Ruse Municipality agreed to purchase the multiple-floor underground parking of the sports hall in 2013 and financed construction with BGN 11 million provided by the national budget.

After numerous postponements, the mayor of the city announced an opening date of July 23, 2015 with a concert by renowned Bulgarian singer Lili Ivanova.

The venue was also a host of the World Volleyball Grand Prix, where the national team of Bulgaria played against Kazakhstan, South Korea and Germany.

After a temporary pause in sporting events during the coronavirus pandemic, the 2021 Women's European Volleyball Golden League tournament took place in the arena in June 2021.

Significant events have included Michael Flatley's Lord of the Dance, as well as British hard rock bands Nazareth and Uriah Heep.

[8] Later in the year Arena Ruse hosted a show by Sukhishvili Georgian National Ballet, and Goran Bregović nearly sold-out a concert with over 5,000 attendees.