Saudi minister stresses commitment to Islamic unity at OIC preparatory meeting    Saudi minister concludes Beijing visit, strengthening ties in real estate development    'Shield of Prevention 4': Saudi-US joint military exercise raises WMD readiness    Royal order strips officials convicted of corruption or treason of 'His Excellency' title    Saudi Arabia initiates anti-dumping probe into steel imports from China and Taiwan    Saudi Arabia, Uzbekistan strengthen energy ties with new roadmap    Saudi internet usage hits 99% in 2023    Irish students' union fined €214k over Gaza protests    Haunted by their colleagues' deaths, journalists risk their lives to report on Gaza    Alarm in Israel at reports of possible ICC legal action over Gaza    Turkey halts trade with Israel over 'humanitarian tragedy' in Gaza    Loay Nazer announces candidacy for presidency of Al-Ittihad    Al-Nassr sets up thrilling clash with Al-Hilal in King's Cup final after defeating Al-Khaleej    International conference on judicial training to explore digital transformation    Karim Benzema seeks medical consultation in Madrid for ongoing injuries    Al-Hilal beats Al-Ittihad in heated King's Cup semi-final    Infinix GT 20 Pro flagship launch: Revolutionizing esports-level gaming and ushering in a new era of the holistic gaming universe    SFDA: Breast-milk substitute products are sugar-free complying with Saudi specifications    'Zarqa Al Yamama': Riyadh premieres first Saudi opera    Australian police launch manhunt for Home and Away star Orpheus Pledger    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Forum planned to encourage investment in sports clubs
Published in The Saudi Gazette on 05 - 06 - 2012


By Roberta Fedele and Fatima Muhammad
Saudi GazetteJEDDAH — Saudi Arabia will host a three-day forum in September to explore ways and means of increasing investment in sporting activities, it was announced at a press conference at the Jeddah Chamber of Commerce and Industry (JCCI) on Monday.
Organized by the JCCI, the Saudi Football Federation, Italy's Bc Bendoni Communications Group and Prince Sultan College for Tourism and Business Administration, the forum will take place from September 8 to 10 with the support of Prince Nawaf Bin Faisal, deputy head of the General Presidency for Youth Welfare.
“There are more than 400,000 people who play football in Saudi Arabia, but only 10 percent of them are making use of the sports clubs in the country and the rest depend on random facilities,” Eid said while explaining the abundant investment opportunities in the field.
Eid said sports clubs in the Kingdom receive generous financial support and technical assistance, but the problem is in the mindset. “We need innovative ideas to support sports clubs and attract solid investments. At present, only five Saudi clubs have sponsors,” Eid said.
Tommaso Bendoni of BC Bendoni Communications and Vice Chairman of the JCCI Mazen Batterjee were also present at the press conference to explain the forum's main goals to keep pace with the fast-changing world of sports.
“The forum intends to be an annual occasion to provide sports operators with adequate managerial, administrative and legal knowledge concerning the industry, allow them to study successful international football business models and find benefits in terms of media exposure and international connections,” said Eid.
Batterjee said the forum will explore ways to generate revenues for the local clubs. “The current situation where the clubs rely heavily on donations could not go on for long,” he said. The organizers came up with the idea of holding the forum to help Saudi clubs overcome their financial difficulties. The event is expected to grab the attention of Saudi and Gulf sports officials and enthusiasts.
“Several key guests will attend the forum, including Inter Milan International Ambassador Luis Figo, Coach Fabio Capello, 2006 World Champion and Captain of the Italian National Team Fabio Cannavaro and many others who will make the Jeddah Sports Investment Forum a unique and special moment,” said Bendoni.
Bendoni also invited Zinedine Zidane, Paolo Maldini, Marco Van Basten and Patrick Vieira to join the event. UEFA Licensing Manager Andrea Traverso, General Manager of the Serie A League Marco Brunelli and Chairman of the Spanish Federation will be present on the institutions side to share their expertise with Saudi sports operators.
“Hosting celebrities and members of important institutions including FIFA, UEFA and various clubs and confederations around the world is essential to have global media exposure, create a useful network and understand how other countries are developing their sports systems. The US model could be for instance a very interesting example to follow for the Arab world,” explained Bendoni.
According to Bendoni, Saudi Arabia is one of the most passionate countries about football that may become a major power in this field if its decision-makers are able to perceive the favorable global environment.
__


Clic here to read the story from its source.