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The Economic Times
The Economic Times
National

Saudi Arabia-backed developer seeks World Cup stadium investors, sources say

Saudi Arabia World Cup Aramco PIF JPMorgan Oil

Saudi Arabia's ROSHN Group is seeking investors for its Aramco Stadium, a 2034 FIFA World ​Cup venue, three sources told Reuters, as the state-backed developer looks to free up capital to deliver projects for the kingdom's economic transformation strategy.

As the Saudi government works to plug a widening budget deficit, public entities are increasingly tapping outside capital to help fund the logistics, tourism and sports projects meant to cut the economy's reliance on oil and ‌gas revenue.

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