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Spanish billionaire Juan Roig is investing €220m in building an 18,600-cap. arena in Valencia, Spain, to attract more international tours to the country
By Anna Grace on 08 Oct 2019
Increased investment in a new arena in the Spanish city of Valencia aims to make it the largest venue of its kind in the country.
The multi-purpose arena will sit on 21,500 square metres of land, with a capacity of 15,000 for basketball matches and up to 18,600 for concerts.
The budget for the Valencia Arena has been expanded from €192 million to €220, with building work expected to start in summer 2020 for a completion date in 2023.
The project is led by Spanish entrepreneur Juan Roig and his holding company Licampa 1617.
The arena’s capacity will surpass that of Madrid’s WiZink Center (15,500-cap.), which celebrated its 500th concert in 2018 and has seen performances from the likes of Queen, AC/DC, Bruce Springsteen, Elton John, Ed Sheeran and Beyonce.
“The arena will give Valencia a multi-use space which will position the city as a world-class destination for national and international entertainment events”
Upcoming shows at the Madrid arena include Nicky Jam, the Lumineers, Enrique Iglesias, Rosalia, Bryan Adams and Halsey. Other major indoor arenas in Spain include Barcelona’s Palau Sant Jordi (17,000-cap.) and Madrid’s Palacio Vistalegre (15,000-cap.).
The Valencia Arena project is a “personal and altruistic initiative” for Juan Roig, who is the president of Spanish supermarket chain Mercadona.
The aim, says Roig, is “to give Valencia a multi-use space which will position the city and the wider region as a world-class destination for national and international sporting, cultural and entertainment events.”
Valencia Arena is designed by sporting architects Hok and Valencia-based firm Erre.
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