Sports Minister and the chairman of the Saudi Arabian Olympic Committee (SAOC), Prince Abdulaziz Bin Turki Al-Faisal, said that the sports federation consists of 30 per cent of female members on the boards of directors.
Attending the periodic government communication meeting in Saudi Arabia on June 6, the minister stated that the contribution of the sports sector to the Gross Domestic Products (GDP) grew $1.7 billion from $640 million, which is an increase of 170 per cent in two years, as reported by Saudi Gazette.
He also pointed out that sports practitioners in the Kingdom went up from 13% to 19%. “Sports groups increased to reach 450 and out of which 200 are women’s groups.”
Al-Faisal added that the establishment of private sports investment companies approved for the first time for the 13 sports club and federations.
Talking about international events hosted by Saudi Arabia, he announced that the Formula 1 race would occur in the Kingdom for the first time in December. In addition, the 2023 World Martial Arts Games is also likely to be hosted by Saudi Arabia.
