Gulf Insider
The Ministry of Sport and the National Center for Privatization & PPP (NCP) announced on Monday the offering of five sports clubs to investors as part of the Sports Clubs Investment and Privatization Project. The ministry said the offering includes Al-Riyadh, Abha, Al-Fateh, Al-Tai, and Al-Shoulla clubs, and invited investors to submit expressions of interest and qualification documents for the acquisition of the clubs. The move forms part of ongoing steps under the Sports Clubs Investment and Privatization Project, which aims to advance private-sector participation and open access to high-quality opportunities in the sports sector. The ministry said the five clubs have completed the required regulatory procedures and are now ready to be offered to investors. Interested investors have time until July 5 to submit qualification requests through the NCP’s website (https://www.ncp.gov.sa/en/). Various sports clubs are being prepared for inclusion in the project under a comprehensive framework that takes into account each club’s level of readiness, as well as the seriousness and preparedness of prospective investors, the ministry noted. This approach is designed to ensure all requirements for participation are met, enhance the efficiency of the offering process, and achieve sustainable impact for the clubs and investors alike. The receipt […]
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