Sports Ministry kicks off tendering phase for Sports Clubs Investment & Privatization Project

Logo of Ministry of Sports

The Ministry of Sports announced, in coordination with the National Privatization Center (NPC), the launch of the tendering phase for the Sports Clubs Investment & Privatization Project by local and international investors.

Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba, and Al-Kholood sports clubs are included in this phase. The submission of expressions of interest (EOI) and requests for qualification (RFQ) by investors began today, Aug. 4, and will expire on Sept. 19, the ministry said on its official X account.

Last month, the Ministry of Sports launched, in coordination with NPC, the second phase of the second pillar in the Sports Clubs Investment & Privatization Project. This came in the implementation of the Cabinet decision on July 2 to privatize 14 sports clubs of various grades, data available to Argaam showed.

This phase included the offering of six sports clubs set for privatization to local and international investors, namely Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba, and Al-Kholood clubs. This will be followed by tendering of the remaining eight sports clubs in succession: Al-Shoulah, Hajer, Al-Najma, Al-Riyadh, Al-Rawda, Jeddah, Al-Taraji, and Al-Sahel.

The Sports Clubs Investment & Privatization Project was launched through two main pillars, the first entails approving investments by companies and development entities in sports clubs in exchange for ownership transfers. This included eight clubs.

The second pillar shall also see several sports clubs being put up for privatization. Interested local and international parties have already begun registering for this investment in the first phase of this pillar.