This comes a month before his first trip to the region where he will participate in the 2024 NBA Abu Dhabi games
sports industry
Latest in sports industry
Bahrain
Saudi Arabia and Bahrain ink MoU to boost cooperation in sports sector
The agreement covers areas such as sports investment and marketing, sports facility management and maintenance and development of sports facility investment mechanisms
AB Majlis
AB Majlis podcast: Can Saudi Arabia’s splurge on sports stars lift its economy beyond oil? A chat with Jürg Kronenberg of Bain & Co.
From splurging billions to attract global football megastars to bidding to host the 2034 World Cup, Saudi is embarking on an ambitious economic diversification drive through sports, but is it sustainable?
blockchain technology
Dubai set to dominate global sports industry’s Web3 transition as football legends, major clubs back blockchain tech, NFTs
The Atleta Network is set to open 20 blockchain-powered football academies worldwide in 2024 following Dubai launch, even as major football legends and clubs like FC Barcelona, Liverpool, and La Liga are reportedly applying blockchain for sports NFTs, ticketing and fan engagement
Golf
Tiger Woods ends his historic 27-year association with Nike
It’s one of the longest and most lucrative sponsorship deals in sporting history; Woods’ agent calls it a ‘business decision’
Bahrain
Crazy Fight Night! BRAVE CF 79 to showcase the biggest MMA talents in a single event on Friday
The matches will be held as part of the BRAVE International Combat Week in Bahrain
Bahrain
Gulf MMA sector poised for global dominance as interest, sports investments surge
Bahrain-based BRAVE CF, emerging as the most popular MMA companies globally, is currently learnt to be seeking investments from high-profile international investors
acquisitions
Accolades continue to pile for Michael Rubin…the hottest name in sports industry
The Fanatics founder, named Businessperson of the Year by The Athletic, has been on a roll as company valuation grows to $31 billion from $4.5 billion in just three years
Egypt
EXCLUSIVE: Egypt made $7 billion from sports investment says Minister
The Egypt Minister of Sports revealed investment plans that achieved returns of billions of dollars in four years
Dubai
Sports sector’s contribution to Dubai’s economy reaches AED9 billion in 2021, says DSC
The DSC meeting also reviewed plans to develop football stadiums in Dubai and directed the concerned authorities to work on implementing them according to the approved schedule
Dubai
Dubai to host international summit coinciding with Qatar’s World Cup 2022
The event, which will run from November 21 to December 16, will comprise of invite-only discussions “on changing industry dynamics, challenges, and opportunities”
Abu Dhabi
Floyd Mayweather dedicates Abu Dhabi Unity Boxing Event to the UAE ahead of May 21 Moore showdown
UAE Golden Visa holder Badou Jack “The Ripper”, MMA and boxing legend Anderson “The Spider” Silva, and UAE Warriors champion Bruno “Caveira” Machado – who will all fight on Saturday – shared how the Mayweather-Moore led showcase event will boost the business of sport in the nation
F1 Grand Prix
What are the four different sports tourism models that Saudi Arabia could leverage to attract tourists?
Saudi Arabia’s Ministry of Sport and the Ministry of Tourism are looking to increase the contribution of sports to the GDP by focusing on the crossroads of the two ministries – sports tourism
boxing
Dubai can be ‘fight capital of the world’ claims boxing promoter
Probellum has just announced a historic world championship double-header at the Coca-Cola Arena in Dubai in December
foreign investment
Saudi sports clubs now available for full foreign ownership
The Saudi Arabian sports economy has grown 174% in the last three years alone and its contribution to GDP has increased by 22%
commercial strategies
Connected crowds: why data analytics is key to welcoming fans back through the turnstiles
Much like retail, travel and hospitality, the sports industry must use data and technology to help get the business back on track