China’s Fangda Group Wins 2.05 Billion Yuan Saudi World Cup Stadium Contract

China-based Fangda Group announced that its 51%-owned joint venture secured a major curtain wall contract for the Prince Mohammed bin Salman Stadium in Saudi Arabia. Valued at 1.147 billion Saudi riyals (approx. 2.05 billion yuan), the contract spans 863 days. The deal accounts for roughly 60.7% of the group's audited total revenue for 2025.

Published October 19, 2026 Source: BigGo Finance

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China-based Fangda Group announced in an official filing that its 51%-owned joint venture, IKK Fangda JV Company, signed a construction contract on October 18, 2026. The deal was signed with main contractor Uptown Stadium Construction JV for curtain wall works on the Prince Mohammed bin Salman Stadium located in Qiddiya City, Saudi Arabia.

The project is valued at 1.147 billion Saudi riyals, which is approximately 2.05 billion yuan or $306.8 million. It has a scheduled execution timeline of 863 days.

The contract scope encompasses exterior curtain wall installations for the main stadium and associated cultural facilities, which are designed for the 2034 FIFA World Cup. According to the company's filing, the agreement represents approximately 60.7% of Fangda Group's audited total revenue for 2025.