A delegation of 25 British companies arrived at the headquarters of the Saudi Ministry of Investment. To explore key investment opportunities in the Kingdom’s sports sector.
The ministry held a workshop in the presence of relevant government and private agencies. In order to discuss key advantages for new investors in Saudi Arabia’s sports sector. As well as the development of the business environment in the country.
The British company ES Global and the Ministries of Sports and Investment signed a cooperation agreement during the workshop.
With a consortium of 25 British companies aiming to expand investments in sporting events across the country, explore alternative investment avenues, and pursue novel partnership opportunities that cater to the expanding sports sector of the Kingdom.
The Sports Ministry of Saudi Arabia is starting an ambitious five-year project. It is worth SR10.1 billion ($2.7 billion) to renovate current sports facilities and build new ones.
The bids of Saudi Arabia, Egypt, and Greece to host the prestigious FIFA 2030 World Cup. So that will not be complete without these projects.
The current top priority and significant project is to enlarge the five existing football stadiums in preparation for the 2022 AFC Asian Cup. The tournament will take place in the kingdom in 2027.
An additional agreement has been signed to enhance and advance the sports consultancy and marketing sectors by partnering with the British Global 13 company.