‎Qatari firm wins SAR 829M contract for Prince Mohammed bin Salman Stadium in Qiddiya

‎<p><img src="https://argaamplus.s3.amazonaws.com/f213bed7-dc1c-4bd5-8589-a97d94bbb1af.png" ></p> <p class="ckeCaption" >Logo ofEstithmar Holding</p> <hr> <p >Estithmar Holding, which is listed on the Qatar Stock Exchange, announced that its subsidiary Elegancia, part of the group's contracting and specialized industries segment, has won a contract to deliver the mechanical, electrical and plumbing (MEP) works for Prince Mohammed bin Salman Stadium in Qiddiya, valued at SAR 829 million.</p> <p ></p> <p >In a statement to the QSE, the company said Elegancia will execute the mechanical package, leveraging its specialized expertise in delivering complex mechanical systems for major facilities.</p> <p ></p> <p >Under the contract, Elegancia will be responsible for implementing the heating, ventilation and air conditioning (HVAC), public health, fire protection, and building management systems (BMS). The project is scheduled to be executed from September 2026 to May 2030, with approximately 3,000 Elegancia employees expected to participate across the various stages of implementation.</p> <p ></p> <p >Prince Mohammed bin Salman Stadium in Qiddiya is one of the venues designated to host matches during the FIFA World Cup 2034. Located approximately 40 minutes from Riyadh, the stadium is an advanced, multi-purpose sports and entertainment facility situated atop a 200-meter-high Tuwaiq escarpment.</p> <p ></p> <p >The stadium will feature 47,000 seats, while its total capacity is expected to exceed 60,900 people. It is projected to attract 7.6 million visitors annually and host more than 60 football matches each year.</p>

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Argaam - Main News · Trade Publication

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10th September 2026

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