QATAR; SAUDI ARABIA —Elegancia Arabia Trading, a subsidiary operating under the Contracting and Industries segment of Qatari investment firm Estithmar Holding Q.P.S.C., has been awarded a major mechanical package contract valued at SAR 829 million for the Prince Mohammed Bin Salman Stadium in Qiddiya City, Saudi Arabia. The specialized execution of the contract will be delivered by Elegancia Electromechanical Services across a planned construction timeline spanning from September 2026 to May 2030.
Situated atop the 200-meter-high Tuwaiq cliff approximately 40 minutes from Riyadh, the futuristic venue is designed with a football capacity of around 47,000 seats and an overall event capacity exceeding 60,900. Under the scope of work, Elegancia will engineer, procure, and install complete heating, ventilation, and air conditioning systems, public health facilities, firefighting infrastructure, and advanced Building Management Systems. The development represents the largest Saudi Arabian project to date for Elegancia Electromechanical Services and will deploy roughly 3,000 employees during peak execution stages.
This landmark contract highlights the accelerating momentum behind Saudi Arabia’s Vision 2030 giga-projects as the Kingdom Prepares to host the FIFA World Cup 2034. By incorporating energy-efficient systems alongside world-first integrated features-such as a retractable roof, pitch, and LED wall-the venue sets a high operational benchmark for sustainable mega-developments. The inclusion of over 50,000 square meters of retail, dining, and entertainment spaces highlights the venue's broader role as a year-round sports and cultural destination projected to attract 7.6 million annual visitors.
For regional contractors and global investors, the award demonstrates the expanding footprint of cross-border Middle Eastern construction partnerships in driving high-complexity infrastructure projects. Estithmar Holding’s strategic expansion into the Saudi market underscores how specialized engineering capabilities are being capitalized on to capture growth within high-value regional markets.
