25 British companies explore investment opportunities in Saudi sports sector

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A part of the signing ceremony held during the workshop. SPA
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A part of the signing ceremony held during the workshop. SPA
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Updated 15 March 2023
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25 British companies explore investment opportunities in Saudi sports sector

  • Two cooperation agreements were signed to expand investments in sporting events across the country

RIYADH: A delegation of 25 British companies arrived at the headquarters of the Saudi Ministry of Investment to explore key investment opportunities in the Kingdom’s sports sector.

The ministry held a workshop in the presence of relevant government and private agencies, discussing key advantages for new investors in Saudi Arabia’s sports sector, as well as the development of the business environment in the country.

The workshop witnessed the signing of a cooperation agreement between the ministries of investment and sports and the British ES Global company, aiming to expand investments in sporting events across the country, explore additional investment paths, and attract new partnership opportunities that serve the Kingdom’s growing sports sector.

Another cooperation agreement was also signed with the British Global 13 company to boost and develop sports consultancy and marketing sectors.


US driver Guthrie leads Dakar after Stage 3 sweep for Ford

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US driver Guthrie leads Dakar after Stage 3 sweep for Ford

  • Five-time winner Al-Attiyah had led the standings after Monday’s stage but dropped to 11 minutes and 39 seconds off the pace

ALULA, Saudi Arabia: Ford Raptors filled the top five places in the Dakar Rally as American Mitch Guthrie Jr. won the third 421km stage in Saudi Arabia, his first victory in the top car category, and took the overall lead on Tuesday.

Guthrie ended the loop starting and finishing in AlUla with a 26 second overall lead over Czech driver Martin Prokop with Sweden’s Mattias Ekstrom third.

“We started at the back and (co-driver) Kellon (Walch) killed it with the navigation,” said Guthrie.

“There were a lot of tricky spots, but we ‌had no flat ‌tires. The car was great so ‌we ⁠just kept ‌moving all day, really.”

Spaniard Carlos Sainz, a four-time Dakar winner still competing at 63, was in fourth place overall and compatriot Nani Roma fifth.

Brazilian Lucas Moraes was sixth with Dacia Sandrider teammates Cristina Gutierrez, Nasser Al-Attiyah and Sebastien Loeb seventh, 10th and 12th respectively.

Five-time winner Al-Attiyah had led the standings after Monday’s stage but dropped to 11 minutes and 39 seconds off the pace.

Al-Attiyah, ‌who suffered two punctures, was the only ‍driver of Monday’s leading six ‍to remain in the top 10. Toyota had filled ‍the top five places in Monday’s stage.

Nine-time world rally champion Loeb also lost time with two punctures in the first 100km and no further spare tire after that.

“We’re driving at about 20 percent of our capacity just to avoid punctures and we still get them,” said the Frenchman.

“You don’t see the ⁠punctures coming and with two flat tires and 300 km to go, I had no spare wheels left so we drove the rest of the stage at crawling pace.

“I’m just happy to be at the finish because at one point I really didn’t think we were going to make it.”

In the motorcycle category, Spain’s Tosha Schareina won the stage for Honda with Australia’s defending champion Daniel Sanders retaining the overall lead on a KTM, one minute and seven seconds ahead of ‌Honda’s Ricky Brabec.

Wednesday’s fourth stage is 417km from AlUla with an overnight bivouac in the desert.