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SFD and FIFA sign $1bn loan deal to develop sports ecosystems in developing countries
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.
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theguardian.com
Fifa partners with Saudi Arabia and pledges $1bn to fund football infrastructure
Under the new deal, discounted loans will go towards the construction of stadiums with priority given to developing nations
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arabnews.com
SFD and FIFA sign $1bn loan deal to develop sports ecosystems in developing countries
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)…