Industry News
Saudi-Chinese Consortium Secures $306 Million Qiddiya Stadium Facade Contract
IKK Fangda JV Co., a joint venture between China Fangda Group and Saudi-based Isam Kabbani & Partners, has been awarded an SR1.15 billion ($306 million) contract for Qiddiya's Prince Mohammed bin Salman Stadium. The consortium will design, supply, and install curtain-wall facades for the venue, which is planned for the 2034 FIFA World Cup. The contract represents 60.7 percent of China Fangda Group's audited operating revenue in 2025.
