Saudi Arabia to host F1 powerboat world championship opener

The Dammam Grand Prix has attracted 18 powerboat racers from 11 countries. (Supplied)
Updated 26 March 2019
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Saudi Arabia to host F1 powerboat world championship opener

  • The race, which features 18 drivers from 11 countries, will mark the end of the Eastern Province Season, the first of the recently launched “Saudi Seasons” tourism campaign

DAMMAM: The Kingdom will host the opening round of the UIM Formula 1 World Powerboat Championship (F1H2O) at the Dammam Corniche.
Considered one of the world’s most competitive, dangerous and thrilling sports championships, the event will begin next Thursday and run for three days, culminating with 20 of the world’s most famous powerboat racers competing for the grand prix on Saturday.
Hosted by countries in Europe, Asia and the Middle East, the 2019 F1H2O circuits were officially unveiled at a press conference by the Union Internationale Motonautique (International Federation of Marine Sports) in Monaco on March 23, during which it was announced that Saudi Arabia will host the opening round, in the presence Prince Albert II of Monaco, world champion racers and senior F1H2O representatives.
The event will be held under the guidance of Prince Abdul Aziz bin Turki Al-Faisal, chairman of the General Sports Authority, and in cooperation with the Saudi Water Sports and Diving Federation (SWSDF).
Dammam hosting the event is a result of the efforts by the General Sports Authority to bring sports activities to the Kingdom by hosting prominent international events to enhance the local sports sector. These efforts also aim to reinforce Saudi Arabia’s position as a leading sports destination in the Middle East, in line with Saudi Vision 2030.
The race, which features 18 drivers from 11 countries, will mark the end of the Eastern Province Season, the first of the recently launched “Saudi Seasons” tourism campaign, which includes 11 tourist seasons spanning most of the Kingdom’s regions.
“The General Sports Authority is looking to significantly augment the local sports sector with various sports, leisure and tourism activities to boost its development and sustainability and key related sectors such as leisure and tourism, as well as strengthen the Kingdom’s position as a leading destination in the Middle East for the world’s largest events,” Prince Abdul Aziz bin Turki Al-Faisal said.
“We value the partnership we have forged with the International Federation of Marine Sports, through which we seek to support the Kingdom’s drive to transform the sports sector from the traditional model to a competitive model that boasts attractive investment, entertainment and tourism opportunities by adopting the very highest international standards.”
Prince Sultan bin Fahd bin Salman, chairman of the Saudi Water Sports and Diving Federation, said: “We are proud to host the F1 Powerboat World Championship and the 11 countries who are participating in the Dammam race. It will be the perfect culmination of the Eastern Province tourism season, the first of the recently launched Saudi Seasons initiative. Through these water sports, we aim to establish a new sports program of events and activities that will encourage more people to play sports and introduce these types of water sports to Saudi youth.”
Prince Sultan said that the event is expected to draw more 20,000 spectators from Saudi Arabia and abroad: “I take this opportunity to invite everyone to come and enjoy the event. I would also like to thank the event sponsors, and look forward to the results of the tremendous joint efforts between the various government bodies to provide a modern and unique experience for excitement and adventure seekers from Saudi Arabia and abroad.”
“Sports events hosted by Saudi Arabia in collaboration with global partners send a clear message that the Kingdom is opening its doors to the world and introducing it to its natural wonders and varied terrains, especially in the Eastern Province,” Prince Sultan said.
Former F1H20 President Nicolo di San Germano said: “We are delighted to start the 36th season of the UIM F1H2O World Championship in Dammam. I would like to thank the General Sports Authority, the SWSDF for their hard work and cooperation that has enabled us to extend our racing footprint in the Middle East and return to Saudi Arabia.”
“The championship and the sport of powerboat racing have a historic, highly successful and valued association with GCC countries which began in 1993, and we look forward to a renewed and long-lasting association of racing in Saudi Arabia,” di San Germano said.


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 19 April 2019
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Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.