SIF Emphasizes Government’s Support for Sports as a Sustainable Economic Driver
- Abida Ahmad
- 2 days ago
- 1 min read
Riyadh, April 12, 2025, The Sports Investment Forum (SIF) launched its first session today in Riyadh under the title: From Vision to Implementation: Government Integration to Achieve Investment Growth Goals in Sports.
The session featured the participation of Vice Minister of Sport Badr Al-Kadi, Vice Minister of Tourism Princess Haifa bint Mohammed, and Assistant Minister of Investment Ibrahim Al-Mubarak.
Vice Sport Minister Al-Kadi emphasized that achieving the objectives of the National Sports Strategy requires cross-sectoral integration. He described the sports sector as a strategic partner in driving national development and advancing Saudi sports.
Vice Tourism Minister Princess Haifa highlighted that the forum is the result of private sector initiatives and aligns closely with the objectives of Vision 2030. She underscored the role of sports in advancing the tourism sector and noted that such events help generate job opportunities and support economic growth.
She pointed out that the Kingdom currently attracts approximately 24 million tourists annually to attend sports events and activities, generating around SAR22 billion in spending.
Assistant Investment Minister Al-Mubarak stated that the Kingdom has achieved significant milestones across numerous sectors since the launch of Vision 2030, including the sports sector, which demonstrates its promising investment potential. He added that Vision 2030 is supported by comprehensive national programs and strategies involving all stakeholders.