Elegancia Arabia Trading, part of the Contracting and Industries (C&I) operating segment of Estithmar Holding Q.P.S.C., has been awarded the Mechanical Package for the Prince Mohammed Bin Salman Stadium in Qiddiya City, Saudi Arabia, with a contract value of SAR 829 million. The stadium is one of Saudi Arabia’s flagship giga-projects and a designated venue for the FIFA World Cup 2034, reinforcing Elegancia’s growing role in the Kingdom’s infrastructure transformation.

Located in Qiddiya City, around 40 minutes from Riyadh, Prince Mohammed Bin Salman Stadium is a futuristic, multi-purpose sports and entertainment venue situated atop the 200-metre-high Tuwaiq cliff. The stadium will feature approximately 47,000 seats for football, with an overall event capacity exceeding 60,900. It is projected to attract 7.6 million visitors annually and host more than 60 football matches each year, alongside major entertainment and cultural events.

The climate-controlled venue will be the world’s first fully integrated stadium to combine a retractable roof, pitch and LED wall, enabling year-round operations and adaptation to different event formats. The development will also include more than 50,000 square meters of retail, dining and entertainment space. The venue will integrate advanced energy-efficient systems delivered by Elegancia Electromechanical Services , supporting Saudi Arabia’s commitment to sustainable mega-developments.

The Mechanical Package will be executed by Elegancia Electromechanical Services and represents its largest project in Saudi Arabia. The award marks a major milestone in the growth of Elegancia Contracting and Industries in the Kingdom and reinforces its position as a trusted engineering and contracting partner for large-scale and technically complex developments. Elegancia Electromechanical Services will bring its proven expertise in delivering complex mechanical systems for large-scale venues to the execution of the project.

Under the contract, Elegancia Electromechanical Services will deliver the heating, ventilation and air conditioning (HVAC), public health, firefighting and Building Management System (BMS) packages. The project is scheduled to run from September 2026 to May 2030 and is expected to involve approximately 3,000 Elegancia employees across different stages of execution.

Commenting on the award, Mr. Basel Shaddad, Holding Chief Executive Officer of Estithmar, said:

“This award underscores the strength of Elegancia Arabia Trading and Elegancia Electromechanical Services in delivering complex engineering works across the region. The award of the SAR 829 million Mechanical Package to Elegancia Arabia Trading for a FIFA World Cup 2034 venue reflects confidence in our capabilities and our growing role in Saudi Arabia’s Vision 2030 giga-projects.”

Mr. Eyad Elkhorebi, Group Chief Executive Officer of Elegancia C&I, said:

“Prince Mohammed Bin Salman Stadium is one of the Kingdom’s most advanced venues, and delivering its full Mechanical Package represents a major achievement for Elegancia Electromechanical Services. With approximately 3,000 employees expected to contribute across the project’s different stages, we are committed to executing the HVAC, public health, firefighting and BMS systems to the highest standards of safety, quality and operational excellence.”

The award strengthens Estithmar Holding regional platform and reflects the Group’s ability to deploy specialized engineering capabilities across major giga-projects in high-growth markets.

ENDS

About Estithmar Holding Q.P.S.C

Estithmar Holding Q.P.S.C is a publicly listed investment company in Qatar Stock Exchangeheadquartered in Qatar, strategically investing in and managing a diverse international portfolio of businesses.

With a growth footprint of 110+ companies internationally, we operate across four core business groups: healthcare, services, real estate and touristic developments and specialized contracting. Each group directly addresses vital market needs, such as advancing healthcare infrastructure, providing high-quality services, and creating attractive and sustainable real estate and hospitality, and specialized contracting.

Our purpose is to create meaningful social impact by improving access to essential services and generating opportunities that empower individuals and communities. Through every venture we bring innovation, global expertise, and deliver exceptional value to our shareholders, employees, partners, customers, clients, suppliers, regulators, and broader society. In an ever-changing global environment, our agility and adaptability allow us to create opportunities and proactively navigate challenges. Our dedicated teams, known for their commitment to excellence, deep industry knowledge and cultural insight, are the driving force behind our ability to positively impact society.

We remain committed to impactful growth, powered by our people and their dedication to making a difference, as we continue to expand from Qatar to the world.

About Elegancia Arabia Trading

Elegancia Arabia Trading, a subsidiary of Estithmar Holding, is a Saudi company focused on specialized contracting services, offering integrated solutions in electrical and mechanical engineering, landscape design and implementation, contracting, industrial kitchen and laundry services, water management solutions, firefighting and alarm systems, in addition to expertise in steel fabrication, carpentry, stonework, and marine construction.

About Elegancia Electromechanical Services

Elegancia Electromechanical Services is a Qatari Grade A mechanical, electrical and plumbing contractor with over 5500 workforce, 15 PMP Certified Project Managers and +20 MMUP (Ministry of Municipality and Urban Planning) Certified staff. Elegancia Electromechanical Services offers MEP solutions to clients in Engineering, Procurement, Construction and Commissioning of MEP building services.