Saudi Arabia launches investment fund for sports, entertainment events
Crown Prince Mohammed bin Salman’s aggressive modernization plans have been criticized for being overly ambitious.
![Saudi Arabian Crown Prince Mohammed bin Salman (C) and Formula One Group CEO Stefano Domenicali (R).](/sites/default/files/styles/article_hero_medium/public/2023-01/GettyImages-1237032372.jpg?h=efcd14fe&itok=i0MASNAv)
Saudi Crown Prince Mohammed bin Salman launched Tuesday a new investment fund to support infrastructure related to sports, tourism and more.
The Events Investment Fund will “develop a sustainable infrastructure” for the culture, tourism, entertainment and sports sectors throughout Saudi Arabia. The fund set a goal of financing and developing more than 35 venues by 2030 and will develop the following infrastructure, the official Saudi Press Agency reported: