Sports Investment Leaps in Saudi Arabia
Dr. Moanes Shujaa
The importance of sports and its practice is no secret to many, and perhaps what is indicated by the Kingdom's targets for Vision 2030, which is represented in improving physical and social well-being, healthy lifestyles and quality of life, the Ministry of Sports has identified five axes to create sports awareness and create a society dominated by physical activity activities.
On the sports side, the Ministry of Sports has identified five axes to create sports awareness and create a society dominated by physical activity activities.
<On the Investment The ministry achieved significant growth during a short period during 2020 and 2021, reaching six and a half billion Saudi riyals, and the size of the sports market in the Kingdom reached 30 billion riyals, according to the director of sports sector investments at the Ministry of Investment that the size of the market is expected to reach 84 billion riyals by 2030.
<In a previous article on the importance of sports investment ten years ago when I graduated from the Master of Sports Management in 2014 entitled “Privatization and Sports Investment”, I touched on the importance and necessity of an attractive investment environment for companies and investors, which began to be achieved thanks to God and then the Kingdom's Vision 2030, as His Royal Highness Crown Prince Mohammed bin Salman launched in June 2023 the investment and privatization project for clubs, through which four clubs have been started to transform four clubs into sports into companies, and the Public Investment Fund has invested in four clubs that will be converted into companies owned by the Fund and the second phase has begun to transform them into companies owned by the Fund. <These pioneering leaps at all levels have had a tangible impact on the local output of the national economy and sports investment in particular, which has made sports in the Kingdom the center of the world's attention, and perhaps the recent victory of the Kingdom in hosting the 2034 World Cup is proof of this.
@MounesShujaa
Real estate finance and performance specialist
