contract to build the plant earlier this year.


    > Be recognised among the best in the industry at the MEED Projects Awards 2026 …

    https://image.digitalinsightresearch.in/uploads/NewsArticle/17411675/main.jpg
    Mark Dowdall
  • Contractor wins Emaar Dubai Harbour project deal

    24 June 2026

     

    Register for MEED’s 14-day trial access 

    Local construction firm Al-Sahel Contracting Company has won a contract to build The Bristol Luxury Hotels & Resorts project in Dubai.

    The contract was awarded by local real estate developer Emaar Properties.

    The Bristol Luxury Hotels & Resorts is located at Emaar Beachfront in Dubai Harbour.

    The project comprises a 54-storey mixed-use building with about 150 hotel keys and 227 one- to four-bedroom apartments.

    Enabling works have been completed by local firm Dutch Foundation.

    Dubai-based Mirage Leisure & Development is the project’s consultant.

    Construction is expected to be completed by 2028.

    The contract award follows Emaar’s appointment of Dubai-based Aroma International Building Contracting to build the Address Grand Downtown tower.

    The award also comes shortly after Emaar reported strong operating momentum in 2025, led by record property sales of AED80.4bn ($21.9bn), up 16% year on year.

    The company’s revenue backlog from property sales rose to AED155bn ($42bn), supporting visibility on future revenue recognition.

    Total revenue for 2025 reached AED49.6bn ($13.5bn), a 40% year-on-year increase. Earnings before interest, taxes, depreciation and amortisation grew 33% to AED25.6bn ($7bn), while net profit before tax rose 36% to AED25.7bn ($7bn).

    Emaar’s platform continued to support performance across property development, malls, hospitality, leisure and international operations.


    > Be recognised among the best in the industry at the MEED Projects Awards 2026

    https://image.digitalinsightresearch.in/uploads/NewsArticle/17411104/main.jpg
    Yasir Iqbal
  • Saudi Arabia launches new mineral exploration licensing round

    24 June 2026

    Register for MEED’s 14-day trial access 

    Saudi Arabia’s Ministry of Industry & Mineral Resources (MIMR) has launched its tenth round of a mineral exploration licensing competition, qualifying 24 local and international companies and consortiums to participate.

    The exploration opportunities offered under Round 10 cover about 13,000 square kilometres across the regions of Medina, Mecca, Riyadh, Qassim and Hail. They encompass several highly prospective mineralised belts that are said to contain significant deposits of gold, copper, silver, zinc and nickel.

    One of the key areas offered in the round is the Nabithah-Ad Duwayhi (Dahlat Shabeb) Belt, which hosts the Ad-Duwayhi Mine, one of Saudi Arabia’s largest gold-producing operations, with annual production of approximately 180,000 ounces of gold.

    Other notable exploration zones include the Sukhaybarat-Al-Safra Belt, recognised for its gold and base metals potential and home to the Sukhaybarat and Bulghah mining operations, as well as the Al-Nuqrah Belt, known for substantial gold resources and volcanogenic massive sulphide mineralisation rich in copper and zinc.

    According to MIMR, 17 companies that previously qualified under Round 9 have retained their eligibility, while seven additional companies and consortiums successfully completed the Round 10 prequalification process.

    The newly qualified bidders in Round 10 are:

    • Anaam Al-Qarat for Trading / Sahara Mining Company consortium
    • Danakali / Masadar Al-Zamarda for Mining consortium
    • Power Metallic Mines 
    • PT ANTAM Tbk
    • Saudi Arabian Mining Company (Maaden)
    • Thurb Al-Hayya for Trading Company
    • Wildsky Resources

    The previously qualified participants from Round 9 are:

    • Al-Ghazal Al-Arabi Mining Company
    • Almasar Minerals Holding
    • Al-Tasnim Enterprises
    • Aurum Global Group
    • Batin Al-Ard for Gold Company
    • China National Geological and Mining Corporation
    • DesertEx 
    • Eqleed-Indotan Mining Company
    • Helderberg 
    • Jacaranda Minerals
    • Midana Exploration
    • Royal Road Arabia
    • Saudi Gold Refinery 
    • Sierra Nevada Gold
    • Sun Peak Metals
    • The Distinguished Consortium Mining Company
    • Vedanta 

    In a statement carried by the official Saudi Press Agency, MIMR said exploration licence competitions are conducted through a structured three-stage process designed to ensure transparency, competitiveness and equal opportunity for all participants.

    The process begins with prequalification assessments covering technical expertise and financial capability, followed by a site-selection phase through the ministry’s digital mining platform, Taadeen. Where multiple bidders compete for the same exploration site, the process advances to a public, multi-round bidding stage, with licences awarded based on exploration expenditure commitments and predefined evaluation criteria.

    The next phase of Round 10 will allow qualified bidders to select available exploration sites via the Taadeen platform, in accordance with established procedures that promote fair competition and enable companies to pursue opportunities aligned with their technical capabilities and investment strategies.

    ALSO READ: Aramco and Maaden seek to form joint venture

    “The continued participation of major international and regional mining companies reflects growing confidence in Saudi Arabia’s mining sector and the effectiveness of its transparent licensing framework,” MIMR said in its statement.

    Jarrah Aljarrah, a ministry spokesperson, said increasing participation in successive exploration licensing rounds demonstrates growing investor confidence in the kingdom’s mining ecosystem, supported by regulatory reforms, improved availability of geological data, transparent licensing mechanisms and a steadily expanding pipeline of exploration opportunities.

    Saudi Arabia’s metals and mining sector is pivotal to the country’s non-oil growth trajectory. Commercial exploitation of the kingdom’s mineral resource base – most of which remains untapped – is a key component of the Saudi Vision 2030 socio-economic transformation strategy.

    The kingdom took a first step towards realising the commercial potential of its mineral resources when it enacted the Mining Investment Law in 2021. Since the law came into effect, MIMR has awarded about 3,248 mining permits to local and foreign firms under its accelerated exploration initiative, including alone.

    Addressing the Future Minerals Forum in Riyadh in January 2024, Bandar Alkhorayef, the kingdom’s minister of industry and mineral resources, said Saudi Arabia’s natural resources are worth $2.5tn – an increase of more than 90% compared to the 2016 estimate.

    This near-doubling of natural resource estimates – which exclude fossil fuels and include phosphate, gold and rare earths – is expected to provide a stimulus to the kingdom’s nascent mining industry.

    ALSO READ: Maaden mineral resources grow by 7.8 million ounces
    https://image.digitalinsightresearch.in/uploads/NewsArticle/17398549/main.jpg
    Indrajit Sen
  • Kuwait tenders oil manifold project

    24 June 2026

    State-owned upstream operator Kuwait Oil Company (KOC) has tendered a contract to construct remote header manifolds and associated works in the southern and eastern regions of Kuwait.

    A meeting with prospective contractors has been scheduled for 21 July 2026, and bids are due to be submitted ahead of a deadline on 20 September 2026.

    Manifolds are devices used in the oil sector to divide the flow of liquids from a single source to several outlets, or to collect liquids, or vice versa.

    Previously, a project with a similar scope in the same region was awarded to the Kuwaiti contractor Al-Ghanim International General Trading & Contracting.

    In 2016, it signed a contract worth $435m to construct remote header manifolds and associated works in the south and east Kuwait areas.

    The scope of that contract included design, procurement, construction and commissioning of 25 remote manifold stations and associated pipelines in south and east Kuwait using multi-phase pumps to deliver liquids to gathering centres.

    Kuwait’s oil fields are connected to more than 25 gathering centres, which serve as collection points for crude oil produced by several wells connected by flowlines, providing initial treatment by separating associated gas and removing salt.


    READ THE JUNE 2026 MEED BUSINESS REVIEW – click here to view PDF

    GCC looks beyond the Strait; Iraq’s reform window narrows as fiscal assumptions shatter; MEED Top 100 companies.

    Distributed to senior decision-makers in the region and around the world, the June 2026 edition of MEED Business Review includes:

    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/17409564/main.jpg
    Wil Crisp