Prince Mohammed bin Salman Stadium, part of Saudi Arabia’s Qiddiya giga-project, should “start taking shape by the middle of next year”, despite the challenges associated with delivery and cutbacks to other big infrastructure schemes, its designers told AGBI. The stadium is being built on a cliff overlooking Qiddiya and requires cranes and construction equipment to […]Prince Mohammed bin Salman Stadium, part of Saudi Arabia’s Qiddiya giga-project, should “start taking shape by the middle of next year”, despite the challenges associated with delivery and cutbacks to other big infrastructure schemes, its designers told AGBI. The stadium is being built on a cliff overlooking Qiddiya and requires cranes and construction equipment to […]

Qiddiya’s $1bn MBS Stadium on track despite cutbacks

2025/12/03 16:25
  • Will ‘start taking shape’ next year
  • Completion expected by 2031
  • Situated on 200-metre-high clifftop

Prince Mohammed bin Salman Stadium, part of Saudi Arabia’s Qiddiya giga-project, should “start taking shape by the middle of next year”, despite the challenges associated with delivery and cutbacks to other big infrastructure schemes, its designers told AGBI.

The stadium is being built on a cliff overlooking Qiddiya and requires cranes and construction equipment to work alongside a sheer 200-metre drop. It also has LED screens covering much of the stadium and cliff face.

“It’s a very ambitious stadium,” said Shireen Hamdan, global director of architectural company Populous, which designed the venue. “It’s a three-sided stadium, with the world’s largest movable screen, movable pitch, movable roof.”

The stadium is scheduled to host fixtures at the 2034 Fifa World Cup. Hamdan, senior principal on the project, said it would be delivered “way before” that.

“It’s not a fast-track project,” she said, adding that she expects the stadium to be finished before 2031.

Populous describes the 45,000-seat stadium as “something out of a sci-fi movie”. The exterior and interior will be covered with electronic displays, allowing for the stadium itself to act as a screen. It incorporates cooling technology and an immersive audio system.

“Qiddiya is all about play,” Hamdan said. “[Qiddiya Investment Company] wanted a playful stadium that’s fully integrated with the landscape coming out of the mountain.”

Illustrations of how the stadium will look show a three-sided arena with an open face looking out over the cliff, a design directive that Populous says came from the crown prince, after whom the venue is named.

Construction is being led by Spanish contractor FCC in a consortium with Nesma & Partners, a Saudi company in which the Public Investment Fund has a stake.

The construction contract, awarded in October last year, totalled SAR4 billion ($1.1 billion). Populous says the ultimate cost of the stadium is bound to be much more.

For comparison, the Populous-designed Tottenham Hotspur Stadium in London cost £1 billion ($1.4 billion) in 2019. While it has a larger capacity than MBS Stadium, with nearly 63,000 seats, it was completed before the post-Covid inflation of construction materials and lacks the complexity of being on a cliff.

Sovereign wealth fund PIF, which is bankrolling MBS Stadium, has indicated an intention to pull back on big spending projects.

In March, AGBI reported that the PIF had ordered cuts across more than 100 companies. Projects associated with high-profile upcoming events, including the men’s football World Cup, have been marked as a priority.

Saudi Arabia has earmarked 15 stadiums to host the World Cup. Some are existing structures undergoing varying degrees of renovation but most are being built from scratch. Populous is involved in 11 stadiums.

Aramco Stadium in Al Khobar, a 47,000-seat arena, is under construction on a fast-track schedule to be ready for the 2027 Asian Cup. Images from October show that the main structure is complete and the facade, designed to resemble overlapping sails in reference to Khobar’s maritime history, is starting to take shape. It is scheduled for completion next year.

Progress on the other World Cup stadiums is harder to discern. Satellite images show little sign of construction across sites planned in Riyadh and Jeddah.

Neom Stadium, which will sit at a height of 350 metres, slightly taller than the Eiffel Tower, depends on construction of The Line, the 170km-long city planned in the country’s northeast. 

Further reading:

  • The giga-projects, not the budget, will shape Saudi Arabia’s future
  • Saudi’s need for stadium experts to hike cost of World Cup
  • Taking Saudi Arabia’s World Cup 2034 from ambition to reality

On a recent visit to Qiddiya, AGBI could see the earthworks in place for MBS Stadium, with the rockface cleared to make way for its foundations. The next stage is piling, Hamdan said, after which the structure will start to appear.

Beyond 2034, MBS Stadium is due to host Saudi Pro League football clubs Al-Hilal and Al-Nassr. Post-World Cup plans are being incorporated into the stadium’s design to ensure it has a function long after the tournament ends, Hamdan said. 

“They’re very conscious they don’t want to build white elephants,” she said.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

QQQ short term cycle nearing end; pullback likely to attract buyers [Video]

QQQ short term cycle nearing end; pullback likely to attract buyers [Video]

The post QQQ short term cycle nearing end; pullback likely to attract buyers [Video] appeared on BitcoinEthereumNews.com. The short-term Elliott Wave outlook for the Nasdaq 100 ETF (QQQ) indicates that the cycle from the April 2025 low remains active. Wave (4) of the ongoing impulse concluded at 580.27, and the ETF has since resumed its upward trajectory. To confirm continuation, price must break above the prior wave (3) peak recorded on 30 October at 638.41. The rally from the 21 November wave (4) low has matured and is expected to complete soon, reflecting the natural rhythm of the Elliott Wave sequence. The advance from wave (4) has unfolded as a five-wave impulse. Within this structure, wave ((i)) ended at 586.25, followed by a corrective pullback in wave ((ii)) that terminated at 580.36. From there, the ETF nested higher. Wave (i) of the next sequence ended at 596.98, while wave (ii) pulled back to 589.44. Momentum carried wave (iii) to 606.76, before wave (iv) corrected to 597.32. The final leg, wave (v), reached 619.51, completing wave ((iii)) at a higher degree. A subsequent pullback in wave ((iv)) ended at 612.13. Looking ahead, wave ((v)) of 1 is expected to finish soon. Afterward, a corrective wave 2 should unfold, addressing the cycle from the 21 November low before the ETF resumes higher. In the near term, as long as the pivot at 580.27 remains intact, dips are anticipated to find support in a 3, 7, or 11 swing sequence, reinforcing prospects for further upside. Nasdaq 100 ETF (QQQ) 30-minute Elliott Wave chart from 12.5.2025 Nasdaq 100 ETF Elliott Wave [Video] Source: https://www.fxstreet.com/news/qqq-short-term-cycle-nearing-end-pullback-likely-to-attract-buyers-video-202512050323
Share
BitcoinEthereumNews2025/12/05 11:40