https://arab.news/6x5c3
- The clubs included in this phase are Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba and Al-Kholoud
RIYADH: The Ministry of Sport, in collaboration with the National Center for Privatization & PPP, or NCP, announced on Sunday that tenders for six sports clubs have been issued, aimed at local and international investors.
The clubs included in this phase are Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba and Al-Kholoud.
This announcement follows the ministry’s Sports Clubs Investment and Privatization Project Second Track, following the Council of Ministers’ approval to privatize 14 clubs in Saudi Arabia.
This initiative is a part of the ongoing project launched by Crown Prince Mohammed bin Salman aligning with the goals of Saudi Vision 2030.
It aims to provide opportunities for the private sector to help develop the sports industry.
Investors can submit expressions of interest, and requests for qualification, on the NCP website until Sept. 19.
Subsequent offers will be evaluated, followed by the announcement of the winners, and then ownership transferred.