# 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.
- Title: China's Fangda Group Wins Saudi World Cup Stadium Contract
- Summary: 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…
- Keywords: fangda group, saudi vision 2030, 2034 fifa world cup, qiddiya city, curtain wall contract, jv company, finance, markets, China's, Fangda, Group, Wins
- Source: BigGo Finance — https://finance.biggo.com/news/1c38ca61-b57b-4089-bb2c-65ba133b8d3b
- Author: BigGo Finance
- Published: 2026-10-19T05:55:29+00:00
- Read time: 1 min
- Topics: fangda group, saudi vision 2030, 2034 fifa world cup, qiddiya city, curtain wall contract, jv company, finance, markets
## 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.
## Key takeaway

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.