Saudi wealth fund holding talks to create boxing league | Reuters News Agency

Business & FinanceSports

12 June 2024, 4:04 pm 1 minute

Reuters exclusively reported that Saudi Arabia’s Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport.

Market Impact

Saudi Arabia has poured billions of dollars into sport as it seeks to wean the kingdom off of oil dependency under de-facto ruler Crown Prince Mohammed’s Vision 2030 program, which aims to bring in tourism, boost the private sector, and create jobs.

Article Tags

Topics of Interest: Business & FinanceSports

Type: Reuters Best

Sectors: Business & FinanceSports

Regions: Middle East

Countries: Saudi Arabia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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