Saudi Press

Saudi Arabia and the world
Wednesday, Jul 24, 2024

UK Investors Encouraged to Enter Saudi Sports Market

UK investors have been invited to explore opportunities in Saudi Arabia’s sports sector, projected to be valued at one-dollar 22.38 billion by 2030. Key industry figures highlighted the significant growth potential and existing market value of one-dollar 8 billion. The event underscored opportunities in technology, infrastructure, and esports investments.
UK investors have been invited to explore opportunities in Saudi Arabia’s sports sector, projected to be valued at one-dollar 22.38 billion by 2030.

Speaking at the UK-Saudi Sports Investment and Innovation Forum in London, Basim Ibrahim, the Director of Sports Sector Investment Development at the Ministry of Investment, shared that the current market value is around SR30 billion.

Organized by the Saudi Chambers of Commerce and the Saudi British Joint Business Council, the forum was part of the UK-Saudi Sustainable Infrastructure Summit.

Notable speakers included Turki Al-Fawzan, CEO of the Saudi Electronic Sports Federation, who highlighted that 67 percent of Saudi citizens enjoy electronic sports, and Mohammed El-Nemer, vice chairman of the Saudi British Joint Business Council, who reported an annual growth rate of 12 percent in the sports sector between 2018 and 2023.

The event underscored opportunities in various sports investments, with discussions covering technology, infrastructure, esports, and quality of life initiatives.

Related Articles

Saudi Press
World's Hottest Day Recorded on July 21
Sri Lanka Apologizes for Forced Cremation of Muslim Covid Victims
President Biden Returns to White House After Testing COVID Negative
Trump Says Kamala Harris Would Be Easier Election Opponent Than Biden
4.7 Magnitude Earthquake Strikes Northwestern Turkey
Hacking Vulnerabilities: Androids vs. iPhones
Israel Conducts First Direct Air Raid on Yemen's Hodeidah Port
Joe Biden Withdraws from 2024 US Presidential Race
A Week of Turmoil: Key Moments in US Politics
Elon Musk's Companies Drop CrowdStrike After Global Windows 10 Outage
US Criticizes International Court's Opinion on Israeli Occupation
Netanyahu Denounces World Court Ruling on Israeli Occupation
Adidas Drops Bella Hadid Over Controversy
Massive Flight Cancellations Across the U.S. Due to Microsoft Outage
Russia Accuses Ukraine of Using Chemical Weapons
Ursula von der Leyen Wins Second Term as European Commission President
Japan to Allocate $3.3 Billion to Ukraine Using Frozen Russian Assets
Google and Microsoft Now Consume More Power Than Several Large Countries
Increased Security for Trump After Assassination Threat
New AI Chipset Set to Revolutionize ChatGPT
Thai-Saudi Investment Roadshow Yields 100 Partnerships
Trump Media Shares Surge Following Re-Election Bid Boost
Russia's Electronic Warfare Neutralizes Western Weapons in Ukraine
Trump Challenges Biden to Debate and Golf Match
Macron Accuses Israeli Minister of Election Interference
US Senator Highlights Weaknesses in Western Military Industry During Ukraine Conflict
George Clooney Urges Biden to Withdraw from Presidential Race
Political Shift in the UK: A Detailed Analysis of Labour's Victory and Future Prospects
Viktor Orbán's Peace Mission: A Diplomatic Controversy in the EU
UAE Court Sentences 43 to Life Imprisonment Over Terrorist Links
Spain PM Pedro Sanchez Denounces Double Standards on Gaza at NATO Summit
Biden Affirms Commitment To Presidential Race
Putin Hosts PM Modi for a Private Meeting
2024 Predicted to Be World's Hottest Year
Iran's President-Elect Masoud Pezeshkian Reiterates Support for Hezbollah
Biden Insists on Continuing Presidential Race Amid Criticism
Macron Faces New Political Challenges Despite Election Relief
US Officials Resign Over Biden's Gaza Policy
Campaigners Push for Emergency Uplift Visa for Palestinians Escaping Gaza Conflict
Netanyahu Criticizes Release of Gaza Hospital Head
UK Government and British Airways Sued Over 1990 Kuwait Hostage Incident
Afghan Women's Rights Declared Internal Issue by Taliban
UK Appeals to ICC May Delay Arrest Warrants for Israeli Leaders
ZATCA Allows Non-citizens to Participate in Auctions
UK Investors Encouraged to Enter Saudi Sports Market
Saudi Arabia's Remarkable Position for Sustained Economic Growth
Iran's Presidential Election: A Close Race
Iran Threatens Retaliation if Israel Attacks Lebanon
EU Enforces Sanctions on Hamas Financiers
Turkey Removed from Financial Watchdog's Grey List