It is located on the grounds of the Paraguayan Olympic Committee and was purpose-built to be the host venue of the 2019 FIFA Beach Soccer World Cup.

[3] The Paraguayan Football Association (APF) put the stadium's construction contract out to tender on 15 October[4] which ultimately went to the consortium of Cima-Ritter.

[7] The constructors subsequently broke ground on the designated greenfield host site,[8] on land belonging to the Paraguayan Olympic Committee, in early January 2019, with the full works scheduled to last for seven months.

[9][10] On 16 July, the site was visited by APF president, Robert Harrison and a selection of FIFA delegates who viewed the progress of works firsthand.

[15] However, it was not officially opened until 9 November, two weeks before the World Cup for which it was primarily commissioned, during a ceremony in which FIFA president Gianni Infantino inaugurated the stadium under the name "Los Pynandi World Cup Stadium"[16] (Los Pynandi meaning "barefoot" in Guarani, the nickname of the Paraguay national team[2]).