Trading & Financial News
No Result
View All Result
Saturday, June 28, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Forex News

Saudi Arabia to host inaugural Olympic Esports Games: IOC

by Tradinghow
July 14, 2024
in Forex News
A A
0
Saudi Arabia to host inaugural Olympic Esports Games: IOC
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Allen J. Schaben / Getty Images

Saudi Arabia is set to host the inaugural Olympic Esports Games in 2025 under an agreement that was announced by the International Olympic Committee (IOC) and the Gulf state on Friday.

“We are very fortunate to be able to work with the Saudi National Olympic Committee (Saudi NOC) on the Olympic Esports Games because it has great – if not unique – expertise in the field of esports with all its stakeholders,” IOC president Thomas Bach said in a statement.

The games are part of a 12-year partnership between the IOC and the Saudi NOC, which will add to the kingdom’s growing portfolio of such events. Last October, Saudi Arabia launched an annual Esports World Cup, which will include the most popular games in the world and have the largest prize pool in esports history.

The first edition of the annual competition, which features 1,500 gamers competing in games such as Call of Duty and League of Legends, is currently being held in Riyadh from July 3 to August 25.

The IOC and Saudi NOC expect the Olympic Esports Games to be held regularly over the duration of the agreement.

The agreement between the parties will be ratified at the IOC Session, which will be held on the eve of the Olympic Games in Paris. Following the ratification of the deal, work will commence to select a city and venue for the inaugural Olympic Esports Games, determine the included titles, and finalise additional details.

Saudi Arabia: An emerging sporting hub

Meanwhile, the partnership between the Saudi NOC and IOC coincides with a period of remarkable growth in sports in Saudi Arabia as part of Vision 2030, an initiative aimed at social and economic transformation.

Saudi Arabia has invested heavily in sports, including soccer, motorsports, boxing, and golf. Since 2018, the kingdom has also hosted more than 100 international events for both male and female athletes, including esports, football, tennis, equestrian, and golf, drawing in more than 2.6 million sports fans.

Saudi Arabia’s sovereign wealth fund launched a new company in August 2023 to accelerate the growth of the sports sector in the kingdom and across the MENA region.

The new company, SRJ Sports Investments, will invest in acquiring and creating new sports events IP, commercial rights of popular and prominent sports competitions and hosting major global events in Saudi Arabia.

Furthermore, the Public Investment Fund is reportedly in discussions with multiple boxing stakeholders to create a league, potentially reshaping the sport’s competitive landscape.

Read: Saudi’s PIF holding talks to create billion-dollar boxing league



Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025
Analyzing the Russell Indexes Last Annual Reconstitution

Analyzing the Russell Indexes Last Annual Reconstitution

June 27, 2025
China’s ‘Summer Davos’ offers rare respite from trade war

China’s ‘Summer Davos’ offers rare respite from trade war

June 27, 2025

Recent News

Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In