Riyadh, July (پاکستان پوائنٹ نیوز 16 يوليو 2026ء) The joint venture will serve as a strategic platform for SURJ and PIF, combining deep local insight with global expertise to service Saudi Arabia’s growing portfolio of world-class stadiums, arenas and major sports precincts.
radia will become a fully integrated venue‑services platform, supporting the full lifecycle of sports venues and precincts, from early‑stage design review and operational planning to development oversight, operations, and commercialization. Through partnerships, digital and data-driven capabilities, enhanced fan experiences, and a focus on sustainable venue solutions, radia will help turn new infrastructure into commercially successful destinations.
radia will be led by Xavier Campbell, who has been appointed Chief Executive Officer of the joint venture. Campbell has played a key role in shaping radia's business model and will lead the company's market entry and long-term growth strategy.
The launch of radia is in line with PIF’s ongoing commitment to the sports sector, which lies within the tourism, travel and entertainment ecosystem in PIF’s recently announced 2026-2030 strategy.
CEO of SURJ Sports Investment Danny Townsend said: “This partnership marks a defining milestone in both PIF and SURJ’s mission to build a future-ready sports sector in Saudi Arabia, one that delivers today while creating a lasting legacy for generations to come. Working alongside two of the world’s most respected industry leaders positions SURJ at the forefront of venue innovation and fan experience. Through this collaboration, we are not only supporting the rapid growth of Saudi Arabia’s sports ecosystem but also future-proofing its infrastructure, expanding access to world-class fan and visitor experiences, and ensuring Saudi Arabia is equipped to deliver unforgettable moments."
Chairman of Live Nation in Europe, middle East and Asia (EMEA) John Reid added: “Live Nation has been working and investing in Saudi Arabia since 2017, and this partnership builds on that long-term commitment. By bringing our expertise in programming venue operations and live events, we’ll help build venues and experiences that work for artists, athletes, audiences and the wider industry."
CEO of Oak View Group Chris Granger remarked: "World-class sports and entertainment venues are economic and cultural engines. When done well, they create jobs, attract tourism, and stimulate further development. Perhaps more importantly, they become gathering places where communities celebrate, connect, and create shared memories across generations."
The radia partnership will help deliver on the growth in Saudi Arabia’s sports sector through collaboration, sustainability, and fan-centricity at its core while creating a world-class sports and entertainment ecosystem.
