• Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
Saudi Business News
Tuesday, May 13
23:43
33 °c
Riyadh
No Result
View All Result
Saudi Business News
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
No Result
View All Result
Saudi Business News
No Result
View All Result

HomeInvestmentSaudi Arabia Invites Global Investment in Sports Clubs

Saudi Arabia Invites Global Investment in Sports Clubs

Privatization Drive to Boost Sports Economy

May 10, 2024
in Investment, Vision 2030
Reading Time: 1 min read
152
SHARES
1.9k
VIEWS
Share on FacebookShare on XShare on LinkedInShare on Telegram

The Saudi Ministry of Sports has opened doors for global investors to engage in the kingdom’s sports clubs, signaling a significant move towards the enhancement of the sector. In collaboration with the National Center for Privatization, the Ministry initiated the second phase of its investment and privatization strategy for sports clubs on Sunday.

This initiative, championed by Crown Prince and Prime Minister Mohammed Bin Salman, aligns with the transformative Saudi Vision 2030 goals. It is designed to invigorate the private sector’s role in fostering and developing the sports industry, with a focus on benefiting national teams and local sports clubs.

RelatedPosts

Vision 2030 Progress: Saudi Arabia Achieves 93% of Key Goals

Egypt-Saudi Investment Deals Boost Sectors

Energy Investment Agreement Boosts US-Saudi Partnership

As part of the second phase, the Ministry is inviting expressions of interest from both domestic and international entities eager to invest in the sports realm. This call to action serves as the preliminary step in the comprehensive bidding procedure. Prospective investors are encouraged to visit the Ministry’s official website to provide the necessary information for participation.

Introduced last June, the sports clubs investment and privatization project is driven by three strategic imperatives. These are to establish a conducive environment for investments in the sports domain, aiming for a robust and enduring sports economy, to augment the organization, professionalism, and governance in the administrative and financial management of sports clubs, and to upgrade infrastructure, thereby enhancing the overall experience for sports enthusiasts.

Tags: global investorsprivatizationSaudi Ministry of SportsSaudi Vision 2030sports clubs investment
Share61Tweet38Share11Share

© 2025 Copyright, Saudi Business News

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line

© 2025 Copyright, Saudi Business News

Go to mobile version