INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022

KSA has formally submitted its bid to host the FIFA World Cup 2034 at a ceremony in Paris. (SPA).
  • This bid highlights Saudi Arabia’s commitment to Vision 2030
  • Saudi Arabia is currently the sole nation bidding for the 2034 World Cup

Paris, France – Saudi Arabia has formally submitted its bid to host the FIFA World Cup 2034 at a ceremony in Paris. The delegation was led by Prince Abdulaziz bin Turki bin Faisal, Minister of Sport and President of the Saudi Olympic and Paralympic Committee, along with Saudi Arabian Football Federation (SAFF) President Yasser Al-Misehal, and two young football talents from regional training centers.

This bid, supported by King Salman and Crown Prince Mohammed bin Salman, highlights Saudi Arabia’s commitment to Vision 2030 and its ambitions in the sports sector.

Prince Abdulaziz expressed gratitude to the country’s leadership, saying, “I extend my sincerest gratitude to our visionary leadership that has enabled us to reach this milestone in the history of Saudi sports. I also express my profound thanks to His Royal Highness the Crown Prince and Prime Minister for his unwavering support for the development of the sports sector.”

Yasser Al-Misehal emphasized the country’s deep-rooted love for football and its desire to create a lasting legacy, stating, “Our bid campaign marks our firm commitment to hosting the world’s greatest football tournament, and a deep desire to advance sport and the quality of life for our people. Our country’s love of football is rooted in history, and we want to showcase to FIFA how we will harness this enthusiasm not just in 2034 – but for generations to come. We want to create an enduring legacy to help push Saudi Arabia’s transformation to new heights.”

Saudi Arabia is currently the sole nation bidding for the 2034 World Cup.

The next steps include official visits by FIFA and a comprehensive evaluation of the bid, leading up to the selection of the host nation on December 11, 2024.

(This article was sourced from the Saudi Press Agency – SPA)