Saudi signs 14 deals, boosting the sports business at the Jeddah Grand Prix
On Sunday in Jeddah, the Saudi Arabian Grand Prix was won by Sergio Perez against Max Verstappen, the current world champion and Perez's Red Bull teammate.t Nonetheless, a number of agreements were also inked at the international event to strengthen the fast-growing sports industry in the kingdom. According to the national news agency SPA, the Saudi Arabian Ministry of Investment (MISA) signed 14 investment agreements in the nation's sports, entertainment, and construction industries. The agreements were inked as a part of a wide-ranging sponsorship program run by Invest Saudi, the organization in charge of promoting foreign investment in the monarchy. The prices of the transactions weren't made public. Twelve of the agreements were made with sports organizations representing a variety of sports, in keeping with the Vision 2030 national development policy of the nation, which calls for expanding both community sports activities and the existence of thriving sports industr...