Major announcements last year about the 2034 football World Cup and World Expo 2030 will positively impact the region’s construction market for years to come
Key points:
> STADIUM PACKAGES: In July 2023, Saudi Arabia’s Sports Ministry issued a prequalification notice for the construction or expansion of five stadiums – three in Riyadh and two in the Eastern Province.
> COST: The work on the stadiums is estimated to be worth SR10.1bn ($2.7bn)
> TRAINING SITES: Training facilities are also planned, with construction due to start in July 2024
> NON-SPORTS MINISTRY STADIUMS: Another set of stadiums is proposed outside of the Sports Ministry’s remit, falling instead under the PIF’s gigaprojects programme. These include stadiums at Neom, Jeddah Central and Qiddiya
> 2030 WORLD EXPO: The circular expo site will be located north of Riyadh, close to King Khalid International
airport (KKIA), and is likely to be served by an extension to the Riyadh metro, a dedicated station and a link with KKIA
> BUDGET: An official budget of $7.8bn has been set for the expo, of which some $400m will be offered to developing nations to support their pavilions
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