From BigGo Finance · BigGo Finance · · 1m 20s
China's Fangda Group Wins Saudi World Cup Stadium Contract
China's Fangda Group secures 2.05 billion yuan contract for Saudi World Cup stadium curtain walls.
In brief
China's Fangda Group secures 2.05 billion yuan contract for Saudi World Cup stadium curtain walls. China's Fangda Group won a 2.05 billion yuan contract for Saudi World Cup stadium curtain walls, representing 60.70% of its 2025 revenue. Originally reported by BigGo Finance.
Contract Signed
China's Fangda Group's joint venture signed a curtain wall contract with Saudi Arabia's Prince Mohammed bin Salman Stadium contractor.
Contract Value
The deal totals 1.147 billion Saudi riyals, equivalent to approximately 2.05 billion yuan or $306.8 million.
Revenue Impact
The contract represents 60.70% of Fangda Group's audited 2025 revenue, a significant portion of its annual income.
Contract Duration
The project runs for 863 days with a construction period spanning over two and a half years.
Joint Venture Structure
Shihui International Holdings holds 51% and the Saudi partner holds 49% in the joint venture.
Stadium Project
The Prince Mohammed bin Salman Stadium is a flagship project under Saudi Vision 2030 and a venue for the 2034 FIFA World Cup.
Expected Impact
Fangda Group expects the contract to positively impact future operating results and revenue recognition.
Risks Identified
Market, policy, foreign exchange and war-related risks could delay or prevent full contract performance.
The essence
China's Fangda Group won a 2.05 billion yuan contract for Saudi World Cup stadium curtain walls, representing 60.70% of its 2025 revenue.
