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Saudi-Chinese consortium IKK Fangda JV Co. secures $306 million contract for Qiddiya stadium project.

Oct 21, 2026

Contract Type

contract

RiyadhConstructionBuilding Maintenance

Description

A Saudi-Chinese consortium has been awarded a SR1.15 billion ($306 million) contract to design and install facades at the Prince Mohammed bin Salman Stadium in Qiddiya. The project is part of Saudi Arabia's preparations for the 2034 FIFA World Cup and is expected to be completed within 863 days.

Company Information

Company

IKK Fangda

Location

Riyadh, Riyadh Region, Saudi Arabia

About

IKK Fangda JV Co. is a joint venture between China Fangda Group and Saudi-based Isam Kabbani & Partners. They specialize in large-scale construction and design projects, including stadiums and other infrastructure. The consortium aims to support Saudi Arabia's Vision 2030 initiative through innovative building solutions.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.