Exclusive: Abdulaziz bin Turki: Saudi General Sport Authority Undergoing Restructuring

Saudi Prince Abdulaziz bin Turki Al Faisal, Asharq Al-Awsat
Saudi Prince Abdulaziz bin Turki Al Faisal, Asharq Al-Awsat
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Exclusive: Abdulaziz bin Turki: Saudi General Sport Authority Undergoing Restructuring

Saudi Prince Abdulaziz bin Turki Al Faisal, Asharq Al-Awsat
Saudi Prince Abdulaziz bin Turki Al Faisal, Asharq Al-Awsat

Saudi Prince Abdulaziz bin Turki Al Faisal has said that “the latest steps taken by the Kingdom's Vision 2030 are visible.”

Speaking to Asharq Al-Awsat on the sidelines of a UK forum, Prince Abdulaziz said that “the sports sector is witnessing changes pivoted on the economic sports sector.”

“We are currently studying the governance of sports economy and the role of the General Sport Authority in granting licenses, means and regulations to any concerned private sector party.”

Faisal added that the government seeks to facilitate the process of entering the Saudi sports sector, whether it is for investment reasons or for building academies or for developing athletes.

He pointed out that this will lead to the restructuring of the General Sport Authority.

He added that the Crown Prince’s historic visit to the UK opens the way for the General Sport Authority to learn and benefit from experiences existing in Britain (in both public and private sectors).

As for Saudi Arabia hosting the Olympics one day, Faisal said: "Why not?"

“We are restructuring the Olympic Committee, and one of the most important conditions is to increase the number of Saudis in international sporting events.”

“We are still at the beginning of the road, but we aspire towards reaching that goal.”

More so, the Saudi General Sport Authority signed on Thursday a memorandum of understanding with the PGA European Tour in cooperation with King Abdullah Economic City.

The European Tour is an organization which operates the three leading men's professional golf tours in Europe.



UAE: US Companies Sanctioned Over Sudan Do Not Operate in the Emirates

The Emirati Justice Ministry logo
The Emirati Justice Ministry logo
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UAE: US Companies Sanctioned Over Sudan Do Not Operate in the Emirates

The Emirati Justice Ministry logo
The Emirati Justice Ministry logo

The Emirati Justice Ministry on Friday said that the seven companies based in the United Arab Emirates and sanctioned by the US over Sudan do not own valid business licenses or operate locally.

The US has designated seven entities based in the Emirates under its Sudan sanctions program.

These entities include Capital Tap Holding LLC, Capital Tap Management Consultancies LLC, Capital Tap General Trading LLC, Creative Python LLC, Al Zumoroud and Al Yaqoot Gold & Jewellers LLC, Al Jil Al Qadem General Trading LLC, and Horizon Advanced Solutions General Trading LLC.

“Upon notice of the sanctions designations, the UAE initiated its own investigation into the entities and related individuals, seeking additional information from US authorities to support these investigations,” the Ministry said in a statement

It also confirmed that none of the seven entities hold an active business license in the UAE, nor are they currently operating in the UAE.

Relevant UAE authorities continue to monitor any potential suspicious activity in accordance with applicable UAE laws, the Ministry added.