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2034 World Cup: ¶¶Òõ¶ÌÊÓƵ’s game-changer in sports and travel

2034 World Cup: ¶¶Òõ¶ÌÊÓƵ’s game-changer in sports and travel
This visionary project aims to showcase the Kingdom’s progress by leveraging its dynamic football scene and cutting-edge infrastructure. (Shutterstock)
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Updated 22 September 2024

2034 World Cup: ¶¶Òõ¶ÌÊÓƵ’s game-changer in sports and travel

2034 World Cup: ¶¶Òõ¶ÌÊÓƵ’s game-changer in sports and travel
  • The visionary project aims to showcase the Kingdom’s progress by leveraging its dynamic football scene and cutting-edge infrastructure
  • Central to ¶¶Òõ¶ÌÊÓƵ’s World Cup strategy is a major upgrade of its transport infrastructure

RIYADH: ¶¶Òõ¶ÌÊÓƵ is gearing up to elevate its global profile with the FIFA World Cup in 2034. This landmark event will transform the Kingdom’s central location into a vibrant travel nexus while celebrating its deep-rooted football legacy.

Unveiled in Paris, ¶¶Òõ¶ÌÊÓƵ’s bid, dubbed “Growing Together,†has garnered enthusiastic support from Crown Prince Mohammed bin Salman. This visionary project aims to showcase the Kingdom’s progress by leveraging its dynamic football scene and cutting-edge infrastructure to captivate a global audience.

Central to ¶¶Òõ¶ÌÊÓƵ’s World Cup strategy is a major upgrade of its transport infrastructure. Riyadh Air, a new contender in the aviation arena, is spearheading efforts to boost connectivity. In an exclusive interview, a spokesperson from Riyadh Air shared insights on the airline’s preparations for the anticipated wave of World Cup visitors.

“¶¶Òõ¶ÌÊÓƵ is demonstrating how the power of sport brings people closer together. For many years, the Middle East has been developing as a global aviation hub, linking north to south and east to west, ideally situated between Europe, Africa, and Asia,†said Osamah Alnuaiser, senior vice president of Marketing and Corporate Communications at Riyadh Air, to Arab News.

He added: “With over 80 percent of the world’s population within an eight-hour flight of ¶¶Òõ¶ÌÊÓƵ, it is one of the most accessible locations for the World Cup.â€




Riyadh Air’s launch will significantly enhance connectivity for the capital, Riyadh, fostering growth in both business and sports. (Supplied)

Alnuaiser emphasized that Riyadh Air’s launch will significantly enhance connectivity for the capital, Riyadh, fostering growth in both business and sports. “When the FIFA World Cup 2034 takes place, Riyadh will be one of the best-connected G20 capital cities in the world. The country’s central location and expanding sector will create the perfect venue for the World Cup,†he said.

On the topic of connectivity, Alnuaiser elaborated on Riyadh Air’s vision for the World Cup’s legacy and its role in enhancing the Kingdom’s global travel status. “With the Kingdom set to welcome the world, the demand for seamless connectivity within and beyond its borders is rising. Riyadh Air is poised to meet this need in anticipation of the World Cup,†he said.

He added: “There will be a very positive legacy from the World Cup as it will introduce many more people to Saudi culture, history, and heritage, as well as showcase the Kingdom’s growth in business and technology.â€

“¶¶Òõ¶ÌÊÓƵ has always been at the forefront of sports developments in the region, and its potential hosting of the 2034 FIFA World Cup clearly reflects its ambitious goals,†remarked Mohammed Makni, a university professor at Imam Muhammad ibn Saud University, to Arab News.




Riyadh Air’s launch will significantly enhance connectivity for the capital, Riyadh, fostering growth in both business and sports. (Supplied)

He continued: “With Vision 2030, ¶¶Òõ¶ÌÊÓƵ is entering a new phase of development, and hosting the 2034 World Cup represents a significant step toward achieving this vision.â€

“Regarding transportation, the Kingdom’s strategic location makes it an ideal travel hub for fans. This move is part of a broader strategy to position ¶¶Òõ¶ÌÊÓƵ as a global hub for commerce and tourism, supporting the objectives of Vision 2030 and enhancing its appeal as an international destination,†added the academic.

In May, Abdulaziz Al-Dahmash, vice president of the General Authority of Civil Aviation for Quality and Traveler Experience, told Arab News at the Future Aviation Forum that the sector has set “very ambitious targets.†These include tripling passenger numbers from 2019, handling 4.5 million tonnes of cargo, and establishing over 250 direct routes from the Kingdom’s airports.

“Those key targets require enablers, and one of the essential pillars is our passenger experience. We always say that the passenger comes first, so from that perspective, we started various programs from a regulatory standpoint,†Al-Dahmash said.

He added: “We initiated the Total Quality Evaluation program. This program focuses on the passenger experience across all touchpoints at the airport, from entrance to boarding.â€

Infrastructure upgrades

¶¶Òõ¶ÌÊÓƵ’s transport infrastructure is undergoing a major overhaul. Significant upgrades to airports, including the expansion of King Abdulaziz International Airport, are set to handle increased passenger traffic. New facilities and enhancements to existing ones will ensure top-tier amenities for fans.

“To manage the surge in passengers expected during the World Cup in 2034, public transport providers must adopt a proactive and multi-faceted strategy,†Ashley Koussa, partner of Transport and Logistics at PwC, told Arab News.

He added: “The influx of visitors will create high demand for easy access and transport to various locations. Key to success will be increasing service frequency, capacity, deploying dedicated routes, and utilizing advanced technologies to enhance operational efficiency.â€

Koussa further explained that managing large crowds and peak times effectively will require improved access systems and data analytics for better predictions and management. Close collaboration with event organizers and other key stakeholders is crucial for seamlessly integrating transportation services with overall event logistics, ensuring a smooth experience for attendees.

“Other key stakeholders will play a vital role in creating a seamless integration of transport services with the broader event logistics,†Koussa continued.

Public transport services are also being upgraded. The Riyadh Metro and regional rail services are expanding to connect key World Cup venues, facilitating smooth and efficient travel for visitors. These enhancements aim not only to handle the World Cup but also to leave a lasting legacy that will benefit the Kingdom long after the tournament concludes.

¶¶Òõ¶ÌÊÓƵ witnessed a 79 percent surge in the value of construction contracts awarded during the first quarter of 2024, reaching SR118.8 billion ($31.65 billion), according to the latest US-Saudi Business Council report. This is the second-highest figure on record, following SR147.1 billion awarded in the third quarter of 2015. Compared to the fourth quarter of 2023, contract values jumped by 35 percent.

“¶¶Òõ¶ÌÊÓƵ’s construction sector is experiencing exponential growth, marked by significant advancements in social and physical infrastructure, improved quality of life, and substantial foreign direct investments,†said Albara’a Al-Wazir, director of Economic Research at USSBC.

A unified vision

Football’s legacy in ¶¶Òõ¶ÌÊÓƵ spans over a century. The first football clubs emerged in the early 1900s, laying the foundation for a vibrant sporting tradition. The Kingdom’s formal entry into football competitions began in the 1950s, marking the start of an era characterized by burgeoning local tournaments and the eventual establishment of the Saudi Pro League in the 1970s. This period not only saw football’s growth but also mirrored the nation’s development alongside its sport.

Saudi Sports Minister Prince Abdulaziz bin Turki, commenting on the official bid book’s publication, said, “These plans will combine our rich football heritage with our deep passion for the game and will ensure ¶¶Òõ¶ÌÊÓƵ’s success as the first nation to host a 48-team tournament in one country.â€

“The government is strategically aligning transport infrastructure improvements with the broader objectives of Vision 2030. This has included implementing a comprehensive approach that integrates both planning and execution,†Koussa noted.

He further elaborated on how the government is synchronizing transport infrastructure improvements with Vision 2030’s broader goals and the economic benefits to the transport sector.

“The transport infrastructure plays a crucial role in this ambition, with the government coordinating improvements through several key initiatives, including integrated urban planning, public-private partnerships, and investments, as well as focusing on sustainability and innovation,†Koussa said.

Integrated urban planning involves aligning transport infrastructure development with other aspects of urban growth, such as economic zones, smart city projects, and sustainable development. Koussa explained that this approach ensures transportation networks complement and support new business districts and residential areas, contributing to the city’s overall economic and social development.

Regarding public-private partnerships and investments, Koussa elaborated that the Kingdom is leveraging collaborations between government entities and private companies to accelerate infrastructure development, particularly for major transportation changes. By combining resources and expertise from both sectors, they aim to enhance and expedite transportation system improvements.

He also noted that the government is incorporating cutting-edge technologies into transportation projects, investing in eco-friendly solutions and smart systems. This includes developing electric vehicle charging stations and upgrading public transport to reduce carbon emissions and enhance urban mobility.

These improvements aim to boost regional connectivity, shorten travel times, and facilitate the movement of goods and people. Additionally, enhanced infrastructure is expected to promote tourism, increase global competitiveness, attract foreign investment, and support business expansion, all contributing to the Kingdom’s long-term economic growth.


¶¶Òõ¶ÌÊÓƵ opens Makkah and Madinah to foreign investments

¶¶Òõ¶ÌÊÓƵ opens Makkah and Madinah to foreign investments
Updated 28 January 2025

¶¶Òõ¶ÌÊÓƵ opens Makkah and Madinah to foreign investments

¶¶Òõ¶ÌÊÓƵ opens Makkah and Madinah to foreign investments
  • Move aims to boost the capital market’s competitiveness and align with the Kingdom’s Vision 2030 economic diversification objectives
  • While non-Saudis allowed to purchase properties in Kingdom, there are restrictions, in the holy cities ownership is generally limited to Saudis

RIYADH: Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority.

Effective immediately, the move aims to boost the capital market’s competitiveness and align with the Kingdom’s Vision 2030 economic diversification objectives, the CMA announced in a press release. 

While non-Saudis are allowed to purchase properties in the Kingdom, there are specific restrictions, and in the holy cities ownership is generally limited to Saudi nationals — although foreigners are allowed to lease properties there. 

Under the new guidelines, foreign investments are limited to shares or convertible debt instruments of listed companies. Total non-Saudi ownership, including individuals and legal entities, is capped at 49 percent of a company’s shares.

However, strategic foreign investors are prohibited from holding stakes in these companies. 

The move comes amid reforms across the region, with most neighboring countries allowing foreigners to own properties, primarily in free zones or designated areas under certain restrictions. 

“Through this announcement, the Capital Market Authority aims to stimulate investment, enhance the attractiveness and efficiency of the capital market, and strengthen its regional and international competitiveness while supporting the local economy,†said the CMA. 

The changes are also designed to stimulate foreign direct investment in the Kingdom’s capital market, as well as bolster its regional and international competitiveness. 

“This includes attracting foreign capital and providing the necessary liquidity for current and future projects in Makkah and Madinah through the investment products available in the Saudi market, positioning it as a key funding source for these distinctive developmental projects,†added the CMA. 

Strengthening the real estate sector and attracting more FDI into the Kingdom is one of the key goals outlined under the Vision 2030 program, as ¶¶Òõ¶ÌÊÓƵ aims to reduce its dependence on crude revenues and diversify its economy. 

The Kingdom aims to attract $100 billion in FDI by the end of this decade, and the government body has been implementing various initiatives and reforms to enhance the attractiveness of the capital market.

Some of these efforts include allowing foreign residents to directly invest in the stock market, enabling non-Saudi investors to access the market through swap agreements, and permitting qualified foreign capital institutions to invest in listed securities. 

The CMA has also allowed foreign strategic investors to acquire strategic stakes in listed companies and directly invest in debt instruments. 

In 2021, the CMA also allowed non-Saudis to subscribe to real estate funds investing within the boundaries of Makkah and Madinah, which played a crucial role in increasing the attractiveness of the capital market to both regional and international investors. 

The share prices of real estate companies listed on ¶¶Òõ¶ÌÊÓƵ’s stock exchange surged following the CMA’s announcement. 

Knowledge Economic City saw its share price rise by 9.89 percent to close at SR16.66 ($4.44). 

Jabal Omar Development Co.’s share price also increased by 10 percent to SR25.85, while Makkah Construction and Development Co.’s stock price climbed 9.84 percent to close at SR106. 


From Genoa to Jeddah: Italian vessel docks to grand welcome

From Genoa to Jeddah: Italian vessel docks to grand welcome
Updated 27 January 2025

From Genoa to Jeddah: Italian vessel docks to grand welcome

From Genoa to Jeddah: Italian vessel docks to grand welcome
  • The 33rd stop of Amerigo Vespucci’s world tour brings Italian charm and heritage to ¶¶Òõ¶ÌÊÓƵ
  • Italian Minister of Defense Guido Crosetto: We are very proud of this ship, and we are happy to share our journey with our Saudi friends

JEDDAH: The Amerigo Vespucci, a historic training ship of the Italian Navy, docked at the Jeddah Yacht Club and Marina on Monday morning, where it will be open to the public until Jan. 30.

The ship is on the 33rd stage of its two-year world tour, which began on July 1, 2023, from the Port of Genoa, Italy, traversing five continents, 30 counties and 35 ports before its return to the Mediterranean.

The ship is named in honor of Amerigo Vespucci, the Italian explorer from the late 15th and early 16th centuries. Vespucci was among the first to understand that the lands Christopher Columbus reached in 1492 were not part of Asia but rather a separate continent, which was later named America in his honor by the German cartographer Martin Waldseemuller in 1507.

The inaugural ceremony of the Villaggio Italy in Jeddah, which also kicked off visits on board the 93-year-old ship, took place in the presence of Saudi Assistant Minister of Defense Talal bin Abdullah Al-Otaibi, as well as Italian Minister of Defense Guido Crosetto and Chief of Staff of the Navy Adm. Enrico Credendino.

Also present at the ceremony were Ambassador of Italy to ¶¶Òõ¶ÌÊÓƵ Carlo Baldocci; Minister of Tourism Daniela Santanche; Minister for Disabilities Alessandra Locatelli; Deputy Minister for Enterprise and Made in Italy Valentino Valentini; Undersecretary of State for Defense Matteo Perego di Cremnago; Undersecretary of State for Defense Isabella Rauti; and Consul General of Italy in Jeddah Leonardo Costa.

Marking the latest stop on the ship’s world tour, Crosetto said: “This is not an easy ship because it did not rely on modern technology but relied on human skills.

“We are very proud of this ship, and we are happy to share our journey with our Saudi friends.â€

He paid tribute to the long friendship between the Saudi and Italian people: “This is a testament (to) the growing relationship between the two countries, the growing ties in the fields of politics and diplomacy, economics, security and defense, culture, science, sports and much more.â€

Al-Otaibi welcomed the Amerigo Vespucci to Jeddah and expressed ¶¶Òõ¶ÌÊÓƵ’s appreciation for this gesture, acknowledging the significance of the event in promoting peace, security, and cooperation.

He noted that the arrival of the ship underscores the commitment of both nations to expanding their naval partnership and reflects a broader effort to enhance diplomatic and military ties.

Speaking to Arab News, Costa said: “The Amerigo Vespucci’s visit to Jeddah reflects the enduring friendship between our nations. We are honored to share Italy’s naval legacy with the people of ¶¶Òõ¶ÌÊÓƵ.

“It is not only that we are sharing the arrival of the Amerigo Vespucci ship but we (are) also sharing our culture, art, music, food and history at the Italian Village, which will be open to (the) public starting Tuesday,†he added. “Therefore, I encourage everyone to take advantage of this unique chance to step aboard one of the world’s most iconic ships.â€

After 19 months on board the Amerigo Vespucci, Capt. Giuseppe Lai, commander of the ship, told Arab News that it has been a challenging journey: “We are so proud to reach our 33rd stage here in Jeddah for the first time.

“We are very proud to show the value and history of Italy, but at the same (time), we are pleased to learn more about other cultures and know other people.â€

He noted that the ship is scheduled to complete the tour on June 10.

Following stops in Los Angeles, Tokyo, Darwin, Singapore, Mumbai, Doha, Oman and Abu Dhabi, the Villaggio Italia will be hosted, together with the Amerigo Vespucci, at the Jeddah Yacht Club and Marina.

Villaggio Italia is an international exposition showcasing Italy’s finest products and industries, reinforcing the country’s values and promoting its culture globally.

As part of its Jeddah stopover on an ongoing world tour, the 1930-built ship is hosting a series of engaging events including a painting competition, film screenings, and a concert by the Italian Air Force band.

On-board visits will be available from 2:30 p.m. to 5:30 p.m. on Tuesday and Wednesday, as well as a morning slot from 9:30 a.m. to 12:30 p.m. on Wednesday.


Umrah guests praise Kingdom’s rich heritage

Umrah guests praise Kingdom’s rich heritage
Updated 27 January 2025

Umrah guests praise Kingdom’s rich heritage

Umrah guests praise Kingdom’s rich heritage
  • Sheikh Khadem Mbaki, a preacher from Senegal, expressed his joy at witnessing Madinah’s rich cultural and historical heritage
  • Ali Coulibaly from Mali said that the Kingdom is a global religious and cultural destination

RIYADH: Guests of the Custodian of the Two Holy Mosques Program for Umrah and Visit praised ¶¶Òõ¶ÌÊÓƵ’s development and progress across various fields.

They commended efforts to preserve religious sites and historical monuments, highlighting a rich cultural heritage spanning thousands of years, the Saudi Press Agency reported.

During their tour of religious sites and monuments in Madinah, part of a program organized by the Ministry of Islamic Affairs, they expressed gratitude to the Kingdom for hosting them.

Sheikh Khadem Mbaki, a preacher from Senegal, expressed his joy at witnessing Madinah’s rich cultural and historical heritage.

He highlighted how the sites reflect various aspects of Islamic civilization, and praised the Kingdom’s dedication to preserving these important landmarks.

Mbaki also acknowledged the Kingdom’s efforts to ensure the well-being of visitors and Umrah performers from around the world.

Ali Coulibaly from Mali said that the Kingdom is a global religious and cultural destination due to its many historical monuments and archaeological sites in regions like AlUla and NEOM.

He also noted the rapid development of infrastructure projects, which enhance the Kingdom’s ability to welcome tourists and visitors and provide year-round access to these historical and cultural sites.

Mohammed Abdo Abu Yaali from Morocco praised the cultural and historical richness he experienced during his visit to Madinah’s historical sites.

He appreciated the in-depth explanations about the significance of these sites as well as their connection to Islamic history and the life of the Prophet.

Amin Baddad from Algeria expressed his heartfelt thanks to the Saudi leadership for hosting him to visit Madinah and perform Umrah.

He shared the beautiful memories created during his visit and prayed to Allah to reward those responsible for the program for their efforts.


Riyadh governor receives newly appointed ambassador of Zimbabwe

Riyadh governor receives newly appointed ambassador of Zimbabwe
Updated 27 January 2025

Riyadh governor receives newly appointed ambassador of Zimbabwe

Riyadh governor receives newly appointed ambassador of Zimbabwe
  • Prince Faisal wished the ambassador success in his new duties

RIYADH: Riyadh Gov. Prince Faisal bin Bandar received the newly appointed ambassador of Zimbabwe to the Kingdom, Jonathan Wutawunashe, in Riyadh on Monday.

During the meeting, Prince Faisal wished the ambassador success in his new duties. The two sides also discussed issues of common interest, the Saudi Press Agency reported.

Meanwhile, Hail Gov. Prince Abdulaziz bin Saad bin Abdulaziz held cordial talks with Ambassador of Sudan to the Kingdom Dafallah Al-Haj Ali Othman in Hail on Monday.

 


Saudi FM holds phone call with Malaysian counterpart

Saudi FM holds phone call with Malaysian counterpart
Updated 27 January 2025

Saudi FM holds phone call with Malaysian counterpart

Saudi FM holds phone call with Malaysian counterpart

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan held a phone call on Monday with his Malaysian counterpart, Dato’ Seri Utama Haji Mohamad bin Haji Hasan.

During the call, the chief diplomats discussed relations between Riyadh and Kuala Lumpur, the Saudi Press Agency reported.