The Ministry of Sports stipulated that investments should not affect the club's facilities, in addition to not building on stadiums and spaces allocated for sports activities, and that the investment plan must be submitted to the Ministry to request approval.
Ministry of Sports.
<Each club is required to implement a number of articles and requirements, related to submitting bids, opening bids, examining bids and awarding them, drafting contracts and their implementation periods, bank guarantees, investment returns and operational costs, also including the formation of an investment committee consisting of five members, three members of the board of directors, and two members with experience in the field of investment.
The duration of the investment contract is determined according to the nature of the project, after the club's approval and approval of the Ministry of Sports, where the club company has the right to invest land for five years for white lands without any type of construction, existing facilities owned by the club, buildings and facilities
As for contracts up to a maximum of 15 years, sports centers, wedding halls, shops and the like can be established, and contracts up to a maximum of 20 years, the land can be invested to establish projects, such as: Hotels, residential apartments, major commercial complexes, and the like.
It is noteworthy that the Ministry of Sports has initiated qualitative and accelerated steps to attract investors and diversify income sources by providing more investment opportunities in the sports sector, as it approved the establishment of a number of companies affiliated with clubs to invest their resources to stimulate the growth of the sports economy and increase the clubs' financial resources, in addition to offering a number of sites belonging to the Ministry of Sports for investment.
