RIYADH: Unlocking the potential of sports to drive economic and social development, the Saudi Fund for Development (SFD) and FIFA have signed a Memorandum of Understanding (MoU) to allocate up to USD 1 billion in concessional loans for the construction and rehabilitation of sports stadiums and essential surrounding infrastructure in developing countries around the world. The agreement underscores a shared commitment to support developing nations in strengthening their sports ecosystems as part of broader efforts to advance social and economic development.

Under the new deal, discounted loans will go towards the construction of stadiums with priority given to developing nations

RIYADH: Unlocking the potential of sports to drive economic and social development, the Saudi Fund for Development (SFD) and FIFA have signed a Memorandum of Understanding (MoU)…