Tag: private sector

Saudi Arabia dynamic move on key sports venues

Article posted by Coliseum, May 28^th, 2025

Saudi Arabia has unveiled a major initiative to open up the key sports venues to private sector investment signaling a significant step forward in the Kingdom’s efforts to transform the industry. ‘ARAB NEWS’ stated that announced by the Ministry of Sport the Sports Facilities Investment... » Read more

Saudi Arabia transfer ownership of 14 clubs

Article posted by Coliseum, December 16^th, 2023

The Ministry of Finance (Saudi Arabia) has officially announced the transfer of ownership of 14 clubs to the private sector as part of its privatization program. A ‘LinkedIn Post’ stated that the above decision has been reached with the aim of developing sports clubs to operate as independent... » Read more