الاستثمار في الرياضة

With the support of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, His Royal Highness Crown Prince Mohammed bin Salman, and His Royal Highness Minister of Sports Prince Abdulaziz bin Turki Al-Faisal - may God protect them - the Kingdom seeks to support sports, which contributes to an increase in the gross domestic product, achieving sustainability in the national economy, enhancing the quality of life in Saudi sports, and working towards achieving sports excellence both locally and internationally.

The Saudi Ministry of Sports has worked on developing legislation and sports systems in the Kingdom, enhancing its components, expanding the base of sports practitioners, encouraging investment in the sports sector, and attracting local and international sports investments. Investment opportunities available in sports activities have been activated, increasing the rate of sports participation in various sports games, marketing investment areas in Saudi sports across different fields, and diversifying sports investments. The process of sports investment in Saudi sports clubs is subject to conditions set by the Ministry of Sports before granting approval for the establishment of investment companies, achieving strategic criteria to support Saudi clubs and providing a comprehensive investment environment to support the sports economy of Saudi clubs.

All clubs benefit from investments, establishing an investment entity that governs the investment process, operating all investment contracts for sports clubs in Saudi Arabia, owning all investment rights related to the club, its projects, marketing them, operating and selling them, managing all relationships with investors, and establishing subsidiary companies inside and outside the Kingdom.

It also ensures efforts in sports investment, attracting investors, and opportunities for sports investment in the Kingdom, working to establish an attractive investment system to encourage the private sector to invest in Saudi sports clubs, enabling them to invest their sports resources to stimulate the growth of the sports economy in the Kingdom, and increasing the financial resources of all clubs. It aims to develop the Saudi sports industry and increase investment rates in Saudi clubs, making them more capable of facing challenges, as the Kingdom enjoys a global and local sports presence, qualifying it for expansion in sports investment, contributing to supporting sports in the Kingdom, economic investment in activities, and sports events, and providing an attractive environment for investment in the Saudi sports sector.

Significant leaps have also been achieved in various activities and Saudi sports, creating a distinguished generation of athletes on the local, regional, and global levels, which achieves the desired benefits for national teams. The allocation of Saudi clubs will change the structure of sports in the Kingdom, elevating it to the global ranks, as the reputation of sports in Saudi Arabia has become international.

The directions of the Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince - may God protect them - and their support for sports throughout the Kingdom, along with their keenness to provide a suitable environment for everyone through the Ministry of Sports and its young, active minister, open promising horizons and opportunities that will drive the youth of the nation towards a bright future and contribute to the growth of Saudi society.

* Saudi Writer

AhmedAljubair@