PGA Tour-LIV Golf merger to make the sport as popular as football: PIF’s Al-Rumayyan

Yasir Al-Rumayyan, governor of the Kingdom’s Public Investment Fund. (File)
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Updated 07 June 2023
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PGA Tour-LIV Golf merger to make the sport as popular as football: PIF’s Al-Rumayyan

RIYADH: The merger of the PGA Tour with Saudi-backed LIV Golf will make the sport more popular as the new partnership will help engage better with players, broadcasters and sponsors while ultimately giving more access for people to enjoy the game of golf, according to Yasir Al-Rumayyan, governor of the Kingdom’s Public Investment Fund.   

On June 6, LIV Golf and the PGA Tour signed an agreement that would combine both the entities’ commercial businesses and rights into a new, yet-to-be-named for-profit company. The deal also includes the DP World Tour, also known as the PGA European Tour.  

Speaking to CNBC, Al-Rumayyan said they would love to make the game of golf very much accessible, “just like any other sport, just like football, basketball or any other sport.”  

“We will have both LIV and the PGA Tour, in addition to all of our assets, and we will be investing in the growth of the game of golf and doing many new things that I think will have a better engagement from the players, the fans, the broadcasters, the sponsors, everyone else,” he said.   

Jay Monahan, PGA Tour commissioner, added that the new deal will unify the game and help grow and expand the game of golf to new heights.   

“It is a historical day for the PGA Tour and the game of golf. There has been a lot of tension in our sport over the last couple of years. But what we are talking about today is coming together and unifying the game of golf,” said Monahan.   

He also thanked Al-Rumayyan for taking the initiative to make this deal happen and added that the agreement was made in the best interests of the PGA Tour members.   

“We have recognized that, together, we can have a far better impact on this game than working apart. I give Yasir great credit for coming to the table and coming to discussions with an open heart and an open mind. We did the same and the game of golf is better for what we’ve done here today,” said Monahan.   

He added: “This transformational partnership recognizes the immeasurable strength of the PGA Tour’s history, legacy and pro-competitive model and combines with it the DP World Tour and LIV — including the team golf concept — to create an organization that will benefit golf’s players, commercial and charitable partners and fans.”   


Saudi Arabia launches skills framework to support mining, industrial growth 

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Saudi Arabia launches skills framework to support mining, industrial growth 

JEDDAH: Saudi Arabia has launched a new skills framework for the mining and industrial sectors to standardize job roles and support workforce development. 

The initiative was unveiled by Minister of Industry and Mineral Resources Bandar Alkhorayef on the sidelines of the Global Labor Market Conference 2026, according to Al-Eqtisadiah. 

The framework is intended to help employers, job seekers and training providers better navigate labor demand in mining and industry, as Saudi Arabia accelerates investment in manufacturing, minerals processing and related value chains under Vision 2030. 

“This is, in fact, a tool which ensures clear definitions of occupations and their required skills. It will cover more than 500 job roles, detailing the necessary skills, responsibilities, and titles,” Alkhorayef said during a discussion panel at the event. 

The Ministry of Industry and Mineral Resources said the initiative — known as the Industry & Mining Occupations & Skills Framework — will serve as a national reference for occupations and skills in mining and industry. 

The framework is designed to achieve a set of strategic objectives that support human capital development in the industrial and mining sectors. It aims to strengthen workforce planning, training programs, and career pathways, while supporting informed decision-making. 

Covering more than 500 industrial occupations, over 300 professional specialties, 600 skills, and 900 professional certifications, the framework sets standardized job titles, descriptions, and skill requirements to support recruitment, performance, and competitiveness. 

For each occupation, a profile is developed, outlining the code, job titles, and descriptions, as well as other information such as key tasks, educational qualifications, and required skills.

These profiles give employees clarity on roles, career pathways, and accredited credentials, while helping job seekers match their qualifications with suitable roles and focus on targeted skill development. 

The framework, published by the ministry, runs to nearly 3,200 pages and was developed through collaboration with the General Authority for Statistics, alongside government bodies, private sector organizations and academic institutions. 

The launch comes as Saudi Arabia’s mining push gains momentum after new surveys of the Arabian Shield showed the Kingdom’s mineral resources are larger than previously estimated. 

Official estimates have jumped by about 90 percent to roughly SR9.37 trillion ($2.5 trillion), up from around SR5 trillion in 2016, strengthening the case for further mining investment and skills development.