World soccer governing body FIFA has signed a partnership with oil and gas conglomerate Saudi Aramco that will run through to the end of 2027, it said in a statement on Thursday.
FIFA Headquarter in Zurich, Switzerland © Mena Today
World soccer governing body FIFA has signed a partnership with oil and gas conglomerate Saudi Aramco that will run through to the end of 2027, it said in a statement on Thursday.
The four-year deal will see Aramco become a worldwide partner of FIFA, including in major tournaments such as the World Cup 2026 and the Women's World Cup 2027.
"This partnership will assist FIFA to successfully deliver its flagship tournaments... enable us to provide enhanced support to our 211 FIFA member associations across the globe," FIFA president Gianni Infantino said in the statement.
Saudi Arabia has been pouring billions into sports worldwide such as golf, football, motorsports and martial arts. Sport is one of the pillars of the government's Vision 2030 economic diversification plan that seeks to build new industries and create jobs. Some critics have called it an effort to distract from its human rights record.
Saudi Arabia and Indonesia signed several deals and memos of understanding worth around $27 billion between private sector institutions in several fields including clean energy and petrochemicals, the Saudi state news agency SPA reported on Wednesday.
Gulf states, home to multiple U.S. military bases, were on high alert on Sunday after U.S. strikes on Iran raised the possibility of a widening conflict in the region.
A United Nations conference co-hosted by France and Saudi Arabia aimed at forging a roadmap towards a two-state solution between Israel and the Palestinians has been postponed after Israel launched a military attack on Iran, two sources said on Friday.
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