QIC - The Qiddiya Entertainment City: Racecourse Venue Main Works Package

General Information
Owner Qiddiya Investment Company
Masterplan Project (Parent Profile) Qiddiya Invt – The Qiddiya Entertainment City – Ar Riyad
Location Riyadh, Riyadh Province, Saudi Arabia
Status --
Sector Construction, Leisure, Sport Facility, Stadium
Contract Type Build
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 0
Estimated Budget Value ---
Contract Value 1161
Net Value $1161m
Award Date June 2026
Completion Date August 2028
Last Updated On June 2026
ProjectId (Old, New) 553655, 553655


Qiddiya Investment Company (QIC) is undertaking the construction of the "Racecourse Venue," spanning approximately 1.3 million square meters in Qiddiya Entertainment City, Riyadh, Saudi Arabia.

The package forms part of the wider Qiddiya masterplan and focuses on delivering the main works for an outdoor sports and leisure venue. The development is expected to include the core racecourse facilities, spectator and event areas, and supporting back-of-house spaces to host sporting and live event operations. The works also typically require site-wide utilities connections, access arrangements, safety systems, and integration with the wider district infrastructure within Qiddiya.

The US$1161 million project includes the following:

1. Construction of a racecourse venue complex (130hectares, 70,000 spectators)

2. Construction of equestrian venues(2.2 Kilometer main turf track, 2.4 Kilometer inner dirt track)

3. Construction of the 1,000-seat grandstand

4. Construction of the 110-m-long central parade ring positioned at the heart of the venue

5. Construction of cultural institutions

6. Construction of a large central park

7. Construction of shaded communal plazas

8. Construction of streets for walking and cycling

9. Construction of housing units

10. Construction of educational facilities

11. Construction of hospitality facilities

12. Construction of public infrastructure facilities

13. Temporary site facilities and services

14. Groundworks and substructure works

15. Construction of associated facilities

Second Section

26 June 2026

Trojan General Contracting has been appointed as the main contractor with a contract value of SAR 4.3 billion(US$1.1 billion) on the project.

23 April 2026

The main contract bids are still under evaluation.

18 February 2026

The main contract bids are submitted on the project. Market sources indicates Trojan General Contracting, Consolidated Contractors Company, Modern Building Leaders, JV of China Railway Construction Corporation and alfanar Construction, JV of Shapoorji Pallonji and IHCC amongst others submitted the bids.

02 February 2026

The bid submission deadline has been extended from January 26, 2026 to February 15, 2026.

12 December 2025

Market sources indicate that El Seif Engineering Contracting Company, MIDMAC Contracting Company, Modern Building Leaders, Trojan General Contracting, Alfanar Construction and China Railway Construction Corporation amongst others have been invited to bid.

03 December 2025

The main contract tender has been issued and the bid submission deadline is January 26, 2026.

25 November 2025

The main contract tender is expected to be issued by December 1, 2025.