Saudi Arabia Privatizes Al-Ansar, Al-Kholood, and Al-Zulfi Football Clubs under Vision 2030
In a significant move aligned with its ambitious Vision 2030 reforms, Saudi Arabia has announced the privatization of three of its football clubs: Al-Ansar, Al-Kholood, and Al-Zulfi. This strategic initiative, unveiled on Thursday, marks a substantial step towards modernizing the Kingdom’s sports industry and boosting its global competitiveness.
The privatization process forms a key part of Saudi Arabia’s broader plans to diversify its economy away from oil, injecting new life into various sectors including sports. The transition of these clubs into private ownership is expected to attract new investments, foster professional management, and lay the foundation for higher standards in both local and regional competitions.
Support for this initiative comes directly from Prince Abdulaziz bin Turki Al-Faisal, Minister of Sports, who emphasized the transformative power of the move, noting that it enables clubs to “reach their full potential and make a qualitative leap in the sports sector.” He underscored the importance of continuing to invest in sports infrastructure, developing local talent, and pursuing excellence both on and off the field.
The decision to privatize Al-Ansar, Al-Kholood, and Al-Zulfi aligns with the guidelines set forth by the Saudi Vision 2030, a long-term blueprint aimed at creating a vibrant society, dynamic economy, and ambitious nation. Vision 2030 places a special focus on developing the sports sector as a means to promote healthy lifestyles, national pride, and international success.
The government’s ongoing efforts, including these privatizations, are designed to make the Kingdom “a global hub for sports and entertainment”, attracting fans and investments from around the world. As more clubs transition into private hands, the Kingdom is expected to experience heightened levels of professionalism, increased revenues, and improved performances in international tournaments.
With the inclusion of Al-Ansar, Al-Kholood, and Al-Zulfi in the privatization initiative, Saudi Arabia continues to signal its commitment to lifting the standards of its domestic football scene, creating new opportunities for athletes, and nurturing a sustainable sports ecosystem for future generations.
Team V.INO-LNK
