El Salvador new stadium in truck with China

Linkedin Twitter

El Salvador new stadium backed by China Image: @nayibbukele (Twitter)

El Salvador will build a new national stadium in collaboration with China. The President of El Salvador, Nayib Bukele, said in a Spanish-language Twitter post recently.

The ‘yahoo!finance’ quoted Bukele as tweeting in Spanish and referring to the President of China, Xi Jinping, “This is a collaboration granted directly by President Xi and a sample of the friendship between the people of China and El Salvador.”

The new stadium will have a seating capacity of 50,000, Bukele said in the tweet. It will be built in the current location of the country’s military school in Santa Tecla, which will be rebuilt elsewhere and have twice the capacity it has now. Bukele telegraphed the announcement in an earlier tweet.

The ‘yahoo!finance’ further stated that in September 2021, El Salvador became the first – and so far only – country to designate bitcoin legal tender – “We must break the paradigms of the past. El Salvador has the right to move toward the First World,” Bukele said at the time.

The decision has been criticized. The International Monetary Fund (IMF) in November said bitcoin shouldn’t be used as legal tender in El Salvador and urged the Central American country to strengthen the regulation and supervision of its newly established payment system.

Continue to follow Coliseum for latest updates on venues business news. Coliseum is dedicated towards building the best global community of sports and entertainment venue executives and professionals creating better and more profitable venues.

Become a member of the only Global Sports Venue Alliance and connect with stadiums, arenas and experts from around the world. Apply for membership at coliseum-online.com/alliance and make use of the 365Coliseum Business.

Watch 150 member-exclusive videos with valuable tips for your venue

« Previous News:
» Next News:

More News

Sheffield Eagles to play at Olympic Legacy Park

Sheffield Eagles to nest at Community Stadium

Published: January 18th, 2022

The professional rugby league football club, Sheffield Eagles, has signed a five-year agreement to... » Read more

Mexico Tigres UANL stadium moving forward

Tigres UANL to boast picture-postcard venue

Published: January 18th, 2022

The Mexican professional football club Tigres UANL’s dream of boasting a new stadium is getting... » Read more

Future of Max-Morlock-Stadium

Ambitious plans to rejig Max-Morlock-Stadium

Published: January 18th, 2022

Plans are being drawn out for the further development of the Max-Morlock-Stadium in Nuremberg,... » Read more

China Asian Games stadium Yellow Dragon Sports Center completed

Hangzhou venues ready for 2022 Asian Games

Published: January 18th, 2022

Authorities have announced that the project to renovate key venues for Hangzhou’s (China) hosting... » Read more

Receive global sports venue NEWS twice a week in your inbox