Saudi Arabia's investment in sports

The Kingdom has spent large amounts to secure involvement in global sporting events, part of efforts to present Saudi Arabia as a newly business-friendly, forward-thinking nation

It has invested1.5bn in high-profit international sporting events in a bid to bolster its reputation

including:

- $145m in a three-year deal with the Spanish football association.

- $15m in appearance fees for a single Saudi Arabia international men’s golf tournament

- $60 million alone on the Saudi cup ( the world’s richest horse-racing event)

- $33m to host the Saudi Arabia masters snooker tournament in the kingdom.

- $100m for the boxing match known as the “clash on the dunes” between Andy Ruiz Jr and Anthony Joshua in 2019.

- Along with, kingdoms $650m ten-year formula one.

And there are far too many other sports in which Saudi Arabia has invested.

‎‏eventually, “The kingdom is proud to host and support various athletic and sporting events which not only introduce Saudis to new sports and renowned international athletes …

but also showcase the kingdom’s landmarks and the welcoming nature of its people to the world,” said Fahad Nazer, spokesperson for the Saudi Arabia embassy in Washington.

written by: Rasha Mustafa makhdoum