QIC - The Qiddiya Project: Resort Core: Speed Park: Mercedes AMG World Center

General Information
Owner Qiddiya Investment Company
Masterplan Project (Parent Profile) Qiddiya Invt – The Qiddiya Project: Resort Core: Speed Park (Formula 1) – Ar Riyad
Location Riyadh, Riyadh Province, Saudi Arabia
Status --
Sector Construction, Leisure, Theme Park
Contract Type Build
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 3
Estimated Budget Value ---
Contract Value 100
Net Value $100m
Award Date October 2025
Completion Date December 2028
Last Updated On January 2026
ProjectId (Old, New) 478846, 478846


Qiddiya Investment Company (QIC) is planning to undertake the construction of the “ Mercedes AMG World ”center in Qiddiya City, Riyadh, Saudi Arabia. Mercedes AMG World Center offers more than 20 attractions and entertainment experiences, the center is located next to the speed park, one of the most prominent destinations in Qiddiya City.

Plot area: 45000 sqm

The US$100 million project includes the following:

1. Construction of a building (G+9F)

2. Construction of office area

3. Construction of administrative and commercial premises

4. Ground improvement works

5. Construction of a parking area

6. Installation of elevators

7. Installation of safety & security units

8. Associated facilities

Second Section

30 January 2026

A joint venture of El-Seif Engineering Contracting and Alec is working as the main contractor on the project.

31 December 2025

The construction works are commenced and we are in the process of identifying the main contractor.

01 October 2025

Benoy is working as the lead design consultant

21 February 2025

The project is understood to be under design stage and we are trying to identify the design consultants.