meed-logo

line1 line2 line3
SIGN IN / REGISTER

Top 15 Saudi stadium projects

30 August 2024

 

Saudi Arabia formally kicked off its World Cup participation process in October last year after announcing that it planned to bid to host the event. The announcement was a culmination of Riyadh’s football-focused strategy launched two years before when a consortium led by the kingdom’s sovereign wealth vehicle, the Public Investment Fund (PIF), completed the full acquisition of UK football club Newcastle United from St James Holdings in 2021.

The move was further solidified when Saudi Arabia was effectively confirmed as the host after Australia, the only other bidder for the tournament, withdrew from the race in October last year.

This was followed by Saudi Arabia’s official bid campaign reveal and the submission of its bid to Fifa to host the World Cup 2034 event in July. The official selection of Saudi Arabia as the 2034 host is expected to be confirmed on 11 December.

Saudi Arabia will likely invest hundreds of billions of dollars in developing the required infrastructure to host the event. Experience from previous World Cups, including the most recent one in Qatar, has shown that hosting the tournament can transform a country’s economy.

The tournament brings in fans from around the world to enjoy a month-long festival of football. After the 2022 tournament, Qatar issued a statement saying that more than 1.4 million fans had visited the country during the event.

The decision to host the Fifa World Cup 2034 is a pivotal moment for Saudi Arabia as it validates much of the social and economic change that the kingdom has embarked upon since Crown Prince Mohammed Bin Salman launched Vision 2030 back in 2016.

Building stadiums is the most prominent part of the bid to host the coveted Fifa World Cup.

According to the official bid book document submitted by Saudi Arabia in July, it will construct 11 new stadiums as part of its bid to host the Fifa World Cup 2034.

Eight out of the 15 stadiums are located in the capital, Riyadh, four in Jeddah and one each in Al-Khobar, Abha and Neom. 

The event requires 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.

The kingdom has recently ramped up its announcements regarding building new stadiums across the country in preparation to host the event. 

1. King Salman Stadium

The King Salman Stadium will be the showpiece venue for the tournament. The US-based architectural firm Populous-designed stadium will cover an area of about 660,000 square metres (sq m) and have a seating capacity of over 92,000 spectators.

The stadium will host the opening and final games of the Fifa World Cup 2034 tournament. The construction of the stadium is expected to be completed by 2029.

  • Location: Riyadh
  • Companies involved: Populous
  • Match category: Opening and final games
2. King Fahad Sports City Stadium

The King Fahad Sports City Stadium is expected to be the venue for the semi-final. The stadium will be refurbished to increase its seating capacity from its current 58,000 seats to 70,200 seats.

The main contract bid submission process is ongoing and the project’s expansion works are expected to begin early next year. The stadium will also be a venue for the AFC Asian Cup 2027.

  • Location: Riyadh
  • Companies involved: Populous
  • Match category: Semi-final
3. Prince Mohammed Bin Salman Stadium, Qiddiya City

The Prince Mohammed Bin Salman Stadium will be built on top of a 200-metre-high Tuwaiq cliff located in the new sports and entertainment district of Qiddiya City.

The stadium will have a capacity to accommodate 46,979 spectators and will feature a fully combined retractable pitch, roof and LED wall. The construction works are expected to begin later this year. 

  • Location: Riyadh
  • Companies involved: Qiddiya Investment Company, Populous
  • Match category: Third-place playoff
4. New Murabba Stadium

The New Murabba Stadium will have the capacity to accommodate 46,010 spectators and will be built as part of the New Murabba downtown project in Riyadh.

The construction of the stadium is expected to be completed by 2032.

  • Location: Riyadh
  • Companies involved: New Murabba Development Company
  • Match category: Round of 32
5. Roshn Stadium

The Roshn stadium will be built in the southwest of Riyadh. The planned facility will have the capacity to accommodate 46,000 spectators and will span an area of over 450,000 sq m. 

  • Location: Riyadh
  • Companies involved: Roshn
  • Match category: Round of 32
6. Prince Faisal Bin Fahad Sports City Stadium

The Prince Faisal Bin Fahad Stadium is earmarked for an expansion that aims to increase its seating capacity from its current 22,188 seats to 46,865 seats. 

The facility will also host the AFC Asian Cup in 2027.

The refurbishment works will change the geometry of the seating bowl from an athletics stadium to a football stadium.

  • Location: Riyadh
  • Companies involved: Populous
  • Match category: Round of 32

Saudi World Cup bid bucks global trend for sporting events

7. South Riyadh Stadium

The Populous-designed stadium will be located in southwest Riyadh close to the Wadi Namar. The stadium will have the capacity to host 47,060 spectators. It is expected to be ready by 2032.

  • Location: Riyadh
  • Companies involved: Populous
  • Match category: Round of 32
8. King Saud University Stadium

The King Saud University Stadium, located on the university’s campus in the west of Riyadh, is one of the venues that will undergo expansion and refurbishment to host the event.

The expansion will increase the stadium’s capacity to 46,319 spectators and the construction works are expected to be completed by 2032.

  • Location: Riyadh
  • Companies involved: Populous
  • Match category: Round of 32
9. King Abdullah Sports City Stadium

The King Abdullah Sports City Stadium is the home ground for the Al-Ittihad and Al-Ahli football clubs. The venue will undergo expansion works that will increase its seating capacity to 58,432 people. The stadium will host the quarter-final games.

  • Location: Jeddah
  • Companies involved: Arup
  • Match category: Quarter-final
10. Qiddiya Coast Stadium, Jeddah

The Populous-designed stadium will be situated at the heart of the Qiddiya Coast development in Jeddah. The multi-purpose stadium will have a 46,096 seating capacity and will be one of the venues for the round of 16 matches.

  • Location: Jeddah
  • Companies involved: Populous
  • Match category: Round of 16
11. Jeddah Central Stadium, Jeddah

The already under-construction football stadium is part of the Jeddah Central Project in Jeddah and has a seating capacity of 45,794 spectators. The stadium is expected to be completed by 2027.

  • Location: Jeddah
  • Companies involved: Jeddah Central Development Company, Khatib & Alami, Gerkan Marg & Partner, China Railway Construction Corporation, Sama Construction for Trading & Contracting, Geoharbour
  • Match category: Round of 32
12. King Abdullah Economic City Stadium, Jeddah

The planned stadium will have a seating capacity of 45,700 and will be built in the King Abdullah Economic City on the Red Sea Coast, north of Jeddah.

  • Location: Jeddah
  • Companies involved: Populous
  • Match category: Round of 32
13. Aramco Stadium

The Aramco Stadium in Al-Khobar is under construction and is expected to be completed by 2026. The stadium will have a capacity of 46,096 seats.

  • Location: Al-Khobar
  • Companies involved: Saudi Aramco, Roshn, Foster + Partners, Populous, Besix, Albawani, Al-Osais International Holding
  • Match category: Round of 16
14. King Khalid University Stadium

The stadium will undergo expansion works that will see its capacity raised to 45,428 seats. The facility is expected to be ready by 2032.

  • Location: Abha
  • Companies involved: Populous
  • Match category: Round of 16
15. Neom Stadium

The 46,010-seat stadium in Neom is “designed to stand out among the world’s most iconic landmarks”, according to the bid book. It is planned to be built 350 metres above ground level within The Line project at Neom. 

The stadium is expected to be ready by 2032.

  • Location: Neom
  • Companies involved: Neom
  • Match category: Quarter-final
https://image.digitalinsightresearch.in/uploads/NewsArticle/12432451/main.gif
Yasir Iqbal

Register for MEED's guest program now to access this article.

Click here to register
Exclusive from Meed
Related Articles
  • QatarEnergy gives North Field West topside bidders more time

    2 October 2026

     

    QatarEnergy has granted contractors more time to prepare bids for a tender covering the engineering, procurement, construction and installation (EPCI) of large platforms for the North Field gas field in Qatari waters.

    Contractors now have until 12 October to submit technical bids for the project, according to sources. Commercial bids are currently due on 10 November.

    The following contractors, among others, are understood to be bidding for the North Field West (NFW) production deck modules (PDMs) tender:

    • China Offshore Oil Engineering Company (China)
    • Larsen & Toubro Energy Hydrocarbon (India)
    • McDermott (US)
    • Saipem (Italy)

    The core scope comprises the EPCI of four PDMs and associated structures. The PDMs will increase gas production from North Field reservoirs and provide additional gas feedstock for the NFW liquefied natural gas (LNG) development.

    The tender, issued earlier this year, forms part of the wider NFW project, the third and final phase of the state enterprise’s North Field LNG expansion programme.

    The previous deadlines for technical bids were 30 August, 15 September and 28 September, while commercial bids were previously due on 25 October, as MEED reported.

    Before issuing the PDMs tender, QatarEnergy awarded US firm McDermott a contract for the EPCI of four offshore jackets that will also support gas feedstock supply for the NFW LNG project. The contract is estimated to be worth about $200m, MEED reported in January.

    North Field LNG expansion

    QatarEnergy is advancing the three phases of its estimated $40bn North Field LNG expansion project. EPC works on all three projects are progressing.

    QatarEnergy is understood to have committed nearly $30bn to the first two phases – North Field East (NFE) and North Field South (NFS) – which will lift Qatar’s LNG production capacity from 77.5 million tonnes a year (t/y) to 126 million t/y by 2028.

    QatarEnergy awarded the main EPC contracts for NFE in 2021. The project was intended to raise LNG output to 110 million t/y by 2025. The $13bn EPC package – covering the EPCI of four LNG trains, each with a capacity of 8 million t/y – was awarded in February 2021 to a consortium of Japan’s Chiyoda and France’s Technip Energies.

    In May 2023, QatarEnergy awarded the $10bn main EPC contract for NFS to a consortium of Technip Energies and Consolidated Contractors Company (CCC). The contract includes two LNG trains, each with a capacity of 7.8 million t/y.

    Once fully operational, the first two phases are expected to add 48 million t/y of LNG supply to the global market.

    QatarEnergy took the final investment decision on NFW earlier this year, awarding an EPC contract estimated at $8bn to a joint venture comprising Technip Energies, CCC and Gulf Asia Contracting in February.

    Chiyoda carried out the front-end engineering and design work for the NFW LNG project.

    The NFW scope covers the EPC of two LNG trains with a combined capacity of 16 million t/y, as well as associated facilities for gas treatment, natural gas liquids recovery and helium extraction.

    In addition to LNG, NFW is expected to produce about 175,000 barrels of oil equivalent a day of condensate, ethane and liquefied petroleum gas.

    With all three phases under EPC execution – and NFE scheduled for commissioning later this year – QatarEnergy is positioning itself to remain one of the world’s largest LNG suppliers in the long term.

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20208200/main.jpg
    Indrajit Sen
  • Egypt implements oil and gas storage projects worth $1.1bn

    2 October 2026

    Egypt is implementing oil and gas storage projects worth a total of £E54bn ($1.1bn), according to a statement released by the country’s cabinet.

    Active developments include expanding El-Hamra Petroleum Port in El-Alamein on the Mediterranean coast, as well as building a jet-fuel storage and transport hub at the Badr depot in Cairo.

    Other projects include constructing new storage tanks at refinery complexes in Amreya, Alexandria; Assiut; and Cairo.

    Over the past 12 years, Egypt has built 84 petroleum storage facilities with a total capacity of 5.2 million tonnes, the cabinet statement said.

    Egypt has invested £E42.7bn ($880m) in developing these facilities, with the aim of bolstering domestic energy security.

    Completed infrastructure projects include facilities in Sohag (Upper Egypt) and Alexandria.

    They also include offshore terminal and storage facilities, a liquid bulk station in Ain Sokhna, and strategic crude oil storage tanks across the country.

    Storage facilities have become a strategic priority for Egypt since the US and Israel attacked Iran on 28 February, triggering a regional war that has disrupted shipping through the Strait of Hormuz.

    The disruption has made imports of hydrocarbon products into Egypt less predictable, increasing the importance of strategic stockpiles.

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20208195/main.jpg
    Wil Crisp
  • Bankability key to Saudi PPP pipeline

    2 October 2026

     

    Saudi Arabia’s National Centre for Privatisation & PPP (NCP) holds structured talks with bidders and lenders before launching transactions to ensure projects in its pipeline are bankable, according to a senior official.

    Speaking on a panel at MEED’s Shaping Mega Projects conference in Riyadh on 28 September, Tariq Alghaziri, executive vice-president at the NCP, said the centre carries out market sounding with potential bidders and debt providers, including commercial and Islamic banks, before announcing deals.

    “Bankability is a key word for us,” he said. “You can structure the deal in the way you want. You can have whatever technicalities and technologies are required, but is it suitable for the private sector to deliver? That’s the big question.”

    Alghaziri said the national privatisation strategy, approved at the end of 2025 and published at the start of 2026, sets the NCP’s targets up to 2030 and outlines its project pipeline. The strategy coincides with the third phase of Vision 2030, which he said is focused on measuring impact after earlier phases established the legal framework and enabled the private sector.

    Public-private partnership (PPP) contracts typically run for 25 years and, in some cases, more than 40 years, he said, which makes early engagement essential. “When we launch it, all the bidders, suppliers, EPC contractors, banks and ECAs are on the same page, and then they just have to align on commercial points and not negotiate legal aspects.”

    Risk transfer

    Jonathan Looker, managing director for Saudi Arabia at UK consultancy Mott MacDonald, said the public and private sectors often perceive risk very differently.

    "Can you put yourself in the shoes of the person you’re trying to transfer risk to?” he said. “There isn’t one single allocation model that is fit for every project.”

    Looker said failure to agree on risk can prevent projects from reaching financial close. "I’ve unfortunately been involved in a number of projects where we just can’t get the deal done because there is not a meeting of minds around a specific aspect of risk.”

    Alghaziri said Saudi regulations now state that the party with the capacity to manage a risk should take it, but that risk carries a cost. “You cannot just give the risk without pricing it,” he said. The NCP has trained more than 300 people over the past five or six years, including through a PPP professional certification it introduced in the kingdom.

    Early planning

    Hesham Ouf, senior director of finance at Roshn Group, the Public Investment Fund (PIF) subsidiary, said risk management begins at the feasibility stage. “You need to have the stage gates right from the beginning until the project is delivered,” he said.

    Ali Al-Kuwari, senior manager of export development at Qatar Development Bank (QDB), said early disclosure of procurement needs allows lenders to assess project risk. “For me, the answer is very easy. I’ll ask for a sovereign guarantee,” he said.

    Wesley Thomson, partner and head of environmental, social and governance (ESG) at UK property consultancy Knight Frank, said climate exposure is becoming a central risk for long-life assets. “Mitigation is not the right word any more. I prefer to say adaptation, because the truth is you need to adapt to what we’re seeing.”

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20207592/main.png
    Colin Foreman
  • Financing hinders progress at major Iraqi refinery project

    2 October 2026

     

    Financial problems are hindering progress at Iraq’s Al-Faw Investment Refinery project, according to industry sources.

    Despite the main contract being signed more than two years ago, construction of the main refinery units has yet to begin because of ongoing financial issues, sources said.

    In May 2024, a statement released by the Iraqi Prime Minister’s Office said that Iraq’s state-owned Southern Refineries Company and China National Chemical Engineering Company (CNCEC) had signed a contract to develop the project.

    Iraq’s Oil Ministry previously said the project would be worth $7bn-$8bn.

    The project has struggled to make progress even after direct intervention by Iraq’s previous prime minister.

    On 6 August 2025, 15 months after the May 2024 contract signing with CNCEC, Mohammed Shia Al-Sudani, then prime minister, chaired a special meeting to resolve administrative and technical obstacles preventing the project from starting.

    At the time, Al-Sudani said the refinery project would have significant financial returns and would be “a breakthrough in the oil industry”.

    While the meeting in 2025 is believed to have solved some of the administrative issues blocking progress, financial problems with the project remain, sources said.

    The Al-Faw project is part of the Iraqi government’s plan to increase Iraq’s refining capacity, attract foreign investment and increase domestic production of petroleum products.

    Under existing plans, the refinery will have a capacity of 300,000 barrels a day and will produce oil derivatives for both domestic and international markets.

    The project will be carried out in two stages.

    The first phase will involve refining operations, while the second will involve constructing a petrochemicals complex with a capacity of 3 million tonnes a year.

    The project also includes building a 2,000MW power plant and establishing the Al-Faw Academy for Refinery Technology to train 5,000 Iraqi workers who will eventually work at the facility.

    Hualu, a subsidiary of CNCEC, signed a preliminary principles agreement for the project in December 2021.

    Due to material price inflation since December 2021, some insiders believe the project value may now be significantly higher than the previously estimated $7bn-$8bn.

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

    Industry and logistics drive development at Neom; Saudi Arabia’s investment priorities realign amid conflict; MEED’s 2026 power developer ranking.

    Distributed to senior decision-makers in the region and around the world, the October 2026 edition of MEED Business Review includes:
    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20207119/main.jpg
    Wil Crisp
  • Saudi pre-budget leans on borrowing to fund projects

    2 October 2026

    Saudi Arabia plans to spend SR1.39tn ($371.2bn) in 2027, according to the Finance Ministry’s pre-budget statement. That is 3% less than the estimated outturn for 2026, after regional conflict and the closure of the Strait of Hormuz pushed this year’s expenditure well past its allocation.

    The ministry now expects 2026 spending to reach SR1.44tn, which is SR122bn or 9.3% above the SR1.31tn approved in the budget. Revenues are estimated at SR1.19tn, SR43bn above budget, leaving a deficit of SR245bn, equal to 4.9% of GDP. The original budget assumed a SR165bn deficit, or 3.3% of GDP.

    For 2027, the statement projects revenues of SR1.2tn and a deficit of SR191bn, or 3.6% of GDP. Expenditure is forecast to rise to SR1.48tn in 2028 and SR1.54tn in 2029, with deficits of SR177bn and SR192bn projected for those years. On the ministry’s figures, the kingdom will run cumulative deficits of SR560bn ($149.3bn) between 2027 and 2029.

    The economic backdrop has deteriorated sharply. The ministry expects real GDP to contract by 3.6% in 2026, driven by a 21.8% fall in oil activity, while non-oil activity grows by 3.2%. It forecasts a rebound to 12.8% real growth in 2027.

    Capital spending

    The statement does not publish a capital expenditure figure or a sector breakdown. Those will follow with the budget in Q4. It does signal that project spending will continue. As Vision 2030 enters what the statement calls its third phase, the government says efforts will focus on “accelerating the pace of delivery and capitalising on growth opportunities through continued government capital expenditure”. It also wants a stronger role for the Public Investment Fund (PIF) and the National Development Fund in stimulating domestic investment.

    The ministry says it will “implement infrastructure-related programmes” and direct resources “towards priority programmes and projects”. It also commits to “maximise the utilisation of existing government assets and investments”. That wording points to a sharper focus on completing and monetising existing schemes rather than launching new ones.

    The medium-term debt strategy is designed to ensure “the continuity of the implementation of priority projects without being linked to the fluctuations of the economic cycle”, according to the statement.

    The government’s revenue scenarios hold expenditure at SR1.39tn in all three cases. Under the lowest revenue case of SR1.13tn, the deficit widens to SR259bn. The highest case of SR1.26tn narrows it to SR132bn. Any change falls on borrowing rather than on spending.

    The ministry says debt will deliberately rise by the end of 2027, and the borrowing plan will be disclosed by the end of this year. Alongside bonds, sukuk and loans, the government plans to expand “alternative government financing, including financing of projects, infrastructure and export credit agencies” in 2027 and over the medium term.

    Private capital

    The statement presents private investment as a growing share of project delivery. Investment in privatisation and public-private partnership (PPP) projects reached about SR180bn by the end of 2025. The National Privatisation Strategy was approved in November 2025. Ten privatisation and PPP projects have been launched under it in the first half of 2026, including the Prince Naif Bin Abdulaziz International Airport PPP in Qassim. Contracts were signed for the Sabic Mental Health Hospital and the Jubail Container Terminal, taking the total to 83 partnership contracts. Private capital investment has exceeded SR56.2bn, against a target of SR240bn by 2030.

    The National Infrastructure Fund has committed SR10.5bn since 2022 to projects with a combined value of about SR59.3bn, of which SR44.1bn is private investment. Projects it has backed include the Neom green hydrogen project, the Shuaibah solar photovoltaic plants, the Prince Mohammad Bin Abdulaziz Airport expansion, the Jubail-Buraidah independent water transmission pipeline and the Ezditek data centre. The fund plans to expand into healthcare, education, sports and artificial intelligence.

    PIF’s domestic investments totalled about SR750bn between 2021 and 2025. The statement lists several recent contracts across its portfolio. Diriyah Company, the PIF-owned developer of the Diriyah gigaproject, awarded a SR1.8bn contract to a consortium of local companies to build the Saudi Museum of Contemporary Art. PIF-owned Soudah Development signed a SR1.3bn agreement with National Grid SA, the transmission subsidiary of Saudi Electricity Company, to deliver electricity infrastructure for the Soudah Peaks project. Saudi Entertainment Ventures, also owned by PIF, plans 14 destinations across 13 cities, with investment of more than SR45bn. The Saudi Export-Import Bank plans to provide SR41.6bn of financing and insurance to non-oil exporters in 2027.

    Logistics investment has also become a priority since the disruption to Gulf shipping. The share of non-oil exports passing through Red Sea ports rose to 40.7% during the crisis, from 19.3% before it. In July, the General Ports Authority signed contracts worth up to SR1bn for seven logistics centres at Jeddah Islamic Port and Al-Khumrah. A separate logistics corridors initiative connects Gulf ports to the Red Sea by road and rail.

    The final 2027 budget is due for approval in Q4.

    MEED’s October 2026 report on Saudi Arabia includes:

    > COMMENT: Saudi projects hold steady
    > GOVERNMENT: Riyadh looks to reset its regional defence outlook
    > ECONOMY: Conflict bolsters case for Saudi economic diversification
    > BANKING: Saudi lenders readjust to lower lending and deposit climate
    > UPSTREAM: Aramco upstream spending gathers pace
    > DOWNSTREAM: Sabic steps up Saudi petchems investment
    > POWER: Saudi Arabia’s power award activity slows
    > WATER: Saudi water sector hits sharp slowdown
    > CONSTRUCTION: Saudi construction defies the headwinds
    > TRANSPORT: Saudi infrastructure pushes forward amid conflict
    > DATABANK: Saudi data indicates project spending shift

    To see previous issues of MEED Business Review, please click here
    https://image.digitalinsightresearch.in/uploads/NewsArticle/20206117/main.gif
    Colin Foreman