The project is expected to be finalised in early 2025. Credit: SGAF/NCC/Cision.

Swedish construction company NCC is set to renovate and upgrade the Avicii Arena, an indoor multi-arena in Stockholm, Sweden.

NCC will take up this turnkey contract by partnering with Stockholm Globe Arena Fastigheter (SGA Fastigheter), which is wholly owned by the city of Stockholm.

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The order is worth approximately Skr700m.

Stockholm Globe Arena was renamed Avicii Arena two years ago. Established in 1989, it is said to be one of Sweden’s most popular event venues.

NCC built the arena in 2010, along with the accompanying SkyView glass gondolas.

SGA Fastigheter CEO Mats Viker said: “For a number of years, and within the framework of Stockholm City Council’s decision, SGA Fastigheter has been working on identifying the optimal manner in which to upgrade the fantastic Avicii Arena wisely and responsibly, Globen, for the future.

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“We have engaged some of Europe’s foremost international consultants in designing the renovation and we are now welcoming NCC as a partner so that we can work closely in partnership to ensure that the iconic arena continues in its role as one of the world’s most fantastic arenas.”

The contract includes the rehabilitation and refurbishment of the arena facility, with the arena’s adaptability to be improved to provide a better audience experience.

NCC will also construct additional gondola lounges and a ring above the equator of the arena. The ring structure will be used to build a new rig and a structure for moveable panels.

The project is expected to be finished in early 2025.

NCC will record this order in its second quarter bookings under its Building Sweden business segment for 2023.