IKK Fangda JV wins $306m Qiddiya stadium contract

Riyadh, Saudi Arabia - IKK Fangda JV Company has secured a $306 million (SAR1.147 billion) curtain-wall contract for the Prince Mohammed bin Salman Stadium project in Qiddiya City.

The joint venture was formed by Shihui International Holdings, a subsidiary of China Fangda Group, which holds a 51% interest, and Isam Kabbani & Partners for Building & Construction Materials, part of Saudi Arabia’s IKK Group, which holds the remaining 49%.

Under the contract, IKK Fangda JV will carry out curtain-wall engineering works for Lot 1, covering the main stadium, and Lot 3, covering the museum and ancillary buildings.

The scope includes the design, material supply and installation of the building envelope systems. The contract runs for 863 days, equivalent to just under two years and five months.

The agreement was signed with Uptown Stadium Construction JV, the stadium’s general contractor, which is a consortium formed by Spain’s FCC Construcción and Saudi Arabia’s Nesma & Partners.

The distinction is important because Uptown Stadium Construction JV is the main contractor, while IKK Fangda JV is the specialist subcontractor appointed for the curtain-wall package.

Prince Mohammed bin Salman Stadium is being developed within Qiddiya City on top of the 200-metre-high Tuwaiq cliff, around 40 minutes from Riyadh. Designed by Populous, the multi-use venue is planned with approximately 45,000 seats and will host major sporting, entertainment and cultural events.

The stadium design includes a combined retractable roof, retractable pitch and LED wall, allowing the venue to switch between different event configurations. It is also planned as a future home venue for Saudi Pro League clubs Al-Hilal and Al-Nassr.

The venue is one of the stadiums planned for the 2034 FIFA World Cup and forms part of the wider Qiddiya City development, which is being built around major sports, entertainment, cultural, residential and hospitality assets.

For Fangda Group, the contract represents a major expansion of its curtain-wall business in Saudi Arabia. The company had previously identified the Middle East as an important growth market for its international façade operations, including projects in the UAE and new bidding opportunities in Saudi Arabia.

The Qiddiya contract is expected to strengthen Fangda’s position in the region while adding a large-scale stadium project to its international portfolio.