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Saudi Sports Market Targets SAR84 Bn by 2030

The UK-Saudi Sports Investment & Innovation Forum was held in London on Wednesday (SPA)
The UK-Saudi Sports Investment & Innovation Forum was held in London on Wednesday (SPA)
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Saudi Sports Market Targets SAR84 Bn by 2030

The UK-Saudi Sports Investment & Innovation Forum was held in London on Wednesday (SPA)
The UK-Saudi Sports Investment & Innovation Forum was held in London on Wednesday (SPA)

London has hosted the UK-Saudi Sports Investment & Innovation Forum, bringing together officials from both countries’ sports and investment ministries, along with 100 top industry leaders.

Organized by the Saudi Chambers of Commerce in collaboration with the Saudi British Business Council, the event coincided with the Saudi-British Sustainable Infrastructure Summit.

It showcased Saudi Arabia’s dynamic sports sector advancements driven by Vision 2030 initiatives, establishing it as a global destination for athletes, tournaments, and investments.

Turki Al-Fawzan, CEO of the Saudi Arabian Esports Federation, highlighted that 67% of Saudis have a keen interest in gaming and esports.

Basem Ibrahim, Director of Sports Sector Investment Development at the Ministry of Investment, projected the Kingdom’s sports market to grow from SAR30 billion to SAR84 billion by 2030.

Mohammed Al-Nemer, Deputy Chair of the Saudi British Joint Business Council, noted a 12% annual growth in Saudi Arabia’s sports and entertainment sector between 2018 and 2023, reflecting rising demand for recreational activities.

Participants at the forum explored investment opportunities, technological advancements in sports and esports, sports infrastructure development, and potential partnerships between Saudi Arabia and the UK.

Topics included hosting major sports events, international acquisitions, and enhancing quality of life through sports initiatives.

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Sports

Singo Apologizes for Injuring Donnarumma, Monaco Condemns Ensuing Racist Abuse

Goalkeeper Gianluigi Donnarumma of Paris Saint Germain leaves the pitch after receiving an injury during the French Ligue 1 soccer match AS Monaco vs Paris Saint Germain, at Stade Louis II, in Monaco, 18 December 2024. EPA/SEBASTIEN NOGIER
Goalkeeper Gianluigi Donnarumma of Paris Saint Germain leaves the pitch after receiving an injury during the French Ligue 1 soccer match AS Monaco vs Paris Saint Germain, at Stade Louis II, in Monaco, 18 December 2024. EPA/SEBASTIEN NOGIER
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Singo Apologizes for Injuring Donnarumma, Monaco Condemns Ensuing Racist Abuse

Goalkeeper Gianluigi Donnarumma of Paris Saint Germain leaves the pitch after receiving an injury during the French Ligue 1 soccer match AS Monaco vs Paris Saint Germain, at Stade Louis II, in Monaco, 18 December 2024. EPA/SEBASTIEN NOGIER
Goalkeeper Gianluigi Donnarumma of Paris Saint Germain leaves the pitch after receiving an injury during the French Ligue 1 soccer match AS Monaco vs Paris Saint Germain, at Stade Louis II, in Monaco, 18 December 2024. EPA/SEBASTIEN NOGIER

Monaco has condemned the racist insults at its defender Wilfried Singo, who gave Paris Saint-Germain goalkeeper Gianluigi Donnarumma a bloodied face in their Ligue 1 game.
Donnarumma’s face was cut up by Singo's studs during PSG's 4-2 win at Monaco on Wednesday.
Singo's shot was blocked so he tried to jump over the sliding Donnarumma but struck his face. Photos showed a cut below his right eye. Singo, who had already been warned, was lucky to avoid a red card.
PSG said Donnarumma suffered “a facial trauma with multiple wounds.” He was scheduled for exams on Thursday and will likely be rested for several days.
Singo apologized to Donnarumma, The Associated Press reported.
“My gesture was obviously not intentional, but I was able to see afterwards that he had a significant injury to his face," Singo wrote on social media in French and Italian. “I wish you a good recovery.”
PSG posted a video showing Singo in its dressing room and speaking with a smiling Donnarumma after the match. In the footage, the goalkeeper can be heard saying in Italian “Tranquillo," which in that context translates as “Don't worry.”
Social media was not so understanding.
Monaco said in a statement on Thursday it “firmly condemns the unacceptable racist comments made about Wilfried Singo on social networks after last night’s match against Paris Saint-Germain. Such behavior has no place in sport, either on or off the pitch, and is totally at odds with the values upheld by the club. The club offers its full support to Wilfried.”
Donnarumma walked off the field and was replaced by Matvey Safonov.
PSG has opened a 10-point lead at the top of the French league. Monaco remained in third place, level on points with second-placed Marseille, which has one match in hand.