He stressed the focus of "Investopea" on the "sector"

Bin Touq: Investing in sports is of great interest in the new economies of the world

During the Global Investment Platform Forum «Investopia».

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The Minister of Economy and President of Investopia, Abdullah bin Touq Al-Marri, affirmed that investment in sports represents an important part of the future of the global economy, and represents one of its main pillars, as it is among the new economies that receive great interest locally and globally.

This came during his attendance at the Global Investment Platform Forum “Investopia” in partnership with the Global Summit of Companies on the Future of Investment in Sports, which was held in Dubai yesterday, in conjunction with the 2022 World Cup.

Bin Touq said that sport is one of the important sectors in the global economy, and that is why Investopia was interested in having a platform to discuss the future of investing in sports.

He added, "Sports economies mean infrastructure, new talents, air traffic, travel, etc., and therefore there are many incentives that can serve the sports community and are of great importance to investors and businessmen."

The Minister of Economy indicated that during the World Summit of Governments last March, it was stressed the need to focus on the new economy, of which sport is one of the tributaries.

The new economy

Bin Touq explained: “There is a difference between the new economy and the future economy. The first focuses on the visible economy that we can touch and invest in. As for the future economy, it is the one that can be invested in after 5 or 10 years. Investopia focuses on new economies that can be invested in.” We are currently investing in it, including sports.”

Bin Touq pointed out that the focus of the "Investopia" platform on the sports sector during this period comes from the premise of changing the programs of the targeted sectors according to the programs of the platform that will be held annually, and that its next meeting will be in March 2023, and its focus will not be only on sports, but will include Also many aspects of future finances and new economies that can have an impact on life.

special event

For his part, CEO of the Investopia platform, Mohammed Nasser Al Zaabi, said: “We seek in (Investopia) to communicate with senior business leaders and decision-makers globally in all prominent events, in order to achieve its vision of creating and leading global dialogues to discuss economic issues and direct investments. towards sectors of the new economy.

He added: “Through partnership with the Global Summit of Companies, (Investopia) concluded a special event on sports, which comes in conjunction with the 2022 World Cup, as the event was rich in discussion sessions about the future of investing in sports and football in light of the wide opportunities offered by this vital sector.” Especially football, in a way that enhances the benefit from the promising economic and developmental aspects of these sports activities.

Huge capabilities

In turn, President of the Global Summit of Companies, Bernard Chiazzo, stressed that sport has enormous capabilities to change the world, and the biggest evidence of this is the World Cup, which unites more than four billion people together to follow the World Cup competitions over a period of four weeks.

He said: “The Investopia Forum on the Future of Sports was able to bring together decision-makers from the most important sports clubs, major investors and football associations to discuss the future of the sports sector, which has developed more in the past 10 years than it has been in the past 30 years, and is about to achieve tremendous growth during the next decade.”

Great interest

In the same context, the head of the Football Association in Spain, Javier Tebas, confirmed that the Spanish Football Association is confident in the importance of the role that sport plays at the economic level, which contributed to their reaching a set of important agreements in the football industry, which they worked on before several years.

He said, "We still have a long time to go deeper into this sector, which is receiving great attention, especially in light of digital control over various aspects of life, which we need in the sports industry."

He added, "The UAE has provided a lot in this field, and its name has become associated with major sporting events in the world, such as (Formula 1) in Abu Dhabi, which has a significant positive impact on the tourism field, and in general the UAE has strong foundations and supports for investing in sports."

 Dialogue sessions

The "Investopia" platform for "investing in sports" included holding dialogue sessions that covered a number of major topics in the field of sports, including harnessing the media power of sports, creating global champions, achieving sustainable development through sports, alternative opportunities in financing sports, and the future now: and innovation in sports. Sports, the convergence of technology and health in sports, and building smart stadiums in the future.

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