Saudi Arrow Federation Board Chairman Stresses Importance of Sports Club Privatization Project

The Chairman of the Saudi Arrow Federation Board, Mishal bin Abdul Mohsen Al Hoqair, has emphasized the significance of HRH Prince Mohammed bin Salman bin Abdulaziz’s launch of an investment and sports club privatization project. According to Al Hoqair, this decision is a historic one that will contribute towards achieving the goals of the Saudi Vision 2030, stimulate the private sector, and create an attractive environment for investment in the sports sector.

An Opportunity for Growth and Investment

Al Hoqair believes that the privatization of sports clubs in Saudi Arabia presents a great opportunity for growth and investment in the country. Last week, official statistics from the Bureau of Statistics revealed that 63% of the Kingdom’s population is under 30. This demographic shows a promising sector for the sports industry, especially football, and has the potential to turn passion and love for sports into a real industry with financial returns.

Building a Dynamic Society through Sports

The Chairman of the Board of Directors of the Saudi Shooter Federation explained that the goals of Vision 2030 include building a dynamic society that incorporates sports as a way of life, not just a hobby or pastime. Sports are an integral part of tourism, culture, arts, and entertainment, and can contribute significantly to the country’s economy.

The sports club privatization project is a promising step towards achieving this vision and creating a thriving sports industry in Saudi Arabia.