PIF-owned real estate player Roshn Group is developing two new stadiums in Riyadh and Khobar, according to two separate statements (here and here). No details on the investment ticket on either stadium were provided.

One for Riyadh: In Riyadh, Roshn will develop a 45k-seat stadium spanning 450k sqm, with the project set to include a range of mixed-use spaces, including restaurants, shops, lodging venues, and additional sports facilities. The new stadium will include features meant to improve sustainability, including integrated solar panels, a roof design boosting natural ventilation and sunlight, and advanced water management tech, the release said.

And one for Khobar: Roshn will develop a separate multifunctional 47k-seat stadium with Saudi Aramco, named Aramco Stadium, in Khobar, which will “cater to both entertainment and sports activities.” The stadium is expected to be constructed and operational in 2026 “and will host both national and international events, including the 2027 AFC Asian Cup that will take place in Saudi Arabia in January of that year,” according to the statement.

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The Kingdom has been on a stadium buildout drive: As Saudi looks to bid to host the 2034 World Cup, the country has been developing several new stadiums over the past few weeks. These include a new flagship 92k-seater King Salman for Riyadh announced earlier this week, a 45k-seat Mohammed bin Salman Stadium in Qiddiya, and the 45k-seat New Murabba Stadium in Riyadh. Saudi is now the sole bidder for hosting the 2034 FIFA tournament, after Australia pulled out of the running late last fall. The Kingdom is set to submit its letter of intent to FIFA later this year at a ceremony in Paris, with results expected in December.

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