Fangda–IKK Joint Venture Secures SAR 1.15 Billion Façade Contract for Prince Mohammed Bin Salman Stadium in Saudi Arabia

21 October 2026: The Fangda–IKK joint venture has secured a SAR 1.15 billion ($306 million) subcontract for façade works at the Prince Mohammed Bin Salman Stadium in Qiddiya City, Riyadh, Saudi Arabia. The contract was awarded by Uptown Stadium Construction JV, comprising Spain’s FCC Construcción and Saudi Arabia’s Nesma & Partners. The joint venture comprises China Fangda Group’s subsidiary Shihui International Holdings (51%) and Saudi Arabia’s Isam Kabbani & Partners (49%). The scope includes design, supply and installation of curtain-wall façade systems for the main stadium under Lot 1, alongside the museum and ancillary buildings under Lot 3. The subcontract has an execution period of 863 days. Designed by Populous, the approximately 47,000-seat stadium forms part of Saudi Arabia’s Vision 2030 infrastructure programme and is planned to host matches during the 2034 FIFA World Cup. The award advances construction of Qiddiya’s landmark sporting and entertainment destination