Saudi Arabia accelerates its privatization plan with 14 football clubs
- July 5, 2024
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The kingdom will privatize 14 football clubs starting in August, aiming to attract private investment and professionalize management.
The kingdom will privatize 14 football clubs starting in August, aiming to attract private investment and professionalize management.
Saudi Arabia has taken a decisive step in its strategy to become a key player in global football. The Ministry of Sports has approved the second phase of its investment and privatization program for clubs, a project designed to boost league competitiveness and attract both domestic and international capital.
The process will begin in August with an initial group of six teams: Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba, and Al-Kholoud.
Later, investment opportunities will open for eight more: Al-Shoulla, Hajar, Al-Najma, Al-Riyadh, Al-Rawda, Jeddah, Al-Taraji, and Al-Sahel. In total, 14 clubs will transition to partial private ownership, reflecting the kingdom’s broader economic modernization drive.
According to an official statement, the initiative aims to enhance the administrative and financial governance of the teams, ensure sustainability, and create a favorable investment environment. The Saudi government views sports, and especially football, as a crucial driver for economic diversification under its Vision 2030 strategy.

The move seeks not only to strengthen the local league but also to raise the international competitiveness of its clubs, making them more appealing in the global market and boosting their ability to attract top-tier players and sponsors.
In recent years, Saudi Arabia has shown strong commitment to sports development, from hosting international events to investing in infrastructure and securing high-profile signings. With this latest step, the kingdom aims to cement its role as a global football hub, pushing its clubs toward a more professional and financially sustainable model.