Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

UAE initiative drives global momentum for workforce wellbeing with $1mln Human Energy Award

…

Business

ENBD REIT announces Q1 NAV to 30th June 2025

…

Etihad reports August 2025 traffic statistics

HyperPay to showcase next-generation payment solutions at Money20/20 Middle East 2025

Facebook Twitter Instagram Pinterest
Latest posts:
  • UAE initiative drives global momentum for workforce wellbeing with $1mln Human Energy Award
  • ENBD REIT announces Q1 NAV to 30th June 2025
  • Etihad reports August 2025 traffic statistics
  • HyperPay to showcase next-generation payment solutions at Money20/20 Middle East 2025
  • First week of 28th Universal Postal Congress – Dubai 2025 successfully concludes
  • Etijah Marks 15 Years of Shaping Purposeful Careers Across the Region
  • Rock Developments prepares to operate Rock Capital 1, a one-mln-sq.ft. business landmark
  • The Capital Market Authority calls for public consultation on capital market institutions offering robo-advisory services
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    UAE initiative drives global momentum for workforce wellbeing with $1mln Human Energy Award

    ENBD REIT announces Q1 NAV to 30th June 2025

    Etihad reports August 2025 traffic statistics

    HyperPay to showcase next-generation payment solutions at Money20/20 Middle East 2025

    First week of 28th Universal Postal Congress – Dubai 2025 successfully concludes

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » Formula 4 academies to be established in Saudi Arabia
Business

Formula 4 academies to be established in Saudi Arabia

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp

JEDDAH — The Ministry of Investment has signed 14 investment agreements, including establishing Formula 4 academies in Saudi Arabia.

The agreements were signed on the sidelines of Formula 1 STC Saudi Arabian Grand Prix, which was held in the Jeddah Corniche sector from March 17-19.

The agreements were signed in presence of the Investment Minister Eng. Khalid Al-Falih.

The agreements will contribute in supporting the sport sector, which include motorsport, clubs, sports centers, qualitative sport projects, e-sports and games, organizing sports events, as well as sports academies and sports medical clinics.

In terms of the sports sector, the agreements included completing the infrastructure projects for motor racing circuits, and the establishment of a new infrastructure for qualifying professionals in motorsports.

Moreover, it included managing the sport and entertainment events, in addition to activating the investors’ plans in qualitative sports, as well as supporting the investors in the fields of sport studies and consultations.

Regarding the entertainment sector, the agreements included conducting VR technology, cities and recreational parks, in a way that supports the investors’ plans and developing qualitative projects that will enhance the position of the sector.

It will also contribute in strengthening the investors’ access to the Saudi market, expanding in design, establishing and operating the cities and entertainment parks.

This came with the aim of developing the sports and entertainment sectors industry in Saudi Arabia, increasing masses participation in sport, as well as sponsoring talent development paths, and stimulating sports success.

An agreement was also signed for the manufacture of modern cement mixers in the industrial sector that also supports the investment plan to establish a factory for cement concrete mixers.

The agreement sought to support the transferring and localizing of the company’s industry and technologies, as well as manufacturing concrete mixers originating in Saudi Arabia.

It is noteworthy that the ministry, through its Invest in Saudi platform, highlights all the investment opportunities in the Kingdom, and provides the investors the opportunity to be introduced to promising opportunities in various sectors, in addition to the advantages and incentives that the ministry provides for investors.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Business

UAE initiative drives global momentum for workforce wellbeing with $1mln Human Energy Award

Business

ENBD REIT announces Q1 NAV to 30th June 2025

Business

Etihad reports August 2025 traffic statistics

Business

HyperPay to showcase next-generation payment solutions at Money20/20 Middle East 2025

Business

First week of 28th Universal Postal Congress – Dubai 2025 successfully concludes

Business

Etijah Marks 15 Years of Shaping Purposeful Careers Across the Region

Business

Rock Developments prepares to operate Rock Capital 1, a one-mln-sq.ft. business landmark

Business

The Capital Market Authority calls for public consultation on capital market institutions offering robo-advisory services

Stay In Touch
  • Facebook
  • Twitter
Business

UAE initiative drives global momentum for workforce wellbeing with $1mln Human Energy Award

Abu Dhabi, UAE: The $1 million Human Energy Health and Wellbeing Award recognises achievements in…

ENBD REIT announces Q1 NAV to 30th June 2025

Etihad reports August 2025 traffic statistics

HyperPay to showcase next-generation payment solutions at Money20/20 Middle East 2025

First week of 28th Universal Postal Congress – Dubai 2025 successfully concludes

UAE initiative drives global momentum for workforce wellbeing with $1mln Human Energy Award

ENBD REIT announces Q1 NAV to 30th June 2025

Etihad reports August 2025 traffic statistics

HyperPay to showcase next-generation payment solutions at Money20/20 Middle East 2025

First week of 28th Universal Postal Congress – Dubai 2025 successfully concludes

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (437)
  • Life (124)
  • Saudi Arabia (81)
  • Technology (75)
  • Uncategorized (1)
  • World (56)
    • Africa (11)
    • Asia (25)
    • Europe (5)
    • US (3)
Our Picks
Business

E& and Dubai Healthcare City Authority join forces to power hospitals and clinics

Life

AlUla’s ‘Hegra After Dark’ Experience Wins Best Arts and Culture Event at Middle East Event Awards 2025

Africa

ETEC launches Saudi global ranking for higher education institutions

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

Type above and press Enter to search. Press Esc to cancel.