Saudi Arabia expected to axe 2034 World Cup stadium projects
Saudi Arabia’s plans for hosting the 2034 World Cup look set to be significantly scaled back after doubts emerged over five new stadium builds. The country’s Public Investment Fund will inform Fifa of its intention to scrap construction of the quintet of new venues, including ambitious projects in Qiddya and Neom, Semafor reported. The other [...]
Saudi Arabia is reportedly planning to cancel its ambitious plans to build five new stadiums for the 2034 World Cup, downgrading its hosting ambitions from eight venues to just three, according to Semafor. The Public Investment Fund (PIF) will notify FIFA of this decision, which includes the abandonment of projects in Qiddya, Neom, King Abdullah Economic City, Roshn, and New Murabba.
This shift coincides with Saudi Arabia's recent economic tightening, spurred by geopolitical tensions with Iran, the Houthis in Yemen, and the collapse of the LIV Golf venture. The move also reflects the country's redirected focus towards domestic and sustainable investments, following setbacks in high-profile projects like LIV Golf, the WTA Finals, and Saudi snooker tournaments.
Qiddya's director, Marc Archer, acknowledged the pressure to deliver a world-class stadium complex, but admitted the project faces significant challenges in aligning with the broader vision for a multi-faceted city. The PIF declined to comment on the stadium cancellation.
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