FIFA and Saudi Fund for Development Partner to Support Sports Infrastructure in Developing Nations

FIFA and the Saudi Fund for Development have entered a memorandum of understanding to allocate a $1 billion concession loan for the construction and renovation of sports stadiums and essential surrounding infrastructure in developing nations. This initiative seeks to support the development of sports ecosystems as part of broader efforts to advance social and economic development globally.

The collaboration aims to create modern multi-sport venues meeting international standards to serve as hubs for community life, education, and inclusivity. The partnership also aims to stimulate local economies, create job opportunities, and empower young people through sports infrastructure development.