RIYADH: Saudi Arabia’s Ministry of Sports held a forum in Riyadh on Monday to boost private investment in the Kingdom’s sports.
Investors, sport officials, and heads of Saudi sports clubs took part in the Sport Investment Forum, under the patronage of sport minister Prince Abdul Aziz bin Turki Al-Faisal.
Abdul Ilah Al-Dalak, assistant minister of sport, called for strengthening partnerships between sports clubs and the private sector, supporting partnerships with investors and creating an attractive investment environment.
Abdullah Al-Khorayef, a member of the board of directors of the Riyadh Chamber, which co-hosted the event, said the forum comes at a time when the Kingdom is experiencing an economic recovery, particularly in the sports sector.
| Sports & investment under one roof in the Sport Investment Forum #SportsInvestment pic.twitter.com/iMtOBPvPWT
— Ministry of Sport (@gsaksa_en) August 30, 2021
The forum reviewed best practices of cooperation between clubs and investors and speakers included Timothy Bridge, director in the sports business group at Deloitte, David Dein, ambassador for the English Premier League and Football Association, Yasser bin Hassan Al-Misheal, the president of the Saudi Arabian Football Federation, and the presidents of Al-Shabab Club Khalid Al-Baltan and the Al-Nassr Club Musalli Al-Muammar.
The forum aims to enhance investment opportunities in Saudi sports clubs, and stimulate the private sector to enter into sports investment and take advantage of the opportunities available.
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