Built to inform

Sign up for the daily newsletters

No, Thank you

Abu Dhabi firm to fund Real Madrid stadium revamp

International Petroleum Investment Company (IPIC) will fund the revamp of Santiago Bernabeu, which notably includes the installation of a retractable roof

IPIC will finance the revamp of Santiago Bernabeu, the home stadium of Real Madrid. [Image: Arabian Business]
IPIC will finance the revamp of Santiago Bernabeu, the home stadium of Real Madrid. [Image: Arabian Business]

Abu Dhabi's International Petroleum Investment Company (IPIC) will fund the revamp of Santiago Bernabeu, the home stadium of football club Real Madrid. 

A retractable roof will be fitted onto the 81,000-seat venue, and plans are also in place to include a shopping centre and a hotel. 

Each of those elements would be "enveloped inside a metallic, undulating facade". 

Madrid's city hall has given approvals for the revamp, with its executive council approving the project.

A mall adjacent to the stadium will be demolished, and replaced with a large public garden. 

IPIC will be given naming rights as well, Arabian Business reported, citing AFP

The stadium was inaugurated in 1947, and given its current name in 1955. 

 

Most popular

Awards

Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to

Conferences

Leaders UAE 2019: ALEC, CSCEC ME, Arada bosses on diversification
EXCLUSIVE: Kez Taylor, Sachin Kerur, Elie Mrad, and Grigoris Christofides share insights at Leaders UAE

Latest Issue

Construction Week - Issue 749
Sep 15, 2019