Saudi Arabia has embarked on an ambitious stadiums project as part of its broader vision to develop world-class sports infrastructure. This initiative includes the construction of new stadiums and the renovation of existing ones to meet international standards, positioning the Kingdom as a global hub for major sporting events. The largest project in this initiative involves the construction of a new stadium north of Riyadh and the renovation of five existing football stadiums, reflecting the government's commitment to enhancing the sports sector.
Key Stadiums Development Projects
New Stadium in North Riyadh
A state-of-the-art stadium with a capacity of 45,000 seats is being developed in the northern part of Riyadh. This sustainable stadium is expected to be an architectural marvel, featuring cutting-edge technology and eco-friendly designs to align with Saudi Arabia's sustainability goals. Foreign investors looking to open a business in Saudi Arabia or set up a business in Saudi Arabia have significant opportunities in this project, particularly in construction, technology, and facility management.
Renovation of Five Existing Stadiums
- King Fahd Stadium, Riyadh will be expanded to accommodate 92,000 spectators. International businesses interested in company registration in Saudi Arabia or obtaining a commercial license in Saudi Arabia can explore opportunities in this large-scale renovation project.
- Prince Faisal bin Fahd Stadium, Riyadh, is set to increase its capacity to 45,000 seats, creating a demand for infrastructure development and sports facility management companies looking to register a company in Saudi Arabia.
- Prince Mohammed bin Fahd Stadium, Dammam, will be expanded to 30,000 seats, offering prospects for companies specializing in stadium security, event management, and sports marketing to create a company in Saudi Arabia.
- Prince Saud bin Jalawi Stadium, Khobar, will see its capacity grow to 45,000 seats, opening doors for businesses planning on starting a company in Saudi Arabia in the sports and entertainment sectors.
- New Sustainable Stadium, North Riyadh, will host 45,000 spectators and focus on sustainability, attracting green technology firms and investors looking for an investment license in Saudi Arabia.
Additional Infrastructure and Training Facilities
Beyond these major projects, the Ministry of Sports has announced plans to build 30 new stadiums and training facilities close to sports venues that will be utilized for the 2027 Asian Cup. Companies interested in Saudi Arabia company formation or Saudi Arabia company setup can benefit from these infrastructure expansions.
Timeline for Construction
The construction operations for these projects are expected to commence in July 2024 and are projected to be completed by December 2025. Investors considering branch setup in Saudi Arabia or applying for a branch license in Saudi Arabia should take advantage of this timeline to secure early contracts.
Saudi Arabia's Vision for the 2034 FIFA World Cup
Saudi Arabia’s 2034 FIFA World Cup bid is underpinned by a strategic vision that includes the development of modern stadiums across five host cities: Riyadh, Jeddah, Al-Khobar, Abha, and Neom. These cities will feature 15 advanced stadiums, including 11 newly constructed venues, positioning the Kingdom as a premier host for the global football tournament. Investors seeking a Saudi Arabia business license or commercial registration Saudi Arabia can explore opportunities within this massive development.
Major Stadiums for the 2034 World Cup
These state-of-the-art stadiums include the King Salman International Stadium, Prince Mohammed bin Salman Stadium, King Fahd Sports City Stadium, Qiddiya Coast Stadium (46,000 spectators), and Jeddah Central Stadium (45,000 spectators), among others. Companies interested in subsidiary company in Saudi Arabia or set up limited company in Saudi Arabia will find numerous business opportunities within these projects.
Investment Opportunities for Foreign Companies
Saudi Arabia’s massive infrastructure developments present lucrative investment opportunities for foreign companies. The Kingdom’s Vision 2030 aims to attract international investors by streamlining procedures for Saudi Arabia company incorporation and setting up a business in Saudi Arabia.
How MOTADED Company Supports Investors
MOTADED Company plays a crucial role in facilitating company formation in Saudi Arabia, ensuring that international businesses can efficiently establish themselves in the Kingdom. It provides guidance on free zones in Saudi Arabia, register a license in Saudi Arabia, and starting commercial in Saudi Arabia.
Foreign Investment Benefits
Saudi Arabia’s sports infrastructure projects align with broader economic goals, creating numerous opportunities for foreign businesses in sectors such as construction, sports management, event organization, tourism, and technology. Businesses looking to set up a business in KSA or register a business in Saudi Arabia will find a conducive environment with incentives like tax breaks and expedited approvals.
Conclusion
Saudi Arabia’s ambitious stadium projects are reshaping the country’s sports landscape and positioning it as a major player in global sports events. With the support of MOTADED Company, international businesses can navigate the process of setting up business in Saudi Arabia, obtaining a Saudi Arabia commercial license, and opening a company in Saudi Arabia.
The Kingdom’s commitment to fostering a pro-business environment ensures that foreign companies can capitalize on the vast opportunities presented by these infrastructure projects, making Saudi Arabia a prime destination for sports and investment.