Saudi Arabia grants $1bn to build Iraq ‘sports city’



Linkedin Twitter

Iraq Sports City Image: AFP

Saudi Arabia’s King Salman bin Abdulaziz has granted $1 billion to Iraq to build a new sports city and open four consulates, according to media reports.

The announcement followed the arrival in Baghdad of a delegation led by Saudi Trade Minister Majid Al Kassabi for the second meeting of the Saudi-Iraqi Co-ordination Council, Abu Dhabi-based The National newspaper reported.

Iraq’s Oil Minister, Thamer Al Ghadhban, said the sports city would be located in Baghdad.

Riyadh has been courting Baghdad in efforts to boost economic and trade ties and fend off Tehran’s influence in the region. In March 2018, then-Iraqi Prime Minister Haider Al-Abadi said that Saudi Arabia will fund the construction of a 100,000 capacity sports stadium in Baghdad, Arabian Business reported.

“[King Salman]…offered Saudi Arabia’s contribution to build a main stadium in Iraq that accommodates 100,000 people. We have welcomed the initiative and it was proposed today to the Cabinet,” Abadi said at the time.

At the time, the Iraqi Cabinet was instructed to set up a task force to build the stadium, which will eclipse the 65,000 capacity stadium as Basra Sports City. The new stadium was reported to be part of an “integrated spots city”, although no details were divulged.

The Iraqi project follows Saudi Arabia launching its own large scale entertainment projects worth Dh86 billion last month.

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.

Coliseum facilitates a dialogue between stadiums, arenas, clubs, leagues and experts and enables them to learn from each other while establishing relationships. Coliseum’s digital 365Coliseum Business Center is a vast pool of resource for the stadium and arena industry world-wide.




« Previous News:
» Next News:


More News

Optus Stadium roof climb

Optus Stadium roof climb to open by summer end

Published: August 19, 2019

Adventure-minded Perth residents and visitors to the Western Australian city will soon be able to...
» Read more

Arsenal FC - Avenell Club

Arsenal FC unveils Avenell Club

Published: August 19, 2019

Arsenal Football Club has launched its hospitality space – The Avenell Club – at the Emirates...
» Read more

PSG Training Facility

PSG gets go ahead for next-gen training center

Published: August 19, 2019

French soccer champions Paris Saint-Germain (PSG) have been granted environmental and building...
» Read more

Los Angeles Dodgers stadium upgrade

Dodger Stadium plans $100mn revamp

Published: August 19, 2019

The Los Angeles Dodgers recently unveiled plans for a $100-million renovation to Dodger Stadium...
» Read more


Newsletter sign-up