Saudi Sports Ministry launches 5 clubs for investment
The Saudi Ministry of Sport and the National Center for Privatization announced the offering of five sports clubs to investment entities: Al-Riyadh, Abha, Al-Fateh, Al-Tai, and Al-Shoula. This aims to empower the private sector to invest in these clubs. It is part of the privatization plan and ongoing efforts to develop the sports sector, with a final deadline for submitting qualification applications set for July 5th. The ministry is working to prepare the clubs to ensure their readiness and attract serious investors, thereby achieving sustainability and economic benefits for the projects.
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