The promoter company affirms that “a clear, simple, identifiable name” was necessary and that it recognized the work of the businessman The venue is expected to help create 300 jobs in total The construction budget is around 280 million eurosEl Casal España Arena de Valencia, the future multipurpose venue that is being built in this city with funds from the Valencian businessman Juan Roig, has changed its name and will be renamed ‘Roig Arena’. This has been indicated by Licampa 1617, the Juan Roig company created to promote and carry out the construction of this infrastructure. The entity has indicated that the new name “responds to the need to establish a clear, simple, identifiable name that recognizes the legacy of Juan Roig and his family.” Licampa recalled, in a statement, that Roig Arena has “a budget of more than 280 million euros paid entirely by Juan Roig with his personal assets.” He also highlighted that the new multipurpose space will host “events of all kinds, positioning Valencia and the Valencian Community internationally.” 300 jobsThe society commented that according to the latest report by the Valencian Institute of Economic Research (Ivie) “this site, which will revert after 50 years in favor of the city of Valencia, will contribute to generating approximately 300 jobs (direct and indirect) and a economic impact (GDP) of more than 10 million euros per year” in the Valencian capital. The works on the site are currently in their second phase of execution (the one focused on the concrete and metal structure, roof, facade and floor slabs) after completing the first phase, focused on excavation, piling, screen walls and foundation slab. Phase 3, focused on finishing the Arena, has yet to begin. In addition to the construction of the Roig Arena, additional infrastructure is planned to be built in the space where it is located to revitalize the neighborhood. Among them are “the car park with more than 1,000 places that is already under construction, the future public park with green areas, the new headquarters of the Valencia Basket Club, a 1,200 square meter multipurpose room for multiple availabilities, the restaurant areas, and a wide range of seats, terraces and areas premium”. Licampa has pointed out that “to all this are added the already inaugurated facilities of the Les Arts public school in Valencia.