Billionaire building biggest arena in the COUNTRY near Spain’s Costa Blanca in hope to attract stars like Beyonce, Ed Sheeran and Elton John

VALENCIA is set to receive the largest arena in the country. 

The multi-purpose venue will sit on 21,500sqm of land with a capacity of 18,600 for concerts and 15,000 for basketball matches.

Coming in at around €220 million, construction is expected to begin next summer for completion 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), which has welcomed the likes of Queen, AC/DC, Bruce Springsteen, Elton John, Ed Sheeran and Beyonce over the years.

The Valencia Arena project has been described as a ‘personal and altruistic initiative’ for Juan Roig, who is the president of Mercadona, Spain’s most successful supermarket.

“The aim 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,” Roig said.

Valencia Arena is designed by sporting architects Hok and Valencia-based firm Erre.