Saudi Arabia shelves $2.5 billion NEOM Stadium plan for 2034 World Cup

  • Saudi Arabia has indefinitely shelved the planned NEOM Stadium for the 2034 FIFA World Cup.
  • The elevated 46,000-seat venue was projected to cost $2.5 billion and had no listed completion date.
  • Saudi Arabia is developing or renovating 15 World Cup venues across five cities despite broader project and budget pressures.

Saudi Arabia has indefinitely shelved plans for the NEOM Stadium, a projected 46,000-seat venue expected to cost $2.5 billion and intended for the 2034 FIFA World Cup, according to people familiar with the matter. The elevated arena was planned inside The Line, a proposed 100-mile (160-kilometer) steel-and-glass structure within the wider NEOM development. The decision comes as Riyadh faces weaker fiscal conditions and disruption from the Iran war while reprioritizing spending under Crown Prince Mohammed bin Salman’s Vision 2030 program. Saudi Arabia is still developing or renovating 15 venues across five cities and dozens of training facilities for the first 48-team World Cup hosted by a single country, with those projects valued at $22.7 billion by MEED Projects.

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