CIC - Construction Intelligence Center

Global pipeline of stadium and arena construction projects stands at US$131 billion

15 Jun 2017

According to a new report from Timetric’s Construction Intelligence Center (CIC), the total value of the stadium and arena construction projects pipeline stands at US$130.8 billion, with the US and Russia accounting for the largest shares, with project pipelines valued at US$50.1 billion and US$10.3 billion, respectively.

 

Based on the projects tracked by the CIC, the Americas has the highest value pipeline, at US$54.2 billion followed by the Europe with projects valued at US$33.1 billion. Expenditure by the US sports leagues, such as the National Football League (NFL) and increasingly Major League Soccer (MLS), is driving sports stadia and arena investment in the US. The US has a number of 100,000+ seater stadiums owned by colleges, whereas Europe’s largest stadium is Barcelona’s Camp Nou which seats less than 100,000. High value mixed use stadium and arena schemes in the US are also incorporating a number of facilities including residential, retail, and hotel units. 

 

Europe’s stadium and arena construction projects pipeline is driven by the major sports leagues, particularly football, with new stadium or redevelopment being undertaken for some of the major teams including Chelsea, Tottenham Hotspur, Barcelona and Feyenoord. The Fifa World Cup to be hosted by Russia in 2018 is driving a program of stadium construction projects around the country, as is the case in Qatar, which is hosting the World Cup in 2022. Asia-Pacific is hosting three major events, the Asian Indoor and Martial Arts Games in Turkmenistan, the 2018 Winter Olympics in South Korea and the 2020 Summer Olympics in Tokyo. 

 

Funding of projects is weighted towards the private sector, which accounts for 40% of the total, followed by the public sector, with 36%, and joint public/private investment with a 24% share. Regional variations shows that the Middle East and Africa has the highest value of public funded projects with 61% given the centralized government and large budgets particularly in the Gulf Cooperation Council (GCC) countries. The Americas has the highest proportion of privately funded projects at 58% dominated by investment from the US major leagues and colleges and developers of mixed use projects. 

 

Neil Martin, Manager at Timetric’s CIC comments: “The construction of stadia and arenas in the developed countries is being driven by high investment by the major sports leagues in North America and Europe. Investment in the sector in the US by the professional football, basketball, baseball and hockey leagues continues to fund stadia and arena developments. The colleges in the US also have considerable financial muscle and are major investors in stadia and arena construction. Europe’s cash rich football leagues are investing in the redevelopment and building of new stadia with major teams redeveloping new stadiums. The five major sports events tracked by CIC up to 2022 will also add US$19.3 billion value to the stadia and arena market and should stimulate future sports activity.”  

 

 

About this report

 

This information is taken from the Timetric report: ‘Project Insight - Global Stadium and Arena Construction Projects’.

 

To find out more information about the report, please contact us at reports@timetric.com. To purchase the full report, click here

 

CIC clients can access the report here

 

About the Construction Intelligence Center

 

The Construction Intelligence Center (CIC) is the most comprehensive source of data and analysis on the global construction industry. The Construction Intelligence Center is a product of Timetric, which provides information solutions and technologies that enable organizations to drive business value and manage business risk.

 

For more information and updates, please visit www.construction-ic.com.

 

About Timetric

 

Timetric is a leading provider of online data, analysis and advisory services on key industry sectors. It provides integrated information services covering risk assessments, forecasts, industry analysis, market intelligence, news and commentary.

 

For more information and updates, please visit www.timetric.com.

 

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