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

Valencia CF presents new stadium concept

In-cold-storage Nou Mestalla project revival?

Published: June 30th, 2022

The Spanish professional football club Valencia CF half-constructed home venue project – Nou... » Read more

Esports event at Dubai Silicon Oasis

Dubai Silicon Oasis maiden Esports event

Published: June 30th, 2022

The Dubai Integrated Economic Zones Authority (DIEZ) has announced that the Dubai Silicon Oasis... » Read more

Houston Dynamo announces upgrade of PNC Stadium

‘Dynamic’-‘dashing’ look for Dynamo-Dash home

Published: June 30th, 2022

Exactly one year after Ted Segal was introduced as the new controlling owner of the Major League... » Read more

Wrexham AFC stadium update June 2022

Wrexham A.F.C. get nod to pull down ‘Kop’

Published: June 30th, 2022

The Welsh professional association football club Wrexham A.F.C. (UK) has been given permission by... » Read more


Receive global sports venue NEWS twice a week in your inbox