The Saudi Ministry of Sport announced on Wednesday evening the start of the second phase of the second track in the project to invest and allocate to sports clubs, in coordination with the National Center for Allocation
This is in accordance with the decision of the Council of Ministers issued on Tuesday, 2 July 2024, approving the project document for the allocation of 14 sports clubs of various de>or allocation to local and international investors: Zulfi, Ennahda, Groove, Ansar, Araba and Immortality.
Investors wishing to compete for these clubs can access the investors portal via the NTC website and obtain the necessary requirements and information from early August.
This is followed by the completion of the rollout of the rest of the eight clubs respectively: Torch, Hajar, Star, Riyadh, Kindergarten, Jeddah, Esperance, Sahel.
The project on investment and allocation of saudi sports clubs was launched through two main tracks; The first is to approve the investment of development companies and destinations in saudi sports clubs, in exchange for the transfer of ownership to them, where 8 clubs are included.
The second track is the introduction of a number of sports clubs for allocation, which began by registering the interest of those who want to invest locally and globally in sports clubs as the first stage of the track, to complete the track at the current stage.
