Designed by the architect Eduardo Souto de Moura, this is one of the most emblematic contemporary architecture projects of the 21st century. One of the distinguishing features of this project is its location in a former quarry. Another unusual feature is the fact that this stadium only has two stands along each side of the pitch. Behind the goals are a view of the valley and part of the former quarry. The roofs over the stands, connected by cables, were inspired by the Pavilion of Portugal in Lisbon, designed by Álvaro Siza.
This project, built to host 2004 European Championships matches, was awarded the Secil Prize in 2004 (Architecture), and in 2005 (Civil Engineering).