RIYADH: Saudi Sports Minister Prince Abdul Aziz bin Turki Al-Faisal and NEOM CEO Nazmi Al-Nasr signed a memorandum of understanding (MoU) at the ministry’s headquarters in Riyadh on Monday.
The ministry will cooperate with NEOM to help the world’s smartest city become a global destination for various physical and electronic sports.
The sports minister vowed to continue the development of the sports industry in the Kingdom. He said the Kingdom is working relentlessly to ensure a sustainable environment for athletes.
The NEOM CEO said the cooperation with the Sports Ministry aims to create a vibrant environment to attract global talent from around the world.
He said investments in the sports sector are growing significantly in the Kingdom.
“The memorandum will allow exploring all possible opportunities and building sports entities that will help empower the Saudi youth and NEOM resident,” he said.