Saudi World Cup Construction: how the ksa is setting ambitious projects for an unforgettable world cup.
Aligned with Saudi Vision 2030, launched in 2016 to propel the kingdom towards economic dynamism and regional prominence, Saudi Arabia is swiftly redefining its trajectory. At the heart of this vision lies a robust focus on infrastructure development and sports facilities preparation, in readiness to host significant global tournaments: the FIFA World Cup 2034 and the Asian Cup 2027. Spearheading this sporting metamorphosis, the Public Investment Fund (PIF) unveiled a substantial $2.3 billion investment in football sponsorships in 2022. This financial commitment gained further traction in June 2023, as PIF secured controlling stakes in four leading Saudi Professional League clubs: Al-Nassr, Al-Ittihad, Al-Ahli, and Al-Hilal. Moreover, Saudi Pro League clubs have allocated nearly $1 billion towards acquiring world-class football talents, as underscored by recent reports plus allocating funds for constructing football fields and renovating existing one’s.
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