Saudi-Chinese consortium wins $306m Qiddiya stadium contract
- The joint venture is composed of China Fangda Group (51% stake) and Saudi-based Isam Kabbani & Partners (49% stake).
- The execution of the contract is critical for China Fangda Group, representing 60.7% of its projected revenue in 2025 and aimed at establishing a prominent portfolio in the Middle East.
- Saudi Arabia is planning a total of 15 stadiums across multiple cities for the 2034 World Cup, with a mixture of new constructions and refurbishments.
