Fortune 500 Arabia’s Post

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#ZeeVentures: Saudi Arabia Approves Designs for the World's Tallest Sports Tower in Riyadh Last July 10, 2024, Saudi Arabia officially approved the designs for the Global Sports Tower, poised to become the tallest sports tower in the world. According to the Saudi Press Agency, this landmark will be a key element of the Sports Boulevard project in Riyadh. The Global Sports Tower will stand at 130 meters and encompass an internal area of 84,000 square meters. It will feature more than 30 sports facilities, including a 98-meter-high indoor climbing wall, which is expected to be the tallest in the world. Initiated in 2019, the Sports Boulevard project spans over 4.4 million square meters of green spaces and up to 50 sports facilities. This initiative is one of four major projects launched by King Salman in March 2019 and is integral to the Saudi Vision 2030. The project aims to promote a healthy lifestyle among Riyadh’s residents, offering 135 kilometers of pathways for pedestrians, cyclists, and horse riders. Crown Prince Mohammed bin Salman, who oversees the project, emphasized its significance in enhancing the quality of life through increased physical activity and sports participation. This development forges Saudi Arabia's commitment to the Vision 2030 goals, focusing on health, wellness, and transforming Riyadh into a global sports and recreational hub. What are your thoughts?

Ministry of Sports Announces Tender for the Expansion of Prince Faisal bin Fahd Stadium in Riyadh to 45,000 Seats 🔸️ #SaudiArabia has launched a massive expansion project for the Prince Faisal bin Fahd Stadium in #Riyadh. 🔸️ The project aims to increase the stadium's capacity from 22,200 to 45,000 seats as part of the #Kingdom's preparations to host the 2027 Asian Cup. 🔸️ This step reaffirms Saudi Arabia's commitment to developing its sports #infrastructure and enhancing its position as a regional and international #SportsHub. 🔸️ The expansion includes: ▪️ Increasing the number of stands. ▪️ Building new facilities, including changing rooms, #hospitality areas, and parking lots. ▪️ Upgrading sound and lighting systems. ▪️ Improving accessibility for the disabled. 🔸️ The expansion is scheduled to be completed before the 2027 Asian Cup, which will be held in Saudi Arabia for the first time in its history. 🔸️ This tournament is one of the most significant sports events in Asia and is expected to attract millions of fans from all over the world. 🔸️ By hosting this tournament, Saudi Arabia aims to: ▪️ Enhance its position as a #SportsTourism destination. ▪️ Support the national economy. ▪️ Create new #JobOpportunities. ▪️ Inspire a new generation of Saudi athletes. 🔸️ The expansion of Prince Faisal bin Fahd Stadium is part of a comprehensive plan to develop the sports infrastructure in Saudi Arabia, which also includes building new stadiums and renovating existing ones. 🔸️ These efforts are in line with Vision 2030, which aims to make the Kingdom a leading center for sports and entertainment in the region.

The Arab Republic of Egypt is considered one of the best countries in the world in the field of sports camps for several reasons, the most important of which is The distinguished  location of Egypt, which is located in the middle of the world, results in ease of travel to Egypt by air, as all international airlines have regular flights at reasonable prices, and the availability of airports in all Egyptian cities and regular flights by EgyptAir, as well as the stable and average climate of the Arab Republic of Egypt. In temperatures, cold and humidity, which is one of the most important reasons for the success of any camp or sporting activity and achieving the maximum benefit for sports teams. https://lnkd.in/dxjVAX8G

Dive Into the Saudi Sports Ecosystem 🇸🇦🌟 🔍 Looking to explore the sports scene in Saudi Arabia? Whether you're an expat or a Saudi national, our guide has you covered: 🚀 Dynamic Landscape: Discover Saudi's journey to becoming a global sports hub. ⚽️ Grassroots to Mega-Events: Insights on nurturing talent and hosting international competitions. 🏆 Investment Opportunities: Learn about infrastructure and investment in the sports sector. 🏋️♂️ Get Involved: Find out how you can participate in or contribute to the growing sports ecosystem. Start exploring now: https://lnkd.in/dcP76MXW #SaudiSports #Explore #Discover

🌐 Igniting Sporting Excellence: Saudi Arabia's Gateway to Global Impact! 🌟 Barcelona, the New York Yankees, the Lakers, the Chicago Bulls, and Real Madrid, who I had the pleasure of watching last night, are all good examples of legendary teams. Last night, I realised how passionate Saudis are about football and how popular Real Madrid is. But one thought sprang to mind: How does Saudi Arabia develop renowned sporting teams? In the heart of Vision 2030, Saudi Arabia has an unparalleled opportunity to capitalise on sports brand activation as a catalyst for growth and worldwide awareness. Beyond jerseys, it's about crafting immersive experiences that resonate with fans globally. Engaging events, technological advancements, and memorable marketing campaigns can propel Saudi athletes into international stardom, creating legends on a global stage. Saudi Arabia can inspire a new generation to love sports by displaying the country's passion for it. Let us leverage the power of brand activation to catapult Saudi Arabia to the forefront of the global sports community. 🇸🇦🏆 #SaudiSports #BrandActivation #GlobalImpact #Vision2030Sports #riyadhseason #riyadhexpo2030 #saudigames #ksaevents

 Sports Tourism is Booming in the Middle East! 📈✨   Which sports marketing campaign has impressed you the most in attracting fans to the region?   In 2023, the Middle East welcomed a record 87.1 million international visitors—a 22% increase over 2019, driven in a significant part by the region’s rapidly expanding sports tourism sector. 🚀   What’s driving this growth?   ⚽ FIFA World Cup Qatar 2022 effect: Qatar’s successful hosting of the World Cup has reshaped the region’s image, making it a key destination for elite sporting events. Initiatives like Qatar Airways' all-inclusive travel packages for sports fans have further improved Qatar’s appeal to international visitors.   ✈️ Sports continue to put UAE on the map: For a number of years successful global sports partnerships for both Etihad Airways and Emirates have helped to make the UAE the most visited country in the Gulf. With world leading events like the Formula 1® Etihad Airways Abu Dhabi Grand Prix and the Emirates Rugby Sevens, the UAE continues to attract both local and international tourists through high-profile sporting events.    🥊 Riyadh Season | موسم الرياض and mega-events: Saudi Arabia's Riyadh Season, featuring lucrative boxing matches and entertainment spectacles, has positioned the Kingdom as a new player in the global sports tourism market.   🌍Tourism Boards: Qatar Tourism and Experience Abu Dhabi have partnered with UEFA and Formula 1 to highlight their cultural attractions. A lucrative campaign between Lionel Messi and Visit Saudi has also given the region great visibility.   With the UAE, Qatar and Saudi Arabia emerging as key destinations, the Middle East is rapidly becoming a leader in global sports tourism. Strategic events, investments, and international sponsorships are driving this transformation.   info@mesifglobal.com www.mesifglobal.com   #MESIF #SportsTourism #MiddleEast #RiyadhSeason #VisitQatar #AbuDhabiGP #EmiratesRugbySevens #F1QatarGP #ExploreMiddleEast #WorldCupLegacy #GlobalSportsSponsorship

Inter Milan Kicks Off a New Era in Saudi Sports. Inter Milan has officially secured an investment license to establish Inter Academies across Saudi Arabia, a landmark move supported by the Ministry of Investment and Ministry of Sports. 🔹 This strategic initiative aims to develop local sports talent and transfer global expertise to the Kingdom, aligning with Saudi Vision 2030. 🔹 The Saudi sports market is projected to reach $318.30 million by 2029, growing at an annual rate of 3.25%! 🔹 Inter Milan will collaborate with local businesses to build a promising sports future, fostering youth and women's football development while enhancing fan engagement in the Middle East. As Saudi Arabia continues to expand its global presence, this partnership exemplifies the power of international collaboration and foreign direct investment in shaping the Kingdom's future. With Inter Milan at the helm, we can look forward to a thriving sports landscape that nurtures the next generation of Saudi athletes. #SaudiVision2030 #SportsDevelopment #FDIPromotions #BusinessMatchmaking #StrategicPartnerships #InvestmentOpportunities #SaudiSports #FootballAcademies #HNIAdvisory #YouthDevelopment #RealEstateInvestment #KSAOpportunities #Shan

"For Saudi Arabia, sport and entertainment are more than just an economic driver. They bring enablers of broader societal change." James Bulley has written an opinion piece for Arab News, where he explores the role of sport and entertainment in Saudi Arabia's transformative period. Read the full article here 👇 https://lnkd.in/dwV7FKyZ 

Palms Sports, a company specialized in sports management, one of the subsidiaries of the Fortune 500 Arabia-listed International Holding Company (International Holding Company (ADX:IHC)), has won the operational and management rights for the Al Qalaa Al Hamra complex, which is called the "project of the century" and is affiliated with the Egyptian Al Ahly club. Palms Sports is part of a global coalition of 16 international companies and entities responsible for developing the Al Qalaa Al Hamra complex, located in Sheikh Zayed City in Cairo. It includes a stadium with a capacity of 40,000 fans in the first phase, in addition to sub-stadiums, a mall, a sports medicine hospital, a museum, and an educational complex that includes schools and a private university, according to Palms Sports disclosure. Investments in the Al Qalaa Al Hamra complex project exceed EGP 5 billion (USD 105.19 million) and its implementation period ranges from two to five years. IHC came in 16th place among the companies listed on the Fortune 500 Arabia list for the year 2023, which includes the largest 500 companies in the Arab region and North Africa in terms of annual revenues. The Emirati company's revenues amounted to AED 50.9 billion (USD 13.9 billion) in 2022, compared to AED 28.6 billion (USD 7.8 billion) in 2021. https://lnkd.in/eS2wvZfU #Fortune500Arabia