Karuppiha Ramakrishnan in Doha
FIFA, Saudi Fund for Development join forces to provide financial support for sports infrastructure in developing nations
- Memorandum of Understanding signed to support developing nations and their respective FIFA Member Associations (MAs), with a focus on countries with clear strategies to harness sport for national development
- Up to USD 1 billion in concessional loans to be allocated by the Saudi Fund for Development (SFD) to finance the construction or the enhancement of FIFA-certified stadiums and essential surrounding infrastructure
- Partnership aims to advance sustainable development by promoting social inclusion, youth empowerment, and economic opportunity through sport
Unlocking the potential of sports to drive economic and social development, the Saudi Fund for Development (SFD) and FIFA have signed a Memorandum of Understanding (MoU) to allocate up to USD 1 billion in concessional loans for the construction and rehabilitation of sports stadiums and essential surrounding infrastructure in developing countries around the world.