Sports

Riyadh Athletics Stadium Project: Investment of 7 Billion Riyals

In a move reflecting Saudi Arabia's ambitious plans for the sports sector, details have been revealed of a project to build an athletics stadium and integrated sports facilities in the capital, Riyadh, at an estimated cost of 7 billion Saudi riyals . This massive project is part of a series of mega infrastructure projects currently underway in the Kingdom.

A qualitative leap in sports infrastructure

This project is an integral part of the Kingdom's strategy to develop sports facilities that meet international and Olympic standards. The aim of these massive investments is not limited to building stadiums, but extends to creating smart and sustainable sports cities capable of hosting major global events. This step aims to enhance Riyadh's position as a global sports destination, as these facilities are designed to serve various sports, most notably athletics and football, using the latest engineering technologies.

General context: Vision 2030 and the Quality of Life Program

This ambitious project falls under the umbrella of Saudi Vision 2030 , specifically within the Quality of Life Program, which aims to improve the lifestyle of individuals and families and build a society that enjoys a balanced life. The Vision has given special attention to the sports sector, not only from an entertainment perspective, but also as a vital economic driver that contributes to diversifying income sources away from oil. The past few years have witnessed unprecedented activity, including hosting Formula 1 races, world boxing matches, and the Spanish and Italian Super Cups, paving the way for more sustainable and large-scale infrastructure projects.

Preparing for major global events

This announcement cannot be separated from the current context of Saudi Arabian sports, marked by winning the right to host the 2027 AFC Asian Cup and the ambitious bid to host the 2034 FIFA World Cup . These achievements necessitate the construction of stadiums that meet FIFA and international athletics standards, boasting massive seating capacities and state-of-the-art logistical infrastructure. This new stadium is expected to be an architectural icon, joining existing and planned stadiums such as King Salman International Stadium and Qiddiya Stadium, together forming a comprehensive sports complex.

Expected economic and social impact

Economically, these multi-billion dollar projects will create thousands of job opportunities for Saudi youth, both during the construction phase and in subsequent operation and management. They will also boost the sports tourism sector, as the availability of world-class facilities will attract international tournaments, positively impacting the hotel, transportation, and retail sectors. Regionally, this project will solidify the Kingdom's position as a major sporting hub in the Middle East, capable of hosting events that were previously the exclusive domain of European or East Asian countries.

In conclusion, investing 7 billion riyals in a single sports facility represents a clear message to the world about the Kingdom’s seriousness in transforming sports into a real and sustainable industry that serves future generations and puts Riyadh on the map of major sports capitals in the world.

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