{"id":297583,"date":"2021-08-23T17:09:27","date_gmt":"2021-08-23T20:09:27","guid":{"rendered":"https:\/\/anba.com.br\/?p=297583"},"modified":"2021-08-25T20:12:06","modified_gmt":"2021-08-25T23:12:06","slug":"saudi-arabia-stands-out-in-sports-investments","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/saudi-arabia-stands-out-in-sports-investments\/","title":{"rendered":"Saudi Arabia stands out in sports investments"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Saudi Arabia is establishing itself as the main driver of growth in the Middle East sports industry. Sports have advanced from contributing SAR 2.4 billion (about USD 640 million at the current rate) to the Saudi economy in 2016 to SAR 6.5 billion (about USD 1.7 billion) in 2019, with an expectation of reaching SAR 18 billion (about USD 4.8 billion) in 2030. <em>Pictured above, a gym in Jeddah<\/em>.<\/p>\n<p>Information on the country\u2019s prominence in the field was published on the Saudi news agency <a href=\"https:\/\/www.arabnews.com\/node\/1915751\/business-economy\" target=\"_blank\" rel=\"noopener\">Arab News<\/a> website, based on a report by the United States \u2013 Saudi Arabia Business Council. The growth projection until 2030 is from the Kingdom\u2019s Ministry of Sports.<\/p>\n<p>The growth in the contribution of sports to the Saudi Gross Domestic Product (GDP) was driven by the fact the country is populous \u2014 having the highest number of inhabitants in the Gulf Cooperation Council (GCC) \u2014 and over two-thirds of its population is under the age of 35. Vision 2030, the Saudi government\u2019s plan for growth in several areas outside the oil sector, also favors sports.<\/p>\n<p>Figures released by the General Authority for Statistics (GAStat) in 2020, before the pandemic, showed that Saudi participation in sport jumped from 13% to 20% of the population after the launch of the local quality of life program. The government plans to raise the percentage to 40% by 2030 with investments in sports facilities, expansion of training for women and children, and bolstering the country as a sporting destination.<\/p>\n<p>Saudi Vision 2030 has opened up opportunities in the sports industry for local and international companies as part of the efforts to increase youth participation in sports, use the private sector to fill infrastructure and knowledge gaps in the field, and leverage the country\u2019s reputation for leadership in the segment. Saudi Arabia has planned or under construction sports projects worth SAR 11 billion (about USD 3 billion).<\/p>\n<p><strong>Translated by El\u00fasio Brasileiro<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sports progressed from contributing USD 640 million to the Saudi GDP to USD 1.7 billion in three years. The government aims to promote sporting activities and increase the sector\u2019s participation in the economy.<\/p>\n","protected":false},"author":2316,"featured_media":297581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[11910,23174,23175,23176,23172,9595,23173,23171,23178,5910,23177,10386],"class_list":{"0":"post-297583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-arabia-saudita-en","9":"tag-burka-sport","10":"tag-hijab-sport","11":"tag-investment-sport","12":"tag-riad-sport","13":"tag-saudi-arabia-en","14":"tag-saudi-arabia-sports","15":"tag-saudi-arabia-sports-activity","16":"tag-saudi-sport","17":"tag-sports","18":"tag-sports-investment","19":"tag-vision-2030-en"},"wps_subtitle":"Sports progressed from contributing USD 640 million to the Saudi GDP to USD 1.7 billion in three years. The government aims to promote sporting activities and increase the sector\u2019s participation in the economy.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/297583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=297583"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/297583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/297581"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=297583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=297583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=297583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}