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Saudi Ministry of Sport to Support NEOM’s Aim to Become Global Sports Hub

The Saudi Ministry of Sport signed an MoU with NEOM to support its plan to become a world-leading destination for sports. (NEOM)
The Saudi Ministry of Sport signed an MoU with NEOM to support its plan to become a world-leading destination for sports. (NEOM)
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Saudi Ministry of Sport to Support NEOM’s Aim to Become Global Sports Hub

The Saudi Ministry of Sport signed an MoU with NEOM to support its plan to become a world-leading destination for sports. (NEOM)
The Saudi Ministry of Sport signed an MoU with NEOM to support its plan to become a world-leading destination for sports. (NEOM)

The Saudi Ministry of Sport signed on Monday a Memorandum of Understanding (MoU) with NEOM to support its plan to become a world-leading destination for sports.

The agreement was signed by Prince Abdulaziz bin Turki Al Faisal, Minister of Sport, and Nadhmi Al Nasr, CEO of NEOM, in the presence of Abdul Ilah bin Saad Al-Dalak, Assistant Minister of Sports, and Jan Paterson, Sector Head of Sport at NEOM.

The partnership will enable NEOM to deliver its strategic objectives and align with the Ministry of Sports’ vision through building an active society, the advancement of youth and women in sport and the creation of job opportunities in the sector, read a statement by NEOM. The agreement also includes cooperation between the two parties in Formula E in line with NEOM’s vision for sustainable sports.

The MoU comes as the Ministry of Sport seeks to develop the sector in the Kingdom in line with Saudi Vision 2030. It is also aligned with NEOM’s aim to become a global center for sports that provides an environment for athletes to excel while also offering exceptional livability. It also contributes to growth, innovation and economic prosperity in the sector.

Commenting on the cooperation, Prince Abdulaziz said: “We are pleased to sign this memorandum with NEOM as we aim from this fruitful cooperation to contribute to the development of this vital and important sector, and to open the way for all parties and companies to share their capabilities to elevate the sports industry, and to create the appropriate environment for athletes from our dear country to become the ambassadors of their country in international and regional forums.

“The sports sector in the Kingdom enjoys unprecedented support from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, and Crown Prince Mohammad bin Salman, Deputy Prime Minister and Minister of Defense - and we - in the Ministry of Sport, are working hard and continuously to develop this vital and important sector, which targets a large segment of the young men and women of this dear country, in line with the objectives of The Kingdom’s Vision 2030, and we will move forward to achieve these goals, with the combined efforts of all relevant authorities and stakeholders.”

Al Nasr said: “We are pleased to cooperate with the Ministry to create a vibrant and active living environment capable of attracting the best talent and minds from around the world. This is one of the priorities of the project, given that sport is of great importance, as one of the key components of NEOM societies.

“Sports investment in the Kingdom is growing significantly and tangibly to become one of the most lucrative and innovative sectors in the world, and this forms an important aspect of NEOM’s strategy to create promising sectors and build a solid economy.

“This memorandum will allow exploring all possible opportunities and building sports entities that contribute to empowering Saudi youth and residents of NEOM, so that sports will be a source of inspiration for them. We at NEOM are working to provide the most advanced sports facilities by attracting unprecedented investments in the field, hosting the most important sporting events, teams and athletes from all over the world, and attracting global industry leaders.”

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Verstappen Captures 4th F1 Championship after Mercedes Sweep of Las Vegas Grand Prix

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 23, 2024 Red Bull's Max Verstappen celebrates after winning the 2024 F1 world championship title REUTERS/Evelyn Hockstein
Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 23, 2024 Red Bull's Max Verstappen celebrates after winning the 2024 F1 world championship title REUTERS/Evelyn Hockstein
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Verstappen Captures 4th F1 Championship after Mercedes Sweep of Las Vegas Grand Prix

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 23, 2024 Red Bull's Max Verstappen celebrates after winning the 2024 F1 world championship title REUTERS/Evelyn Hockstein
Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, United States - November 23, 2024 Red Bull's Max Verstappen celebrates after winning the 2024 F1 world championship title REUTERS/Evelyn Hockstein

Max Verstappen cruised to a fourth consecutive Formula 1 championship on Saturday night by finishing fifth in the Las Vegas Grand Prix.
Verstappen needed only to finish ahead of Lando Norris of McLaren to give Red Bull a fourth straight driver championship. The Dutchman started fifth but was already up to second by the 10th lap around the street circuit that includes the famed Las Vegas Strip.
Norris, who had to score at least three points more than Verstappen to extend the championship fight, finished sixth. Verstappen needed only to finish higher than Norris to win the title, which he did with two races remaining on the season.
He ended the race up 63 points over Norris with two events remaining this season.
“Max Verstappen you are a four-time world champion," team principal Christian Horner said on the radio. "That is a phenomenal, phenomenal achievement. You can be incredibly proud of yourself as we are."
Verstappen, only the sixth driver in F1 history to win at least four titles, sounded unusually emotional on the radio.
“Oh My God, what a season. Four times. Thank you, thank you guys,” he said. “We gave it all.”
The race was won, meanwhile, by George Russell who was followed by Lewis Hamilton in the first 1-2 sweep for the Mercedes drivers since 2022. Hamilton came from 10th on the grid — two weeks after a demoralizing race in Brazil — to capture his podium finish.
The duo crossed the finish line under a checkered flag waved by actor Sylvester Stallone.
Carlos Sainz Jr. finished third for Ferrari as the constructor championship remains a tight battle between leader McLaren and Ferrari. Charles Leclerc, his teammate, was fourth. Red Bull had won the title that pays roughly $150 million in prize money the last two seasons but has slipped to third in the standings.
But that championship battle appears headed to next month's season finale in Abu Dhabi. McLaren has a 24-point lead over Ferrari headed into this weekend's race in Qatar after Norris and Oscar Piastri finished sixth and seventh in Las Vegas.
“Max deserved to win it. He drove a better season than I did, he deserved it more than anyone else,” Norris said. “Max just doesn't have a weakness. When he's got the best car, he dominates and when he's not got the best car, he's still just there always.”
Verstappen, meanwhile, made easy work of Norris after a season where the McLaren driver pushed him harder than he'd been challenged since Verstappen's first title in 2021.
“To stand here as a four-time world champion is something I never thought would be possible,” Verstappen told actor Terry Crews, who moderated the podium news conference held in front of the Bellagio's famed fountains.
“It was a very challenging season and I had to be calm. I think this season taught me a lot of lessons and we handled it well as a team, so that of course makes it a very special and beautiful season.”
Verstappen, who is 27, won 19 races last year. He opened this season on a tear but a long winless streak from June until Brazil two weeks ago has him with only eight wins, his fewest since 2020.
Verstappen asked at the Bellagio what time it was, noting he was in Las Vegas and “I'm very thirsty.” He had a champagne celebration awaiting him.
Race-winner Russell, meanwhile, said he’d be skipping his scheduled flight home to celebrate the victory with actor Crews. He also twice had to sit down on the podium to wipe champagne out of his eyes.
Verstappen was cruising in third with about 20 laps remaining and not overly pushing when Red Bull urged Verstappen to be patient over the team radio.
“Max, just don't lose sight of our aim today, yeah?” he was told.
Verstappen wasn't interested in receiving any instructions.
“Yeah, yeah. I'm doing my race,” he replied.
When he later saw the Ferrari drivers behind him, he asked for instructions because of the constructor championship implications.
"Do you want me to try to keep them behind or what?" Verstappen asked of Sainz and Leclerc.
"I think you should, yeah," Red Bull told Verstappen.
He couldn't hold them off but it made no difference as his season was dominant enough to match former Red Bull driver Sebastian Vettel as four-time champions for the organization.
This was the second year of the race after last year's debut was a bit of a disaster in that locals were livid for months over ongoing construction, as well as traffic detours and delays, the inability to access many local businesses, outrageous price gouging by the tourism industry as well as LVGP ticketing, and then a loose valve cover that nearly destroyed Sainz's Ferrari minutes into the first practice.
It caused an hours-long delay for repairs, fans were kicked out of the circuit, and F1 ran practice until 4 a.m. — when it legally had to reopen the streets to the public.
This year has been far less hectic, in part because all of the infrastructure headaches were a year ago, but also that last year's race was spectacular. Despite all its speed bumps, the actual running of the race was one of the best of the F1 season.
Russell started on the pole ahead of Sainz, who wanted redemption after the valve-cover fiasco last year. He had to serve a penalty because his car was damaged in the incident.
“I was hoping Vegas had something to offer me after last year, but I will take a podium," Sainz said. "I was looking at every manhole, avoiding them this time.”
The race is the final stop in the United States for F1, which has exploded in American popularity the last five years. The trio of races in Miami; Austin, Texas; and Las Vegas are more than any other country.
After the race completion, F1 next week is expected to announce it will expand the grid to 11 teams to make room for an American team backed by General Motors' Cadillac brand. The team was initially started by Michael Andretti, who could not receive approval from F1 on his expansion application.
Andretti has since turned over his ownership stake to Indiana-businessman Dan Towriss and Mark Walter, the controlling owner of the Los Angeles Dodgers. They would run the Cadillac F1 team that would likely join the grid in 2026.
The announcement of the American team did not come during the weekend to not derail from the Las Vegas Grand Prix, which is the showpiece of the Liberty Media portfolio.
The race drew 306,000 fans over three days.